Market Statistics for September 2025
(Based on Data through August 2025)

Percentages shown compare this month to last. Residential market activity reported to MLS.
Data from sources deemed reliable but may contain errors and subject to revision. All numbers are approximate.

Click the button below to review more market snapshots for September 2025.

Market Summary for September 2025, with August Data in:

Here is our summary of the market overview by Tina Tamboer at The Cromford Report, using Arizona MLS numbers as of September 1, 2025, compared with September 1, 2024.

While the economic climate varies across the country, with concerns about a recession in many states, the Valley market remains very positive and continues to expand. Construction of numerous large projects is supplying jobs and attracting professionals to the area.

A major new factor affecting the national economy is that the recent jobs report was not positive, and unemployment has risen. The Federal Reserve will meet on September 16 and 17, with any interest rate decision to be released on the afternoon of the 17th. Mortgage rates have recently dropped, which may already reflect an anticipated rate cut. Pundits have suggested a 0.25% to 0.5% cut in the funds rate and a corresponding mortgage rate decrease, while others suggest that the recent mortgage rate drop already accounts for the anticipated cuts. At this time, both the Fed’s rate action and the actual market effect of any action remain unknown.

The Cromford Report data suggest that we are beginning to move out of a Buyer’s market into a more balanced market. Data trends indicate that the housing market should return to balance by November, although this will depend on interest rates and the supply of Sellers. The lower inventory of homes for sale during the summer season has reduced much of the Buyer’s leverage. However, Buyers can still obtain concessions, and those with less-than-perfect credit or who require a sales contingency can find homes at present. If interest rates drop, competition for homes will increase, putting these Buyers at a disadvantage as they compete with stronger Buyers.

Because of traditionally limited inventory and activity in the fourth quarter, it is also a favorable time to be a Buyer in both the Luxury and Retirement sectors. Tina emphasizes that the fourth quarter of this year looks like a great time to purchase a home, ahead of a shift into a Seller’s market. While homeowners may need to wait a few months to see prices rise, they will secure a new home. Those who wait will gain the security of seeing prices rise after move-in, but they will pay a higher price for that security.

For Sellers, data show that days on market continue to increase. The Cromford Report suggests that Sellers should be prepared for a longer time on market than previous data might indicate, and that listing contracts should be at least six months.

THE VALLEY’S MAJOR MARKETS:

THE CROMFORD INDEX, shows the ratio of Supply to Demand. At an index of 100, everything is equal and in Balance and neither Buyer or Seller holds a market advantage.

SELLER'S MARKETS (Where Demand exceeds Supply)
Paradise Valley (178.2) down 7% from last month
Anthem (163) up 24.8% from last month
Fountain Hills (150.2) up 31% from last month
Sun Lakes (145.5) up 37% from last month
Scottsdale (130) up 25% from last month (but luxury is still scarce)
El Mirage (128) up 17.1% from last month
Apache Junction (127.4) up 18.3% from last month
Chandler (127.1) up 10% from last month
Cave Creek (125.7) up 14% from last month
Avondale (118.9) up 14% from last month

BALANCED MARKETS (100 is in perfect balance)
Sun City West (110) up 6.6% from last month
Gilbert (106.7) up 14% from last month
Phoenix (104.7) up 8% from last month
Glendale (104.1) down 1% from last month
Mesa (92.4) up 8% from last month
Tolleson (92.8) down 7.5% from last month

BUYER’S MARKETS (Where Supply exceeds demand)
Sun City (89) up 9.2% from last month
Peoria (87.1) up 1% from last month
Gold Canyon (71.3) up 20.2% from last month
Tempe (81.3) down 3% from last month
Goodyear (79.3) up 2% from last month
Laveen (72.6) down 8.8% from last month
Surprise  (68.8) up 13% from last month
Litchfield Park (64.1) up 11.9% from last month
Queen Creek (63.5) up 3% from last month
Buckeye (51.2) up 1% from last month
Maricopa (47.7) down 3% from last month
Casa Grande (47.4) down 7.8% from last month

MAJOR MARKET HIGHLIGHTS FROM THE INCLUDED GRAPHICS & CHARTS:

LUXURY
Median Luxury Sales Price: $4,400,000 – up 1.59% from August ’24.
Active Luxury Listings (inc. UCB/CCBS): 375 Listings - up 16.82% from August ‘24.
Monthly Sales for Luxury Listings: 29 – down 19.44% from August ‘24.
Median Days on Market for Luxury Listings: 126 – up 57.5% from August ‘24.

PARADISE VALLEY
Median Paradise Valley Sales Price: $2,850,000 – down 24.3% from August ’24.
Active Listings (inc. UCB/CCBS): 1309 Listings – unchanged from August ‘24.
Monthly Sales for Paradise Valley Listings: 21 – down 12.5%  from August ‘24.
Median Days on Market for Paradise Valley Homes: 132 – up 20% from August ‘24.

SCOTTSDALE
Median Scottsdale Sales Price: $792,500 – down 6.21% from August ’24.
Active Scottsdale Single Family Home Listings (inc. UCB/CCBS): 1,869 Listings- up 10.39% from August ‘24.
Monthly Sales for Scottsdale Single Family Homes: 440 – down 1.12% from August ‘24.
Median Days on Market for Scottsdale Single Family Homes: 71 – up 14.51% from August ‘24.

PHOENIX
Median Phoenix Sales Price: $431,000 – up .23% from August ’24.
Active Phoenix Single Family Home Listings (inc. UCB/CCBS): 3,803 Listings - up 21.81% from August ’24.
Monthly Sales for Phoenix Single Family Homes: 1,028 – up 7.98% from August ‘24.
Median Days on Market for Phoenix Single Family Homes: 55 - up 22.22% from August ‘24.

CAVE CREEK
Median Cave Creek Sales Price: $700,000 – up 14.11% from August ’24.
Active Cave Creek Single Family Home Listings (inc. UCB/CCBS): 185 Listings - unchanged from August ’24.
Monthly Sales for Cave Creek Single Family Homes: 49 – up 19.51% from August ‘24.
Median Days on Market for Cave Creek Single Family Homes: 80 – up 5.26%  from August ‘24.

CAREFREE
Median Carefree Sales Price: $1,385,000 – down 31.90% from August ’24.
Active Carefree Single Family Home Listings: 53 - up 39.47% from August ‘24.
Monthly Sales for Carefree Single Family Homes: 7 - unchanged from August ‘24.
Median Days on Market for Carefree Single Family Homes: 117 – up 105.26% from August ‘24.

EAST VALLEY
Median East Valley Sales Price: $510,000 – down 0.29% from August ’24. 
Active East Valley Single Family Home Listings: 4,312 - up 30.94% from August ‘24.
Monthly Sales for East Valley Single Family Homes: 1,269 – up 3.17% from August ‘24.
Median Days on Market for East Valley Single Family Homes: 57 – up 39.02% from August ‘24.

WEST VALLEY
Median West Valley Sales Price: $430,000 down 1.86% from August ’24. 
Active West Valley Single Family Home Listings: 5,135 – up 31.51% from August ‘24.
Monthly Sales for West Valley Single Family Homes: 1,341 – up 1.98% from August ‘24.
Median Days on Market for West Valley Single Family Homes: 63 – up 28.57% from August ‘24.

Contact us if you want to learn more about the market.

Master Account

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jennifer.williams@engelvoelkers.com I www.evrealestate.com/