HOW 2025 SHAPED METRO PHOENIX SINGLE-FAMILY HOUSING

PHOENIX ARIZONA REAL ESTATE

How 2025 Shaped Metro Phoenix Single-Family Housing

By AZBigMedia, azbigmedia.com | January 11, 2026

The year ended on a positive note as 2025 Greater Phoenix closed single-family home sales climbed 4.5% over 2024, according to data from Phoenix REALTORS®. Nationally, sales were down 1% for the year. Compared with December 2024, sales were up 12.1% in Phoenix and just 4.5% nationally.

“Strong. That’s one word to describe the finish to 2025,” said Sammy Glassman, board president of Phoenix REALTORS. “Though we may have started last year with a good dose of cautious optimism when it came to home sales and pending sales, the past several months have delivered encouraging stability.”

Pending sales increased 2.4% over 2024, with new listings up 6.9% from the previous year. Those listings pushed the month’s supply of inventory up 5.7% in December compared to December 2024.

The median price of a metro area single-family home saw slight change at $480,000, up just 0.3% from the previous year’s value of nearly $479,000. However, rising incomes in the area resulted in a housing affordability index of 71 at year-end 2025, up 6% from 2024. That boost increases the share of median households that can afford the median home. Nationally, the median home price increased 1.2% to top $409,000.

“Despite the way numbers look to close out 2025, I believe it’s too early to call it a trend for 2026,” Glassman said. “While sales are up over the past few months, pending sales are slowing, and new listings are increasing. That makes preparation more important than ever as buyers and sellers navigate a market that has improved but remains complex.”

This is reflected in how long homes are sitting on the market from listing to closing. In 2025, a 15.4% increase over the previous year saw homes on the market for 75 days, up from 65. Pending sales in 2025 increased just 2.4% compared to 2024. In December, they were down 28.2% compared to December 2024.

Phoenix

Single-family home activity in the city of Phoenix ended the year on a relatively flat note compared to 2024 and the overall market. Closed sales increased 1.7%, while pending sales were down 0.2% in a year-over-year comparison. New listings were up 4.4% for 2025, but the months’ supply of inventory was flat at three months. Even the median home price last year only changed slightly compared to the end of 2024, at $485,000 versus $481,000. Days on the market, however, jumped 19.6% to 67 days. In 2024, the year ended at 56 days from listing to closing.

Scottsdale

The median sales price for Scottsdale continued its climb above $1 million. Median prices rose 4.2% to $1.2 million, up from $1.1 million in 2024. Days on the market jumped 6.7% to 80 from 75 in the previous year. Closed sales in Scottsdale ended 2025 with a 7.1% year-over-year increase, while pending sales were up 1.5%. With a 5.1% increase in new listings over 2024, the months’ supply of inventory increased 7.7% to 4.2 months.

Queen Creek

In the southeast Valley, Queen Creek showed consistent growth in 2025 compared to the previous year. Closed sales were up 6.2%, new listings, 5.5%, and pending sales ticked up 4.6% in year-over-year data. The median home price was $655,400, down 0.5% from $658,400 a year earlier. Days on the market were flat, holding at 87. The months’ supply of inventory dropped in 2025, down 7.9% from 2024.

Gilbert

Queen Creek’s neighbor, Gilbert, showed different trends in the year-over-year comparisons. The median home price dipped slightly, down 1.5%, to $595,000 from $604,000 in 2024. Days over the market skyrocketed 24.5% to 66 from the previous year’s 53. Sales climbed 8.8%, pending sales were up 5.9% and new listings jumped 10.1% compared to the prior year. The months’ supply of inventory in Gilbert declined from 2.5 to 2.4 months, a 4% drop.

Goodyear

Throughout most of 2025, Goodyear reported significant increases in single-family residential real estate activity. Closed sales soared, up 27.5% in 2025 compared with 2024. Days from listing to closing plummeted 18.6% to 3.5 months from 2024’s 4.3 months, even as days on the market increased 11.9% from 67 to 75. Median home prices, however, were down 0.9% to $475,000 from $479,200.

Avondale

Despite intense activity in next door’s Goodyear, Avondale saw closed sales drop 5.7%, pending sales dip 6.8% and new listings decline 2.7% compared to a year earlier. The median sales price in Avondale slipped 1.3% from $424,000 in 2024 to $418,000 last year. Days on the market rocketed up 16.9% compared to 2024, and the months’ supply of inventory jumped 12.5% to 3.6 from 3.2 months the previous year.

Surprise

In the northwest Valley, Surprise had a strong 2025, with closed sales up 7.4%, pending sales up 7%, and new listings up 14.1% from 2024. The median sales price slipped a bit, down 1.4% to $430,000 from $436,000 a year earlier. Days on the market climbed 11.1% to 80 from 72, and the months’ supply of inventory increased, up 5% to 4.2 months from 4 months in 2024.

Learn more about Phoenix REALTORS.

– more at azbigmedia.com