Laveen Condos

Laveen Condos Market Highlights

As of Nov 11, 2025, the condo/townhome/patio home market in Laveen reflects significant changes, highlighting a rapidly evolving landscape for potential buyers and sellers.

• Active listings have declined to just 1 property, down from 10 six months ago, indicating a noteworthy reduction in available inventory.
• The average price for these active listings is now at $379,900, considerably lower than the $639,963 average three months ago, which shows a substantial drop in market pricing.
• With only 0.1 months of inventory, the market is currently skewing heavily towards sellers, highlighting how quickly properties are moving when they become available.

An In-Depth Look at the Laveen Condos Market

In a deeper examination, we see that the Laveen condo market is undergoing a notable transition.

• The drastic reduction in the number of active listings—from 10 six months ago to just 1 current listing—marks a sharp decline of 90%. This reduction significantly tightens the market, as reflected in the current 0.1 months of inventory. This low inventory suggests that if no new listings are introduced, all current properties would sell in a matter of days, underscoring the competitive nature of the market.

• The decrease in active listings has led to a parallel decline in the average price, which has dropped from $639,963 three months ago to $379,900. This significant price contraction indicates that sellers are adjusting expectations amid tightening inventory, likely motivated by the limited options available to buyers.

• Furthermore, the Days on Market (DOM) for this sole active listing stands at 89 days. Comparing this with the more favorable 50 days for three months ago, even with low inventory, suggests that remaining listings may be subject to longer selling times perhaps due to price corrections or market hesitance.

• By analyzing Sold Prices, we notice that for the past three months, there were 0 sales, underscoring the drastic shift that has occurred. Last quarter, 9 properties sold at an average price of $330,990, which illustrates how current sellers may still be looking to maintain higher pricing, resulting in fewer transactions this time around.

• Connecting these trends to a larger economic context, current market conditions, combined with low inventory dynamics, may indicate a period of buyer hesitation or financial caution, influenced by fluctuating interest rates or economic uncertainty.

Thus, sellers in this market may need to be strategic in pricing and presentation to draw buyers' interests back, while buyers may face the challenge of limited options in the current landscape. Moving forward, insights into pending properties and market sentiment will be critical for gauging future price movements and inventory adjustments.