Market Update: Home Prices & Sales Activity

April 14, 2025•1 min read

Wondering what's really happening with home prices and transactions in Arizona? Here's your quick, clear snapshot based on the latest data for April 2025.

📊 Transaction Volume is Up

Despite gloomy headlines, the Arizona real estate market is showing signs of strength:

Total transactions in March 2025 reached 7,127 — that’s a 19% increase from February.
Resale home sales hit 5,625, which is up 5.5% year-over-year.
New home sales totaled 1,502, staying roughly flat compared to last year.

💰 What About Home Prices?

The median home price in Arizona is now $490,000, which is up 3.2% from April 2024.
However, when adjusted for inflation, prices are essentially flat — meaning buyers aren't necessarily paying more in "real" dollars.

🧠 What Does This Mean for Buyers?

Many are still waiting for a housing crash — but based on the data, that crash isn’t happening. Instead, the market is in a “soft stabilization” phase, with moderate increases and steady demand.

If you're a buyer waiting for prices to drop significantly, you might be waiting too long. Now could be the right time to act, especially in the mid-range market which is starting to gain momentum again.

🆚 New Builds vs Resale Homes

New homes are averaging $535,000–$540,000,
Resale homes are around $475,000.
That’s a $50,000 difference, which means while new homes offer warranties and modern features, buyers should weigh the price premium carefully.

📊 Want Hyperlocal Data?

I’ve created custom market reports for cities, neighborhoods, and even zip codes across Arizona. These reports include: