Phoenix Metro Real Estate Market Update: Last Week vs. This Week

The Greater Phoenix metro housing market continues to shift week by week, with noticeable changes across Maricopa County and key cities including Phoenix, Scottsdale, Tempe, Chandler, and Queen Creek. Whether you’re buying, selling, or investing, understanding these short-term shifts can help you time your move strategically.

Here’s an expert breakdown of how the market performed this week compared to last week’s numbers.

📊 Maricopa County Market Overview

• Active Listings: 25,970 (up from 25,639)

• Under Contract/Pending: 3,638 (up from 3,551)

• Closed Sales: 1,168 (down from 1,747)

• Average Days on Market: 82 (down from 83)

• Median Home Price: $590,330 (down from $603,722)

Takeaway:
Countywide inventory grew slightly, and while pendings increased, closed sales slipped. The dip in the median price below $600K shows that buyers are becoming more selective. Sellers will need strong pricing strategies and standout presentation to compete.

📍 Phoenix Housing Market

• Active Listings: 4,130 (down from 4,907)

• Under Contract/Pending: 649 (slightly up from 641)

• Closed Sales: 216 (down from 293)

• Average Days on Market: 72 (down from 83)

• Median Home Price: $537,783 (down from $553,633)

Insight:
Phoenix inventory fell by nearly 800 listings in a week, while days on market shortened. Buyers are acting faster, but closings dipped — suggesting deals are still happening but taking longer to finalize. Price adjustments are drawing activity, particularly in the $500K–$600K range.

📍 Scottsdale Housing Market

• Active Listings: 2,303 (up from 2,237)

• Under Contract/Pending: 323 (up from 312)

• Closed Sales: 97 (down from 148)

• Average Days on Market: 92 (up from 83)

• Median Home Price: $1,000,414 (down from $1,211,592)

Insight:
Scottsdale’s luxury-driven market saw more listings and pending contracts, but fewer closings. Days on market lengthened, signaling that while demand remains, buyers are taking longer to commit at the $1M+ price point. Sellers may need to make strategic concessions to secure buyers.

📍 Tempe Housing Market

• Active Listings: 397

• Under Contract/Pending: 77

• Closed Sales: 28

• Average Days on Market: 78

• Median Home Price: $538,939

Insight:
Tempe is a smaller, dynamic market with quick-moving properties. With just under 400 active listings and an average of 78 days on market, well-priced homes are still attracting attention. Median price hovers around $540K, appealing to professionals and investors targeting ASU’s growth corridor.

📍 Chandler Housing Market

• Active Listings: 742

• Under Contract/Pending: 154

• Closed Sales: 50

• Average Days on Market: 56

• Median Home Price: $664,086

Insight:
Chandler is one of the most competitive markets right now. With only 742 listings and a low average of 56 days on market, homes are selling faster than in neighboring cities. This signals strong buyer demand, especially in family-friendly neighborhoods near top schools and tech corridors.

📍 Queen Creek Housing Market

• Active Listings: 624 (stable week-over-week)

• Under Contract/Pending: 73 (down from 297)

• Closed Sales: 29 (down from 68)

• Average Days on Market: 97 (up from 83)

• Median Home Price: $664,960 (down from $912,176)

Insight:
Queen Creek experienced a notable pullback this week. Pendings and closings dropped, and days on market increased. Median home price also came down significantly, reflecting more buyer caution and potential negotiating room in this area.

🏡 What This Means for Buyers and Sellers

For Buyers:
Opportunities are opening up in several submarkets as inventory grows and prices soften. With days on market dropping in Phoenix and Chandler, you’ll need to be ready to move quickly when the right home comes along.

For Sellers:
Competition is heating up as more homes hit the market. Pricing your home strategically and ensuring top-tier presentation — staging, professional photography, and digital marketing — are key to standing out and securing strong offers.

📩 Get Your Personalized Market Report

Market numbers shift every week, and your neighborhood or zip code may look very different than these metro-wide stats. All stats and numbers pulled from the Arizona Regional MLS on Monday, October 13, 2025.

👉 Comment “REPORT” below or send me a message to receive a customized market update tailored to your home, neighborhood, or investment goals.