Midtown Phoenix Homes Market Overview
Highlights
As of April 14, 2025, the single-family home market in Midtown Phoenix shows signs of a balanced market with slight upward pressure on prices.
- Over the past month, the number of active listings has increased to 33 from just 15 three months ago.
- The average sold price for homes has climbed to $815,000, reflecting a stable demand despite a growing inventory.
- Days on market (DOM) currently average 71 days, indicating a gradual move back toward more typical marketing times.
- As months of inventory stand at 6.6, buyers are finding ample opportunities without the urgency of a hot market.
Info About Midtown Phoenix Homes
Midtown Phoenix has developed into a thriving and busy area for those looking for a unique urban lifestyle, but if you venture off the main strip, you’ll find established quiet areas with old growth trees, parks, winding roads, and children playing in the street.
Have you ever wanted to live in the past? Almost all the Midtown Phoenix homes for sale are vintage and charming; some are even located in well-loved historic districts like Willo and FQ Story. Many have been remodeled yet preserving the charm from yesteryear, so you get the best of both worlds.
Many of the city’s top restaurants, art galleries, museums, schools, entertainment venues, hospitals, and businesses are easily situated close to these homes.
Restaurants
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One of its best qualities is the variety of restaurants in the neighborhood. There are many of the best restaurants in the city, including Blue Fin, the iconic Durant’s, El Chullo Peruvian Restaurant & Bar, and Mary Coyle Ol’ Fashion Ice Cream. You can find a restaurant to satisfy any craving, whether it be for fine dining, pizza, or something entirely different.
Arts and Culture
There are a number of museums and art galleries in Midtown Phoenix. There is the Heard Museum, which is dedicated to the art and culture of Native Americans. With its impressive collection of modern and contemporary art, the Phoenix Art Museum is a must-see destination. Local artists’ works are exhibited in a few smaller galleries and studios as well.
Family Time
The Enchanted Island Amusement Park is in Encanto Park and provides rides, a train ride, pedal boats, and even the option to simply sit and observe the ducks. Walking around, it’s hard to believe you’re in a desert because of the old growth trees, palm trees, and other lush flora all around you. Steele Indian School Park is another well-liked park where people can unwind and enjoy the large grassy areas while playing basketball or volleyball. There are a few activities held here throughout the year as well.
Medical Services
St. Joseph’s Hospital and Medical Center, Banner – University Medical Center Phoenix, and other hospitals and healthcare centers can be found in Midtown Phoenix. The well-known Phoenix Children’s Hospital is located in Central Phoenix, not far from Midtown. These facilities provide locals with access to top-notch medical services and treatment.
Midtown Phoenix Homes for Sale
Schools
When it comes to education, there are lots of options for both public and private institutions, including Brophy College Preparatory and Xavier College Preparatory. On top of that, there is the renowned charter school BASIS.
Public Transportation
Locals can easily get around without a vehicle thanks to the light rail that runs through Midtown Phoenix. Residents can use this public transit choice to travel to other parts of the city, including Downtown Phoenix, Uptown Phoenix, Tempe, Mesa, and Sky Harbor Airport.
Final Thoughts
Some of the finest restaurants, museums, art galleries, hospitals, schools, entertainment venues, and establishments in the city are accessible to people who live in Midtown Phoenix. It is a vibrant and interesting area. If you’re looking for an urban lifestyle in established areas, Midtown Phoenix homes should be an area to think about.
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Midtown Phoenix Homes Market Report
An In-Depth Look at Midtown Phoenix Homes
The current landscape for single-family homes in Midtown Phoenix, as of April 14, 2025, reveals an evolving market that is adapting to greater inventory levels and shifting buyer behavior.
- Comparing recent data, the monthly increase in active listings from 15 to 33 indicates a significant expansion in available choices for homebuyers. This larger availability suggests that market pressure may be leveling, allowing buyers to be more selective.
- The average sold price of $815,000 reflects a 5% increase over the past three months, suggesting that property values are holding steady amidst this larger inventory. Notably, this contrasts with a decline in average sold prices three months prior, where the average was $777,641.
- With the current DOM averaging 71 days, homes are selling faster than they did six months ago when DOM averaged 126 days. This shorter market time highlights a resurgence in buyer activity even with the increased availability of listings.
- As months of inventory currently stand at 6.6, this figure marks a balanced market where neither buyer nor seller holds a significant advantage. This is a departure from the tighter conditions seen with just 1.8 months of inventory six months ago, indicating an increase in negotiating power for buyers.
- In addition, the average price per square foot of $515 suggests a healthy appreciation compared to $458 six months prior, reinforcing that buyers are willing to invest more in homes with desirable features despite the increased competition from additional listings.
Overall, this data paints a picture of a healthy and dynamic market in Midtown Phoenix, characterized by a balance that affords buyers more choices and gives sellers the opportunity to sell at competitive prices. It presents a favorable environment for both parties as they navigate this evolving landscape.
Brian Adamski, Realtor
17+ Years of Experience
Trusted Real Estate Consultant
480-405-1265
Brian Adamski, Realtor
17+ Years of Experience
Trusted Real Estate Consultant
480-405-1265