As of: November 2025 • Sources: ARMLS • Cromford • Zillow • Redfin • Realtor.com
Phoenix • Arizona • Market Update
Phoenix Housing Market — November 2025
Q: What’s happening in Phoenix right now?
A: Phoenix is neutral. Median sale price $414,333 (-0.4% YoY),
homes go under contract in ~34 days, and buyers pay about 98.6% of list.
Inventory is higher than the 2021–2022 frenzy, prices are flat to slightly down,
and buyers negotiate modest discounts depending on submarket.
Neighborhood vibe check: Phoenix is full spectrum — entry-level South Phoenix,
historic and luxury central corridors, and fast-growth North Phoenix near TSMC and Desert Ridge.
Median sold price
$414,333 -0.4% YoY
Speed (median DOM)
34 days
Market type
NEUTRAL buyer-friendly pockets
Market call
Inventory is up from peak-frenzy years, price direction is flat to slightly down,
and negotiation exists — especially on homes that miss condition or pricing.
Neighborhood snapshots
- 85042 South Phoenix: ~$381,730 — affordability near South Mountain.
- 85032 North Phoenix: ~$443,332 — established 70s–90s neighborhoods.
- 85085 North Phoenix: ~$636,553 — newer builds near TSMC & Loop 303.
- 85018 Arcadia: ~$946,210 — renovated ranch homes and luxury estates.
Notes & FAQ
Median sale price? $414,333.
How fast are homes selling? ~34 days to pending.
Buyer or seller market? Neutral.
Sale-to-list? 98.6%.
Disclaimer (data cutoffs): November 2025 snapshot blends Zillow (citywide price, DOM, sale-to-list),
Redfin (YoY trends), and Zillow ZIP pages (Oct 31, 2025). ARMLS and Cromford used for cross-checks.
Numbers shift with status changes. Verify before pricing or offers.
