Metro Phoenix Home Prices by the Square Foot November 2025

Price per-square foot (PPSF) is a more accurate gauge of price trends because "median" home prices don't relate to the size of the home. The Arizona Regional MLS is the source for all information contained herein.

Please NOTE: Adjustments have been made to my reporting
The Arizona Regional MLS has been steadily adding Arizona Counties to it's base of property listings and sales. Most notably, the Sedona MLS was added in March 2025 that incorporates Coconino and Yavapai Counites. Additionally, Tucson, Flagstaff, and other Arizona MLS's can add their listings/sales to the Metro Phoenix data base. These additional listings have accounted for a drop of a few dollars PSF. I have adjusted all my statistical categories back to January 2020 to now reflect ONLY the Metro Phoenix geography of Maricopa and Pinal Counites. All others have been removed.

Monthly Price Summary

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Based on the $291.65 price per-square foot (PPSF) average for October 2025, overall prices are:

$4.16 more than September
$0.57 more than October 2024 (yes, that's 57 cents)
100.7% of the $295.02 PPSF average for all of 2024
down $25.01 since January 2025 (January had a short-lived record of $316.66 PSF, probably due to a several month spike in the number of sales over $5,000,000)

NOTE: This average PPSF considers all sales in the Metro PHX Area MLS. It illustrates trends, and it should not be applied to your home or neighborhood. Also, because of the principle of "economies of scale," smaller homes cost more to build on a PPSF. Conversely, the PPSF to build goes down as the home gets bigger.

Also, note our 10-city report for more information on PPSF.

Phoenix Area Home Prices

The Phoenix area has become a popular destination for homes, leading to significant changes in home prices. When discussing Phoenix Area Home Prices, it's essential to consider both median sales prices and price per square foot. Median sales prices provide a clear picture of the midpoint in the housing market, indicating that half of homes sold are above this price and half are below. This metric is particularly useful for understanding the overall market trend, as it reflects the current demand and supply dynamics.

On the other hand, price per square foot offers a more granular view of property value, allowing buyers to compare homes of different sizes more effectively. This figure can vary widely depending on the neighborhood and the condition of the home. For instance, a newly renovated home in a sought-after area may command a higher price per square foot than an older home in a less desirable location.

As you explore the Phoenix area, consider both metrics when evaluating potential homes. While the median sales price gives you a broad understanding of the market, the price per square foot allows for better comparisons between properties. Whether you're looking for a cozy starter or a luxurious estate, being informed about these pricing metrics will help you make a more educated decision.

In conclusion, Phoenix Area Home Prices requires a dual approach. By analyzing both median sales prices and price per square foot, you can gain a comprehensive insight into the local real estate market, ensuring you find the right home at the right price.