City of Phoenix Real Estate

Phoenix All Property Types Market Highlights

As of Jul 18, 2025, the real estate market in Phoenix is currently experiencing several noteworthy trends that reflect the evolving dynamics of supply and demand.

• Active listings have climbed to 4,643, up from 3,928 three months ago.
• The average days on market (DOM) for sold properties sits at 61 days, which has increased from 55 days just three months ago.
• Additionally, the average sold price is currently at $573,658, reflecting a significant rise compared to earlier months.
• This combination of rising inventory and prolonged DOM indicates a shift in market conditions.

An In-Depth Look at the Phoenix All Property Types Market

The Phoenix real estate market, as of Jul 18, 2025, reveals insightful trends that illustrate the complex interplay of inventory levels, pricing, and market velocity. Currently, the active listings number stands at 4,643, which marks a notable increase from 3,928 three months ago. This influx represents a broader selection for buyers, suggesting heightened market activity and possibly a recalibration of expectations as inventory increases.

Moreover, the average days on market (DOM) for sold properties has risen to 61 days, up from 55 days three months prior. This increase in DOM generally indicates slower sales, which could reflect either emerging buyer caution, higher pricing, or a seasonal adjustment in buyer behavior.

In terms of pricing, the average sold price is currently at $573,658, showcasing a robust increase from $544,628 just three months ago. This trend suggests sustained buyer interest and ongoing competition for desirable properties, even amidst the rising inventory. Interestingly, despite the increased inventory, the average sold price has maintained a positive trajectory, which may signify buyer confidence and willingness to pay for quality listings.

It’s also noteworthy that months of inventory is holding at 4.0, indicating a relatively balanced market where neither buyers nor sellers are overwhelmingly favored. Looking historically, three months ago, the active listings were significantly lower, and the market dynamics are evidently shifting due to various market forces at play, including possible economic factors and seasonal trends.

As buyers navigate this evolving landscape, they are encouraged to act decisively, especially since homes are selling within 61 days—pointing toward a competitive environment where desirable listings may not last long. Sellers, on the other hand, should be mindful of the increasing DOM, which highlights the necessity for strategic pricing and marketing to attract potential buyers. Overall, this emerging landscape in the Phoenix market requires both parties to stay informed and adaptable to capitalize on current and future opportunities.