Phoenix Housing Market Surges Past National Trends Again in 2025
The Phoenix housing market is once again beating national averages—this time with stronger sales, rising equity, and more buyers qualifying for homes despite modest price increases. According to AZ Big Media and data from Phoenix REALTORS®, nearly every major metric is pointing upward.
Year‑to‑date closed sales, pending sales, new listings, and the median price of single‑family homes all increased, highlighting a strong—and strengthening—Valley market. Phoenix continues to outperform the national housing landscape by a wide margin.
Source Spotlight: Want to explore the original report? View it directly on AZ Big Media, one of Arizona’s most trusted business and real estate news hubs.
Valley Momentum Outpaces the Nation
Greater Phoenix saw a 3.8% increase in closed sales in the first ten months of 2025 compared to 2024. Year‑over‑year, October 2025 alone saw a 4.9% jump—crushing the national rise of just 1.5%.
More than 52,000 homes have sold so far this year, with just over 51,000 pending. Meanwhile, new listings surged by 8%, far better than the national decline of 0.8%.
The median price for a single‑family home hit $480,000—matching the national average—though Phoenix saw a slight 0.4% increase while the nation remained flat. Even with this price bump, Phoenix remains more affordable than expected: the housing affordability index improved from 69 to 71, meaning more buyers can qualify.
Pro Tip for Real Estate Agents: Markets like Phoenix are ideal for new agents or those adding a second license. If you’re expanding your real estate career—whether into Arizona, Florida, or nationwide—Cameron Academy offers flexible licensing paths designed to keep you competitive.
City-by-City Breakdown
Phoenix
Inventory sits at a tighter 3.8‑month supply compared to the metro’s 4.4 months. Closed sales rose 1.8% and new listings increased 5.4%. Prices remain steady at $485,000, but days on market jumped from 55 to 66.
Scottsdale
The luxury magnet continues its climb. Median prices rose 3.5% to $1.18 million, inventory rose to 4.8 months, and closed sales surged 5.7%.
Mesa
Mesa saw a notable 28.3% increase in days on market, but still moves homes faster than the regional average. Prices held steady at around $490,000, while both closed sales and listings nudged upward.
Gilbert
A mixed but healthy market: new listings rose 11.4%, pending sales 4.7%, and closed sales 8.2%. Prices dipped slightly to $595,000.
Goodyear
One of the biggest winners of the year: closed sales jumped 27.2%, pending sales 24.4%, and listings 16.9%. Prices dipped slightly to $475,000.
Peoria
Peoria posted a 5.6% rise in closed sales and an 11.3% jump in listings. Prices edged down 1.5% to $529,000 as days on market rose to 72.
Surprise
New listings soared 14.1%, closed sales rose 6.1%, and pending sales climbed 3.7%. The city now holds a 4.8‑month supply of inventory, surpassing the market average.
For more insights straight from the source, visit the official Phoenix REALTORS® website.
As the Valley continues to lead national trends, professionals—from agents to investors—are positioning themselves for a strong 2025. And for those looking to break into real estate or expand into additional states, educational support from institutions like Cameron Academy remains essential to staying competitive in a rapidly shifting housing landscape.
More Articles
Getting licensed or staying ahead in your career can be a journey—but it doesn’t have to be overwhelming. Grab your favorite coffee or tea, take a moment to relax, and browse through our articles. Whether you’re just starting out or renewing your expertise, we’ve got tips, insights, and advice to keep you moving forward. Here’s to your success—one sip and one step at a time!
United Real Estate is revolutionizing the real estate industry with its innovative approach to empowering agents and bridging the value gap. The company's Bullseye Lead Boost Program aims to transform the lead generation process, giving agents more control over their leads and ensuring they get the most value out of their investment. United Real Estate also provides comprehensive support and resources to franchisees, helping them maximize their returns in the competitive real estate market. Learn more about this innovative approach at Cameron Academy.
Fannie Mae, the government-sponsored enterprise (GSE), recently announced the launch of innovative programs and resources aimed at tackling the homeownership gap experienced by the Latino community. These initiatives are designed to provide responsible access to housing and long-term sustainable homeownership opportunities. In an effort to promote homeownership among Latinos, Fannie Mae is implementing the HomeReady® Hispanic Centric Approach, a program tailored to meet the unique needs of this community. This initiative offers flexible underwriting guidelines and low down payment options, making homeownership more attainable for qualified Latino borrowers. Furthermore, Fannie Mae is expanding its downpayment assistance program, providing financial support to eligible homebuyers. This expansion aims to help more Latino families overcome the challenge of saving for a down payment, turning their dreams of homeownership into a reality.
This comprehensive report delves into the ongoing demands for change within the National Association of Realtors (NAR) following allegations of sexual harassment and a toxic work environment. The demands include the resignation of top leaders, the implementation of a third-party human resources reporting system, and an independent review of the organization's policies and procedures. We will also explore the response from NAR and the advocacy efforts of the NAR Accountability Project. This report aims to provide a thorough analysis of the situation and shed light on the need for accountability and a more inclusive work culture.
The mortgage market experienced a significant uptick in rates last week, with figures inching closer to the annual high of 7.49%. This unexpected surge has raised concerns among potential homebuyers and industry experts alike. The recent rise in mortgage rates can be attributed to two key factors: a hawkish Federal Reserve meeting and robust jobless claims data. Despite the overall upward trajectory, mortgage rates found some relief towards the end of the week as bond yields began to decline. This reversal offered a glimmer of hope for potential homebuyers, suggesting that rates may stabilize in the near future. However, market volatility and external factors remain influential, warranting cautious optimism.
California is implementing new rules for homeowners insurance carriers to address challenges faced by insurance companies and provide homeowners with more options. The proposed changes aim to retain insurance companies within the state, ensuring a stable insurance market and offering homeowners a wider range of coverage choices. These changes come in response to the departure of major insurance companies and the increased enrollment in the California FAIR Plan. The proposed changes would allow insurers to consider climate change and reinsurance costs when setting their rates. However, they would still require permission from the state to make rate adjustments.
The housing market is currently grappling with a significant decline in pending-home sales due to the surge in mortgage rates and home prices. A recent report from Redfin reveals a 13% drop in pending-home sales compared to the previous year, underscoring the hurdles faced by potential homebuyers. The affordability crisis in the housing market continues to escalate as mortgage rates and home prices hit record highs. The combination of these factors has led to an unprecedented increase in monthly housing payments, making it increasingly challenging for prospective homebuyers to enter the market.
