Last Week’s Real Estate Market Roundup: Phoenix Metro & Maricopa County

The Greater Phoenix metro continues to show strong movement across all major submarkets, with inventory, pricing, and contract activity evolving in ways both buyers and sellers should be tracking closely. Here’s your expert breakdown of what happened over the past seven days across Maricopa County, with a closer look at Phoenix, Scottsdale, Mesa, and Queen Creek.

✅ Maricopa County Market Snapshot (Last 7 Days)

• Active & Coming Soon Listings: 25,639

• Under Contract/Pending: 3,551

• Closed Sales: 1,747

• Average Days on Market: 83

• Median Home Price: $603,722

What this means:
Inventory remains elevated, giving buyers more options and creating leverage for well-prepared negotiators. However, with over 3,500 properties going under contract in a week, demand has not slowed — it’s simply shifting toward strategic decision-making. Sellers with move-in ready or well-priced homes are still winning.

📍 Phoenix Market Update

• Active Listings: 4,907

• Under Contract/Pending: 641

• Closed Sales: 293

• Average Days on Market: 83

• Median Home Price: $553,633

Expert Insight:
Phoenix continues to behave like the “core engine” of the metro. Buyers are active but selective, and pricing is holding steady. Sellers who position their homes correctly — condition, pricing, and presentation — can still move quickly. Expect continued absorption especially in the $450K–$650K range.

📍 Scottsdale Market Update

• Active Listings: 2,237

• Under Contract/Pending: 312

• Closed Sales: 148

• Average Days on Market: 83

• Median Home Price: $1,211,592

Expert Insight:
Scottsdale’s luxury segment continues to perform, with high-end buyers remaining active even as days on market stretch. Inventory is healthy, but lifestyle-driven purchases and relocation demand keep this submarket resilient. Presentation and strategic pricing are non-negotiables here.

📍 Mesa Market Update

• Active Listings: 1,984

• Under Contract/Pending: 297

• Closed Sales: 146

• Average Days on Market: 83

• Median Home Price: $484,290

Expert Insight:
Mesa remains one of the most active and opportunity-rich areas for buyers and investors. With a sub-$500K median price and nearly 300 homes going under contract last week, affordability and movement are driving momentum. Sellers should watch absorption rates closely and price with precision.

📍 Queen Creek Market Update

• Active Listings: 621

• Under Contract/Pending: 297

• Closed Sales: 68

• Average Days on Market: 83

• Median Home Price: $912,176

Expert Insight:
Queen Creek is seeing a strong ratio of pendings relative to inventory — an indicator of ongoing buyer confidence. New builds and semi-custom properties continue to attract attention, especially among move-up buyers and those relocating from out of state.

🏡 What Buyers and Sellers Should Take Away

For Buyers:
Leverage is increasing in many areas, but good homes are still moving quickly. If you're weighing timing, strategy, or pricing, this is the moment to get clarity.

For Sellers:
Inventory is rising, but motivated buyers haven’t slowed. Homes that are well-prepped, well-marketed, or move-in ready are still commanding attention — especially with the right positioning.

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