Phoenix housing market outpaces national trends again in 2025

Article originally posted on AZ Big Media on November 13, 2025

Numbers were up for single-family home sales in October, according to the latest year-to-date data from Phoenix REALTORS®. Phoenix once again outpaced the national housing market in several different categories.

“Year-to-date closed sales, pending sales, new listings and median sales price all increased,” said Christy Walker, board president of Phoenix REALTORS. “These data are indicators of the strength in the Phoenix market.”

The October data show Greater Phoenix with a 3.8% increase in closed sales compared to the first 10 months of 2024. Comparing October 2025 to the same month last year, locally, closed sales increased by 4.9%, compared to a 1.5% rise nationwide. Almost 52,000 homes have sold so far this year, with just over 51,000 pending deals posted.

Over the first 10 months of 2025, compared to 2024, new listings rose 8% and pending sales were up slightly at 0.5%. Nationally, the data for the same period show new listings decreasing 0.8% and pending sales plummeting 27.1%.

Greater Phoenix homeowners again saw their home equity increase in year-to-date numbers, with the median price of a single-family home matching the national average at $480,000. While the national median price remained flat, locally it increased by a slight 0.4% over 2024. Despite the increase in home prices, the housing affordability index improved from 69 to 71. This means that through October, 71% of the households could afford the median-priced home, up 2.9% from a year earlier.

“These are two markers of very good news,” Walker said. “Homeowners are seeing values rise, increasing their personal equity. At the same time, rising incomes mean more households can buy that median home compared to last year.”

Across the metropolitan area, the inventory of homes for sale climbed by 19.2% creating a 4.4-month supply. The average number of days on the market rose 15.6% to 74 days from 64 last year.

Phoenix

So far in 2025, the City of Phoenix has a smaller month’s supply of inventory, at 3.8, compared to the overall market’s 4.4, and this is accompanied by a modest increase in closed sales, at 1.8%. New listings increased 5.4% and the median home price remained flat at $485,000. The most significant change is that the number of days on the market significantly increased by 20% to 66, up from 55 last year.

Scottsdale

Scottsdale sellers saw the median home price rise 3.5% to $1.18 million from $1.14 million in the first 10 months of 2024. The number of new listings rose 4.2%, taking the supply of inventory to 4.8 months. Pending sales were nearly flat, showing a slight 0.2% decline, while closed sales rose 5.7% over the same period last year.

Mesa

In the East Valley, Mesa also saw a significant increase in the number of days on the market, from 53 in 2024 to 68 this year, representing a 28.3% increase. However, this is an overall faster turnover rate than the market as a whole. The median sales price was essentially flat, down 0.2% to $490,000 from about $493,000 last year. Closed sales rose 0.9% and new listings were up 3.2%. The number of pending sales declined 3.1% for the first 10 months this year. Even though the month’s supply of inventory rose 20.7%, to 3.5 months, it’s much less than the market’s 4.4 months.

Gilbert

The single-family market in the southeast Valley town posted mixed results. The data show that new listings rose 11.4%, pending sales increased 4.7%, and closed sales were up 8.2% compared to 2024’s year-to-date statistics. The days on the market increased by 25.5% from 51 to 64 days, and the median sales price dropped slightly, 1.7% to $595,000 from $605,000 last year. The month’s supply of inventory held steady at three months.