Midtown Phoenix Homes

Midtown Homes Market Highlights

As of Jul 18, 2025, the single family homes market in Midtown has experienced notable changes that reflect shifting dynamics.

• Currently, the total number of active listings has risen to 24, marking a significant jump from just 15 six months ago.
• This increase in inventory appears to have affected the average sold price, which currently sits at $955,000, down from $1,016,364 three months ago.
• Days on market have increased slightly to an average of 76 days, indicating a slower pace of sales than seen previously.
• Additionally, the months of inventory now rests at 3.4, suggesting a more balanced market compared to prior months.

An In-Depth Look at the Midtown Homes Market

The single family homes market in Midtown, as of Jul 18, 2025, displays a blend of rising inventory levels, decreasing sold prices, and longer days on the market.

• Currently, the number of active listings has expanded to 24, a significant increase from the 15 seen just three months ago. This rise marks a 60% increase in inventory and is indicative of a shift toward a more balanced market, as reflected in the months of inventory increasing to 3.4, up from 2.5 months previously.
• As a result, the average sold price has decreased to $955,000, a notable drop from $1,016,364 three months ago, signaling potential price adjustments due to higher competition among sellers. This reflects a trend where homes are taking longer to sell, currently averaging 76 days on the market, compared to 72 days just three months prior.
• These changes may suggest that buyers are exercising more negotiating power in the current market environment.
• It's also important to note the pricing dynamics; the ongoing growth in active listings appears to be influencing pricing strategies. Whereas the average sold price previously maintained a higher stature, the recent data indicates that buyers are becoming more cautious, leading to lowered offers as evidenced by the sold price to original list price percentage decreasing from 96% to 93% over the past three months.
• Collectively, these trends may imply that while inventory is rising, it is accompanied by cautious buyer behavior, potentially setting the stage for strategic selling approaches in the near future.