Published March 21, 2025

Real Estate Market Update - Phoenix 2025

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Written by Shanna Day Team

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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.

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.

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