In this post, we’re going to highlight the numbers you need to know about the Maricopa County real estate market, what it means if you’re thinking about buying or selling, and where to get help moving toward your real estate goals this year.

What’s Happening in the Maricopa County Real Estate Market?

• There were 6,135 total sales in October, down 0.4% from September but up 5.2% from a year ago.

• The total number of homes available for sale was 25,634, up 6.1% compared to last month and up 21% compared to last year.

• Average sales price was $585,274, up 1.75% from September and up 2.98% year-over-year.

• The average price per square foot was $305.84, up 1.36% month-over-month and down 1.34% compared to last year.

• Median sales price was $449,990, flat compared to last month and up 0.44% compared to a year ago.

• Average days on market was 87, up from 86 last month and 73 a year ago.

According to The Cromford Report, supply grew faster than demand again in October, but the trend is starting to weaken. Active listings rose about 6% from September, but new supply usually starts to fall in November as we head into the holidays.

Demand is still below average despite modest improvement — helped by slightly lower mortgage rates near 6.5%–6.6%. Higher-end buyers are driving most of the recent activity, while first-time and move-up buyers remain hesitant.

Pricing showed a mixed picture: the average price per square foot rose 2.3% month-over-month, while the median price slipped 0.9%, highlighting how the luxury market is skewing the averages upward.

What Does This Mean for Phoenix Homeowners and Sellers?

The good news: seller conditions are stabilizing slightly. The bad news: the market still favors buyers in most price ranges.

Sellers should:

• Be realistic about pricing and expect longer days on market.

• Prepare to offer concessions, especially for rate buy-downs or closing costs.

• Keep homes “show ready” — presentation still determines who sells fastest.

The bright spot is that luxury homes are performing well. Buyers with cash or high equity are still transacting, helping support the higher-end segment.

Thinking about selling? Get your FREE Home Value Report here. We’ll show you how to price and position your home to stand out this fall and winter.

What Does This Mean for Phoenix Home Buyers?

Buyers continue to hold leverage in most areas — even as pricing edges up slightly in some segments.

• Inventory remains abundant (up 21% year-over-year).

• Sellers are more flexible with concessions and repairs.

• Luxury price growth is outpacing the rest of the market, but entry-level buyers benefit from improved affordability compared to 2022.

If you’ve been waiting for prices to crash — don’t. The data shows stabilization, not a freefall. With rates lower and sellers motivated, this fall could be your window to buy strategically.

Interested in buying? Sign up for our property search app here.

Conclusion

The bottom line: October’s market showed early signs of stabilization. Supply is still growing, but more slowly. Prices are mixed — stronger at the top, steady elsewhere. Demand remains below normal, but momentum is improving slightly.

This is a market of opportunity — for buyers who negotiate smart and sellers who stay realistic.

Lianne: 602-463-1730 | Jason: 602-909-0673 | team@therfgaz.com

Sources:

• ARMLS STAT Report – October 2025

• Cromford Report Commentary – Nov. 4, 2025

• Cromford Mid-Month Forecast – Oct. 15, 2025