Phoenix Biltmore Homes

Biltmore Homes Market Highlights

As of Jul 10, 2025, the single-family home market in Biltmore shows notable trends that impact both buyers and sellers.

• Currently, the number of active listings stands at 57, which has increased compared to 53 listings three months ago.
• Meanwhile, the average price per square foot for active listings has risen to $536, indicating strong demand.
• Inventory levels remain balanced with 3.6 months of available supply, signaling a stable market environment.

An In-Depth Look at the Biltmore Homes Market

The Biltmore single-family home market, as of Jul 10, 2025, reflects a series of evolving trends worthy of close attention.

• The current active listings have risen to 57, marking an increase from just 53 three months prior. This uptick suggests a growing variety of options for prospective buyers, though the pace of sales remains critical in assessing market health.
• The average price per square foot for active listings has climbed to $536, an indication that buyer interest has translated into higher asking prices. Compare this to $528 just three months ago; this trend may reflect both increased competition among buyers and potential optimism about home values.
• Seller confidence continues to be supported by the average days on market (DOM), which now sits at 97 days. While this suggests moderate activity, it is crucial to note that DOM has lengthened from 82 days three months prior, indicating a cooling in market pace that could influence pricing strategies.
• Overall, with 3.6 months of inventory currently available, the market sits firmly in a balanced zone. However, stable inventory levels have shifted slightly from tighter conditions six months ago, hinting at a more negotiable atmosphere for buyers. To expand on this, inventory was notably lower at 38 active listings six months ago.
• From a pricing perspective, the average sold price now stands at $1,181,375, having experienced a recent decline from $1,260,529 three months ago. This change underscores shifts in buyer perception and acknowledging the wider economic context. Sellers may need to pivot towards competitive pricing to attract interest, given that current sales prices reflect a 98% retention to original list prices, down from 89% earlier.

In summary, Biltmore's single-family home market is currently navigating a transition period that emphasizes careful evaluation for both buyers and sellers. The balance of active listings, changing days on market, and shifting pricing dynamics necessitate strategic consideration for all parties involved in this competitive yet stable environment.