How Phoenix's Housing Inventory Changed in 2025

By Rachael Richards

Rachael has been a top real estate agent in the Phoenix area for over 20 years. She and her team are consistently in the top 1% and have worked through all types of markets. Selling over 200 homes each year while maintaining a core value that clients come first, Rachael and her team have a wealth of experience and industry knowledge.

If you’re considering selling your home, now is the time to pay attention. Phoenix’s listing inventory has dramatically shifted since this time last year, with a 44% increase in single-family homes available for sale. Whether you’re looking to buy or sell, understanding how the inventory has changed across different price ranges is crucial. Let’s break down what’s happening in the market right now and what it means for you.

More homes for sale than last year. Phoenix’s inventory of single-family homes has jumped by 44% compared to March 2024. More homes are hitting the market as we enter the spring season, which is typical. But what’s different this year is how inventory is rising across different price ranges. The lower the price, the higher the increase. For instance, homes listed under $350,000 have increased by 70%. Homes priced between $350,000 and $600,000 have gone up by 51%. Even in the luxury market, homes between $1 million and $3 million have risen by 27%.

What does this mean for sellers? More homes on the market mean more competition for sellers. As supply grows faster than demand, homes may stay on the market longer. Sellers may also have to be more flexible and negotiate more than they would have liked in previous years. But if you’ve owned your home for at least five years, you’ve likely benefited from some of the highest appreciation rates in recent history. Selling now could be an opportunity to cash out on that equity while prices are still strong.

Home prices per square foot are holding steady. One thing to keep in mind is that the price per square foot hasn’t declined compared to this time last year. So, even though more homes are available, your home may still hold its value. If you’ve been waiting for the right time to sell, now could be the moment to get a strong return on your investment.

If you’ve been considering selling your home, now is a great time to explore your options. While the market may have more inventory and longer days on the market, buyers are still active. If you’ve owned your home for five years or more, now could be the ideal time to take advantage of the equity you’ve built up. Do you still have questions about the current housing market in Phoenix? You can call or text me at 480-270-5782 or email me at info@rhouserealty.com. I’ll help you figure out the best approach to sell your home for the best price.