Staff Reports | Dwellings & Multifamily
Single‑family home sales across Greater Phoenix increased 4.5% in 2025 compared with 2024, outperforming the national market, which recorded a 1% decline for the year.
Sales closed the year on a stronger note, with December sales up 12.1% from December 2024 in Greater Phoenix, compared with a 4.5% national increase, according to a press release.
Pending sales rose 2.4% year over year, and new listings increased 6.9%, contributing to a 5.7% increase in the month’s supply of inventory in December, the release states.
“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.”
The median price of a single‑family home in the metro area was $480,000 at year‑end, up 0.3% from nearly $479,000 in 2024. Rising household incomes contributed to a housing affordability index of 71 in 2025, a 6% increase from the prior year, reflecting a larger share of households able to afford the median‑priced home. Nationally, the median home price rose 1.2% to exceed $409,000.
“Despite the way numbers look to close out 2025, I believe it’s too early to call it a trend for 2026,” said Sammy Glassman, board president of Phoenix REALTORS. “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.”
Homes also remained on the market longer in 2025, with the average time from listing to closing increasing 15.4% to 75 days, up from 65 days in 2024. Pending sales for the year rose 2.4% compared with 2024 but fell 28.2% in December compared with the same month a year earlier.
Here is a breakdown of date provide by the Phoenix REALTORS group:
Phoenix
Single‑family home activity in the city of Phoenix was largely flat compared with the broader metro area. Closed sales increased 1.7% in 2025, while pending sales declined 0.2%. New listings rose 4.4%, and the months’ supply of inventory remained at three months. The median home price edged up to $485,000 from $481,000 in 2024. Days on the market increased 19.6% to 67 days, compared with 56 days the previous year.
Scottsdale
Scottsdale’s median home price continued to exceed $1 million, rising 4.2% to $1.2 million from $1.1 million in 2024. Closed sales increased 7.1% year over year, while pending sales rose 1.5%. New listings increased 5.1%, pushing the months’ supply of inventory up 7.7% to 4.2 months. Days on the market rose to 80, up from 75 in 2024.
Queen Creek
In Queen Creek, closed sales rose 6.2%, pending sales increased 4.6% and new listings were up 5.5% compared with 2024. The median home price dipped 0.5% to $655,400 from $658,400 a year earlier. Days on the market remained at 87, while the months’ supply of inventory declined 7.9% year over year.
Gilbert
Gilbert experienced mixed trends in 2025. Closed sales climbed 8.8%, pending sales increased 5.9% and new listings rose 10.1%. The median home price declined 1.5% to $595,000 from $604,000 in 2024. Days on the market increased 24.5% to 66 days, and the months’ supply of inventory slipped 4% to 2.4 months.
Goodyear
Goodyear saw notable growth in closed sales, which rose 27.5% in 2025 compared with the prior year. The time from listing to closing declined 18.6% to 3.5 months, even as days on the market increased 11.9% to 75 days. The median home price decreased 0.9% to $475,000 from $479,200 in 2024.
Avondale
Avondale recorded declines across several indicators, with closed sales down 5.7%, pending sales down 6.8% and new listings down 2.7% from 2024. The median home price fell 1.3% to $418,000 from $424,000 a year earlier. Days on the market increased 16.9%, and the months’ supply of inventory rose 12.5% to 3.6 months.
Surprise
Surprise posted gains in several categories, with closed sales up 7.4%, pending sales up 7% and new listings increasing 14.1% year over year. The median home price declined 1.4% to $430,000 from $436,000 in 2024. Days on the market increased to 80 from 72, and the months’ supply of inventory rose 5% to 4.2 months.
