Phoenix Housing Market Update: Fall 2025

By Ron Palmer

Ron’s expertise has earned him a spot among the top 50 realtors in the Valley. Happily married for 38 years, Ron is a proud parent and grandparent and holds CDPE, CIAS, and CNE designations, reflecting his dedication to client success.

What’s really happening in the Phoenix housing market this year? Everyone’s felt the rollercoaster of interest rates in 2025, and it’s definitely changed how homes are selling. Let’s take a moment to look back at how things have actually played out here in Phoenix, and what it means for you, whether you’re thinking about buying or selling.

Interest rate shifts and buyer impact. We kicked off the year with rates sitting around 7%, which wasn’t exactly friendly for buyers. But as the months went on, they eased into the mid 6% range by fall. That small change may not sound like much, but for a lot of buyers, it meant saving a few hundred dollars each month. That was enough to wake the market up a bit, with more people showing up to tours, putting in offers, and making moves again.

Market activity and home prices. Even with those shifts in rates, prices have held surprisingly steady. The median home price has hovered between about $440,000 and $450,000 for most of the year. Homes are taking roughly 60 days to sell, unlike the whirlwind we saw a couple of years ago. Still, it’s a healthy pace for a stable market.

Inventory and buyer opportunities. Inventory has crept up slightly, too. It’s not enough to push prices down, but it’s given buyers something they haven’t had in a while: options. That’s been especially true in the Northwest Valley, where we’ve seen more movement. So if you’ve been waiting to buy, this might actually be one of the best windows we’ve seen recently. More choices, motivated sellers, and slightly better rates are all working in the buyer’s favor.

Seller insights. For sellers, it really comes down to presentation and pricing. The homes that look great and hit the market at the right price point are still moving fairly quickly. It’s what we’d call a balanced market where neither side has all the power, and that’s a good thing for everyone involved.

If you’re curious what your home might be worth today or what your payment could look like at current rates, just reach out to us at 602-750-0755 or send an email to customercare@soldwithresults.com. We’ll help you stay on top of local updates.