Phoenix Real Estate Market Overview & Forecast (2025 & 2026) | The Luxury Playbook

The Phoenix real estate market in 2025 remains resilient, with a median sale price of $413,083, reflecting a 3. 5% year-over-year increase. Strong population growth, economic expansion, and a shift in buyer behavior contribute to the city's stable housing demand. Homes are currently taking an average of 32 days to go pending, which is slower than during the pandemic years but still indicates active market conditions. The sale-to-list price ratio stands at 98.

8%, with over 60% of homes selling below list price, highlighting opportunities for negotiation. Investors are drawn to Phoenix due to its favorable affordability compared to coastal metros and ongoing job growth. As suburbs and emerging neighborhoods gain attention, the market's long-term fundamentals continue to support pricing and limit inventory pressures.