Good news for buyers: See how your city compares with latest metro Phoenix home prices

Article originally posted on AZ Central on June 11, 2025

Home prices are flat or down slightly in most metro Phoenix cities compared to last year, another sign of a big increase in listings shifting the market towards buyers.

Listings of houses for sale shot up almost 53% during the past year, according to the Arizona Regional Multiple Listing Service.

Christy Walker, board president of Phoenix REALTORS, said the increase in listings gives homebuyers “a diverse range of prices.”

In April, 7,164 Phoenix-area houses sold, up by almost 400 since March. But the Valley’s median home price dipped by $10,000, to $445,000, in April from March, likely due to the higher supply of houses for sale.

Home prices in metro Phoenix cities with the biggest populations

Here’s how median prices fared for single-family homes between April 2025 and April 2024.

Phoenix’s median fell 5.2% to $473,450 in April 2025, compared to April 2024.

In Mesa, the median home price was up about 1% to $490,000.

Chandler’s typical home price rose 2.5% to $584,000.

Gilbert’s home price was down 1% to $595,000.

In Glendale, the median went up 2.2% to $460,000.

Scottsdale saw its typical home price dip about 2% to $1,178,000.

Peoria’s typical home price fell 6% to $504,995.

In Tempe, the median sales price was $540,500, also down 6%.

Surprise’s median price inched up 1% to $437,240.

And in Buckeye, the most affordable Valley city on the list, the median ticked down 1.3% to $404,000.

“We are in a buyers’ market,” said Tina Tamboer, senior housing analyst with The Cromford Report. “Don’t look for prices to plummet, but they could slip 3% to 5%.”