Midtown Phoenix Condos

Midtown Condos Market Highlights

As of Nov 11, 2025, the condos/townhomes/patio homes market in Midtown is experiencing notable trends shaped by recent shifts in inventory and prices.

• Active listings increased to 96, compared to 81 three months ago, highlighting growing availability in the market.
• The average sold price decreased to $400,000, reflecting an adjustment in buyer expectations and market dynamics.
• The average days on market (DOM) rose to 175 days, indicating that homes are taking longer to sell than they did earlier in the year.
• The months of inventory currently stand at 9.2, suggesting a relatively balanced market.

An In-Depth Look at the Midtown Condos Market

The Midtown area’s current condos/townhomes/patio homes market provides valuable insights into shifting dynamics that could impact buyers and sellers alike.

• Active Listings: The total number of active listings has increased notably, with 96 homes currently available, up from 81 three months ago. This signals a more abundant selection for potential buyers, potentially easing some competitive pressures.
• Days on Market (DOM): The average DOM also grew to 175 days, an increase from 192 days three months ago. This extended time frame tends to indicate slower sales and may contribute to negotiating power for buyers as they have more options and time to consider their purchases.
• Months of Inventory: A current inventory of 9.2 months, compared to an approximation of around 7.5 months earlier in the year, reflects a shift towards a more balanced market. This inventory level suggests that homes are not moving as quickly, and buyers have greater choices.
• Sold Prices: Recent transactions show sold prices have adjusted down to an average of $400,000, which marks a decline from $458,919 just three months prior. This downward adjustment could be a reaction to the increased inventory and longer sales cycles. With fewer transactions happening in the higher price ranges, sellers may need to consider realistic pricing to attract buyers.
• Market Positioning: Given the current environment, sellers may need to be more flexible with their pricing and be prepared for longer DOM as buyers are exercising more caution amidst rising prices and potential economic influences. Meanwhile, buyers can utilize the increased inventory and more extended selling periods to negotiate favorable terms.
• Comparative Context: When looking backward at the market, the average sold price was significantly higher at $583,089 six months ago. Since then, both the increase in the average DOM and the substantial rise in active listings suggest a market that is transitioning, creating new opportunities for buyers to position themselves favorably.
• Final Insight: As the Midtown condo and townhome market evolves, both buyers and sellers should remain attentive to these trends, adapting their strategies effectively to navigate this shifting landscape.