Midtown Phoenix Real Estate Market Overview
Midtown Phoenix Market Highlights
As of May 16, 2025, the real estate market in Midtown reflects notable shifts impacting both buyers and sellers.
- Active listings have increased over the last month, now at 153, compared to 144 three months ago.
- An uptick in the average sold price is evident, climbing to $750,294 recently, signaling a potential rise in buyer confidence.
- Days on Market (DOM) for sold properties has dropped, indicating quicker transactions and possibly a more competitive environment.
- The months of inventory currently stands at 7.1, reflecting a slight improvement in supply-demand balance.
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The current metrics for the Midtown real estate market indicate several emerging trends that merit attention. Over the past month, the number of active listings has risen to 153, a growth from 144 three months ago, showing an increase in available homes. This uptick in inventory can influence buyer choices, suggesting a strengthening of market supply.
Sold prices have shown an encouraging leap to an average of $750,294 over the past 30 days, compared to $619,491 three months ago, demonstrating a robust 21% increase that suggests growing demand and buyer confidence. Notably, the average price per square foot for sold listings has also risen to $417, fluffy up from $422 previously—an indication that buyers are willing to pay more for desirable homes, despite the earlier drop.
Days on Market (DOM) for sold listings have decreased to an average of 105 days, indicating quicker sales compared to earlier periods, such as 186 days three months ago. This trend hints at a more vigorous market wherein properties are finding buyers faster, compelling sellers to adjust their pricing strategies to remain competitive. Coupled with the months of inventory at 7.1, which has improved from 10.3 three months ago, we’re observing a landscape that balances well for both buyers and sellers.
The rising months of inventory indicates a more stable supply, but still within a range that keeps demand reasonable. The market currently appears to be favoring sellers slightly due to rising prices and quickened sales, although active listings bring more options to buyers. These dynamics highlight the importance for sellers to evaluate their pricing strategies relative to contemporary market behavior while advising potential buyers to act decisively to capitalize on properties before escalating prices become standard.
Info About Midtown Phoenix
Midtown Phoenix has evolved into a vibrant urban hub that effortlessly combines historic charm with modern convenience. Whether you’re drawn to quiet, tree-lined streets and established neighborhoods with vintage character—where properties in beloved historic districts like Willo and FQ Story have been lovingly remodeled—or you prefer the ease of a centrally located, maintenance-light condominium, Phoenix Midtown Real Estate offers something for every lifestyle. Nestled near some of the city’s best restaurants, museums, art galleries, schools, and entertainment venues, this dynamic area delivers the best of both worlds. Experience Midtown Phoenix, where timeless elegance meets contemporary amenities, and every property tells a unique story of urban living.
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Discover Phoenix Midtown Real Estate
Phoenix Midtown Real Estate offers a dynamic urban lifestyle that blends culinary delights, vibrant culture, family-friendly outdoor spaces, top-notch health care, quality education, and convenient transportation—all in one thriving neighborhood.
Dining Out & Restaurants
Residents enjoy an impressive variety of eateries. Iconic establishments like El Chullo Peruvian Restaurant & Bar, the famed Durant’s, Blue Fin, and Mary Coyle Ol’ Fashion Ice Cream ensure that whether you’re craving fine dining, pizza, or something entirely unique, you’ll find a restaurant to satisfy your palate.
Arts, Culture & Galleries
Midtown Phoenix is a cultural hub. The Phoenix Art Museum showcases a remarkable collection of modern and contemporary art, while the Heard Museum celebrates Native American art and heritage. Additionally, several smaller galleries and studios feature the work of local artists, adding to the creative energy of the area.
Family Time & Outdoor Living
For those who value time with family, Midtown Phoenix has plenty to offer. Steele Indian School Park and Encanto Park—home to the Enchanted Island Amusement Park with rides, pedal boats, and a scenic train ride—provide ideal settings for sports, picnics, and community events. Strolling through these parks, with their mature trees and unexpected lush greenery, makes you forget you’re in a desert city.
Health Care Services & Education
Residents have easy access to world-class health care with facilities like St. Joseph’s Hospital and Medical Center, Banner – University Medical Center Phoenix