April Market Update: Trouble in the Sub-$300K Price Range?
Welcome to your April 2025 Arizona housing market update! In this segment, we’re taking a closer look at a price range that once moved fast — but is now facing serious challenges: homes priced under $300,000.
📉 Inventory Surging, Days on Market Tripled
Homes in this price category now average 146.5 days on market,
That’s nearly 3x the long-term average of about 50 days.
Once hot and competitive, this segment is now flooded with listings and slow to move.
🛠️ What’s Causing the Shift?
Several key issues are pushing buyers away:
Many properties are older condos, fixers, or flips needing major upgrades
High HOA fees are turning off potential buyers
Less desirable locations reduce appeal
Rising insurance costs (especially influenced by out-of-state events like California wildfires)
Financial strain on buyers due to inflation and higher cost of living
⚠️ What This Means for Sellers
If you're selling in this price range, it’s no longer a seller’s market — you’ll need to adjust your expectations.
Homes that once sold in days are now sitting for months, especially if they’re not priced competitively or well-prepared.
💡 Final Tip
Flexibility is key. To attract buyers in this segment, competitive pricing and presentation are more important than ever.
