Phoenix, Arizona, December 4, 2025
The Phoenix housing market has shown impressive growth, with increased closed sales, new listings, and median home prices surpassing national averages. In the first ten months, closed sales rose by 3.8%, while inventory levels increased by 19.2%, indicating a shift towards a balanced market. Despite a slight rise in median prices, Phoenix continues to attract buyers, further solidifying its real estate appeal. As trends evolve, opportunities for both buyers and sellers are expected to persist.
Phoenix Housing Market Continues to Outpace National Trends in 2025
Phoenix, Arizona – The Phoenix housing market has demonstrated robust growth in 2025, consistently surpassing national trends across key metrics. Year-to-date data indicates significant increases in closed sales, new listings, and median home prices, underscoring the market’s resilience and appeal.
Key Market Indicators
- Closed Sales: There was a 3.8% increase in closed sales compared to the first ten months of 2024, with October 2025 alone seeing a 4.9% rise over the same month in 2024. In contrast, nationwide closed sales increased by only 1.5% during this period.
- New Listings: New listings rose by 8% over the first ten months of 2025, while the national figure decreased by 0.8%.
- Median Home Prices: The median price for single-family homes in Phoenix reached $480,000, a slight 0.4% increase from 2024, aligning with the national median.
Market Dynamics
The Phoenix market has experienced a 19.2% increase in the inventory of homes for sale, resulting in a 4.4-month supply. This is a notable shift from previous years, indicating a more balanced market. Additionally, the average number of days on the market has risen by 15.6% to 74 days, up from 64 days in 2024.
Regional Highlights
- City of Phoenix: The median home price remained steady at $485,000, with new listings increasing by 5.4%. The number of days on the market rose by 20% to 66 days.
- Scottsdale: The median home price increased by 3.5% to $1.18 million, with new listings up by 4.2%. Pending sales declined slightly by 0.2%, while closed sales rose by 5.7%.
- Mesa: The median sales price remained relatively flat, down 0.2% to $490,000. Closed sales rose by 0.9%, and new listings increased by 3.2%. The number of pending sales declined by 3.1%.
- Gilbert: New listings rose by 11.4%, pending sales increased by 4.7%, and closed sales were up by 8.2%. The median sales price decreased slightly by 1.7% to $595,000.
- Goodyear: Closed sales climbed by 27.2%, pending sales jumped by 24.4%, and new listings were up by 16.9%. The median sale price saw a slight 1.2% decrease to $475,000.
- Peoria: Closed sales rose by 5.6%, with new listings up by 11.3%. Pending sales increased by 1.2%. The median price of a single-family home declined by 1.5% to $529,000.
- Surprise: Closed sales were up by 6.1%, pending sales rose by 3.7%, and new listings increased by 14.1%. The median sales price declined slightly by 1.4% to $430,000.
Market Outlook
The Phoenix housing market’s performance in 2025 reflects a dynamic and resilient real estate environment. The increase in inventory and the rise in days on the market suggest a shift towards a more balanced market, providing opportunities for both buyers and sellers. As the year progresses, these trends are expected to continue, contributing to the market’s overall stability and growth.
FAQ
What is the current median home price in Phoenix?
The median price for single-family homes in Phoenix is $480,000, a slight 0.4% increase from 2024.
How has the number of days on the market changed in Phoenix?
The average number of days on the market has risen by 15.6% to 74 days, up from 64 days in 2024.
Which Phoenix area experienced the highest increase in closed sales?
Goodyear experienced a 27.2% increase in closed sales, the highest among the listed areas.
What is the current inventory level in Phoenix’s housing market?
The inventory of homes for sale has climbed by 19.2%, creating a 4.4-month supply.
How have median home prices in Phoenix changed compared to national trends?
The median home price in Phoenix increased by 0.4% over 2024, while the national median remained flat, indicating Phoenix’s market is maintaining value growth.
Key Features
| Feature | Details |
|---|---|
| Median Home Price | $480,000, a 0.4% increase from 2024. |
| Closed Sales Increase | 3.8% year-to-date, with a 4.9% rise in October 2025 compared to October 2024. |
| New Listings | 8% increase over the first ten months of 2025, while national new listings decreased by 0.8%. |
| Inventory Level | 19.2% increase, resulting in a 4.4-month supply. |
| Days on Market | Average increased by 15.6% to 74 days, up from 64 days in 2024. |
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Author: STAFF HERE PHOENIX WRITER
The PHOENIX STAFF WRITER represents the experienced team at HEREPhoenix.com, your go-to source for actionable local news and information in Phoenix, Maricopa County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Waste Management Phoenix Open, Cactus League Spring Training, and Arizona State Fair. Our coverage extends to key organizations like the Greater Phoenix Chamber of Commerce and Visit Phoenix, plus leading businesses in technology and healthcare that power the local economy such as Intel and Banner Health. As part of the broader HERE network, including HERETucson.com, we provide comprehensive, credible insights into Arizona's dynamic landscape.
