July 2025 Phoenix Housing Market Report

Source for monthly City of Phoenix Housing Market Report by Realtors serving Phoenix, AZ. Information is power. Facts not fiction from the Arizona Regional Multiple Listing Service (ARMLS).

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LISTINGS TO BEGIN JUNE and MAY RESULTS

(Table may require a swipe left on mobile devices)

Strong Buyer's Market

Buyer's Market

Balanced

Seller's Market

Strong Seller's Market

NOTE: Price per-square foot (PPSF) has generally been inching downward the last 2-months after stagnating at $280 PSF for 5-months. The market is waiting for interest rates to come down. Listings are at a 2.5 year high. Foreclosure type properties are starting to come on market, though these types of sales are still insignificant.

On a price per-square foot average (see table below):

• At $277 per-square foot in June, prices are up $2 from May, down $4 from last June, but down $15 from their peak in May '22
  

• Last month, sellers received an average of -$10,183 less than their asking prices
  

• July 2025 began 2,771 listings, which is 171% of the 3 year average of 1,623  (from 2022-2024) 
  

• June had 904 sales, or 96% of the 3 year average of 943 (from 2022-2024)
  

• Phoenix is currently turning over housing inventory once every 3.1 months
  

• Days on market for sold homes are currently 63
  

• Bank-owned properties and short sales accounted for 7 transactions, making up only 0.8% of all Phoenix sales last month

Phoenix Housing Market Report Updated in July 2025

To reduce data errors results are based on:

1. Phoenix SOLD single family residences, patio homes, and townhomes (ask us about condos)

2. List/sales price under $1,000,000

3. Size over 1,000 sq ft.

4. Calendar month

Phoenix sales data below will increase your understanding the local housing market (we have city data archived back to January 2008).

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  Table Explanation

(Table may require a swipe left on mobile devices)

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Month	For Sale	Total Sold	% Sold	MO. INV.	Sq ft	Price	DOM	$$ sq ft	+/- List Price
Jul-25	2,771
Jun-25	2,776	904	32.6%	3.1	1,801	$498,224	63	$277	-$10,183
May-25	2,661	982	36.9%	2.7	1,800	$495,673	59	$275	-$10,015
Apr-25	2,465	1,016	41.2%	2.4	1,777	$497,104	65	$280	-$8,033
Mar-25	2,456	925	37.7%	2.7	1,782	$499,671	62	$280	-$10,018
Feb-25	2,263	822	36.3%	2.8	1,796	$502,145	64	$280	-$9,495
Jan-25	2,093	629	30.1%	3.3	1,759	$492,474	69	$280	-$10,748
Dec-24	2,265	785	34.7%	2.9	1,753	$490,809	62	$280	-$9,747
Nov-24	2,321	719	31.0%	3.2	1,786	$494,837	59	$277	-$8,067
Oct-24	2,265	812	35.8%	2.8	1,772	$485,979	57	$274	-$7,346
Sep-24	2,146	766	35.7%	2.8	1,798	$496,869	59	$276	-$9,585
Aug-24	1,945	722	37.1%	2.7	1,792	$495,085	55	$276	-$9,327
Jul-24	1,889	880	46.6%	2.1	1,745	$485,266	51	$278	-$6,642
Jun-24	1,736	881	50.7%	2.0	1,769	$496,734	49	$281	-$6,718
May-24	1,689	1,018	60.3%	1.7	1,791	$500,709	49	$280	-$6,783
Apr-24	1,621	936	57.7%	1.7	1,784	$507,228	57	$284	-$7,520
Mar-24	1,562	949	60.8%	1.6	1,793	$509,438	56	$284	-$7,461
Feb-24	1,515	769	50.8%	2.0	1,786	$496,946	57	$278	-$8,232
Jan-24	1,408	618	43.9%	2.3	1,767	$482,901	54	$273	-$10,305
Dec-23	1,498	627	41.9%	2.4	1,808	$488,003	49	$270	-$9,550
Nov-23	1,486	579	39.0%	2.6	1,771	$487,159	42	$275	-$7,694
Oct-23	1,251	767	61.3%	1.6	1,787	$494,554	39	$277	-$5,415
Sep-23	1,108	820	74.0%	1.4	1,773	$489,864	42	$276	-$6,156
Aug-23	1,028	832	80.9%	1.2	1,771	$487,599	41	$275	-$6,251
Jul-23	963	857	89.0%	1.1	1,807	$490,051	45	$271	-$5,526
Jun-23	1,050	1,016	96.8%	1.0	1,793	$484,611	49	$270	-$5,055
May-23	1,033	1,162	112.5%	0.9	1,801	$484,513	56	$269	-$6,428
Apr-23	1,240	972	78.4%	1.3	1,797	$478,013	64	$266
Mar-23	1,488	1,076	72.3%	1.4	1,731	$451,842	68	$261
Feb-23	1,731	891	51.5%	1.9	1,755	$453,674	80	$259
Jan-23	2,001	667	33.3%	3.0	1,779	$448,897	73	$252
Dec-22	2,451	824	33.6%	3.0	1,791	$460,182	64	$257
Nov-22	2,720	778	28.6%	3.5	1,766	$455,209	56	$258
Oct-22	2,808	871	31.0%	3.2	1,785	$478,484	53	$268
Sep-22	2,719	1,053	38.7%	2.6	1,756	$478,136	47	$272
Aug-22	2,709	1,049	38.7%	2.6	1,735	$474,841	37	$274
Jul-22	2,095	1,057	50.5%	2.0	1,711	$482,722	28	$282
Jun-22	1,449	1,192	82.3%	1.2	1,744	$503,119	25	$288
May-22	809	1,357	167.7%	0.6	1,762	$514,081	22	$292
Apr-22	547	1,499	274.0%	0.4	1,773	$509,785	23	$288
Mar-22	531	1,575	296.6%	0.3	1,777	$493,546	26	$278
Feb-22	585	1,334	228.0%	0.4	1,795	$483,812	33	$270
Jan-22	753	1,220	162.0%	0.6	1,794	$468,796	32	$261

Table Explanation for Phoenix Housing Market Report

NOTE: we use the term “foreclosure” to describe bank owned homes and short sales because most people are familiar with it. “Distressed Properties” may be more accurate.

1. Total Active – # of homes for sale at the beginning of the current month

2. Total Sold – # of homes sold in the current month

3. % Sold – a ratio of total sold to total active

4. MO. INV. – based on total sold, how many months it would take to sell the total “active” inventory

5. Sq ft – average square footage of sold homes

6. Price – average sales price of sold homes

7. DOM – Days On Market, or average days to sale

8. $ sq ft – average price per square foot

9. +/- List Price – the average dollars received by sellers above or below their average list prices

Monthly Phoenix Housing Market Report by Realtors serving Phoenix, AZ