Midtown Phoenix Land

Midtown Land Market Highlights

As of Jul 10, 2025, the land market in Midtown is experiencing notable changes that can impact both buyers and sellers.

• Currently, there are just 2 active listings, with prices climbing higher to an average of $1,450,000, though the average days on market (DOM) has increased significantly to 159 days.
• Months of inventory are currently at 0.0, indicating the demand is fluctuating.
• Historical comparisons show that 3 months ago, the active listings averaged $1,999,999 with a DOM of only 106 days.

An In-Depth Look at the Midtown Land Market

The Midtown land market presents an intriguing landscape as of Jul 10, 2025.

• The current average price of $1,450,000 for active listings reflects a substantial shift from the $1,999,999 seen 3 months ago.
• This steep decline in price can be attributed to the limited inventory, as there are currently only 2 active listings, down from 1 three months ago and 3 six months prior. The number of active listings reduced overall demand over this period.
• It's notable that the DOM for these active listings has surged from 106 days to 159 days, signaling that buyers may be taking more time to consider their options or that sellers are hesitant to adjust prices adequately.
• The months of inventory calculated at 0.0 currently suggests a warning that the market could be shifting toward a standoff in terms of buyer interest versus seller pricing expectations, which could be reflective of temporary trends rather than a long-term market adjustment.
• Given these shifts, potential buyers might focus on the slower sales pace as an opportunity to negotiate, while sellers may need to evaluate their pricing strategy carefully to align with the current buyer sentiment and market fluctuations.
• Overall, the Midtown land market continues to show dynamics that warrant close observation from both buyers and sellers, especially as the metrics evolve.