Phoenix Land

Phoenix Land Market Highlights

As of Nov 11, 2025, the land market in Phoenix is experiencing notable shifts influenced by various factors.

• Currently, active listings have increased to 263, up from 228 three months ago.
• The average price per square foot for active listings remains steady at $23.
• Meanwhile, the average days on market (DOM) for active properties has increased to 244 days, reflecting a lengthening selling period.
• Compounding this, months of inventory is currently at 19.4, indicating that a notable supply is available compared to a year ago.

An In-Depth Look at the Phoenix Land Market

As we dive deeper into the Phoenix land market dynamics, several patterns emerge indicating how prospective buyers and sellers might navigate current conditions.

• The rise in active listings to 263 marks a significant increase from 191 just six months ago, reflecting a robust influx of properties available for sale and possibly signaling growing confidence among sellers.
• The average price per square foot has maintained at $23, a modest increment from earlier periods, with prices increasing slightly in the last year from $19 a year ago. This stability in pricing suggests that despite a surge in inventory, there remains a base price that buyers are willing to meet, hinting at consistent demand in the market.
• Months of inventory presently at 19.4 indicates a significant balance tipped toward buyers, as a figure above 6 months typically denotes an oversupply of listings. This suggests cautious optimism for buyers seeking negotiations.
• Further contributing to the current market landscape, the days on market (DOM) for active listings has extended to 244, showcasing a slower-moving market compared to the 265 days recorded three months prior. A lengthened DOM generally implies sellers may need to adjust expectations, potentially leading to price reductions as properties linger on the market.

From a longer-term perspective, sold listings have remained sparse, with only 1 recorded recently at $181,000. Comparatively, last year’s average sold price was approximately $598,275, indicating volatility. This stark contrast signals a changing buyer preference and market dynamics in the realm of land acquisitions. For sellers, insight into these shifting trends can be pivotal for listing strategies, particularly since recent sales are trailing well below active list prices.

In summary, the current Phoenix land market is characterized by expanding active listings, stability in pricing, and an extended time on the market, all culminating in a buyer-centric environment. Navigating these fluctuations is essential for both buyers looking for value and sellers aiming for optimal gains in a competitive landscape.