Published March 21, 2025
Real Estate Market Update - Phoenix 2025
%20(Page%201).png)
In February 2025, the Phoenix housing market exhibited notable activity, with a significant number of homes sold and a variety of property types transacting across different neighborhoods.
Days on Market
The average time for homes to sell in Phoenix varied as follows:
- Under 30 days: 373 homes
- 30 to 90 days: 433 homes
- Over 90 days: 357 homes
This distribution suggests a balanced market, with a substantial number of homes selling relatively quickly. %20(30).png)
Notable High-End Sales
The luxury segment of the market also saw significant transactions. In February 2025, a 6,700-square-foot property in the Arcadia neighborhood, featuring five bedrooms and 6.5 bathrooms, sold for $6.95 million in cash. Additionally, a 10,051-square-foot mansion in Paradise Valley was purchased for $15 million in early February.
February 2025 demonstrated a dynamic and evolving Phoenix housing market, characterized by increased sales activity, a mix of pricing outcomes, and significant high-end property transactions. Both buyers and sellers should stay informed about these trends and market forecasts to navigate the real estate landscape effectively.
Do you want to stay in-the-know? Scan the QR Code below to get connected with us! The Shanna Day Team would be happy to send you a CUSTOM MARKET REPORT!
Are you buying or selling a home?
When are you planning on buying a new home?
Are you pre-approved for a mortgage?
Would you like to schedule a consultation now?
When are you planning on selling your home?
or another way