New - 3 days on Rocket
$4,334 Closing Credit¹
#6814104, Ryan Schroeder, Listing Office: Realty Executives
Downtown Phoenix Housing Market Report January 2025•Maricopa County, Arizona
Housing Prices in Downtown Phoenix, AZ
How much do homes in Downtown Phoenix, AZ cost?
Housing Market Conditions
Is Downtown Phoenix, AZ a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Downtown Phoenix is a Neutral Market
Difference Since January 2024
At the same time last year, Downtown Phoenix was a Seller's Market.
Insight
Downtown Phoenix is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$425,000$372/SqFt
+$30,000
+7.6%
Based on all homes sold in the last 12 months
Insight
Homes in Downtown Phoenix have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Downtown Phoenix was $425,000 in January 2025, up 7.6% from last year, and the median price per square foot was $372.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Copper Square | $382.5K | $418K | +9.3% |
| Downtown Phoenix | $395K | $425K | +7.6% |
| Garfield | $412K | $384K | -6.8% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $367.5K | $335K | -8.8% |
| 22 Bedrooms | $485K | $538.7K | +11.1% |
| 33 Bedrooms | $460K | $542.5K | +17.9% |
| 44 Bedrooms | - | - | N/A |
| 55+ Bedrooms | $485K | $520.4K | +7.3% |
Summary: Downtown Phoenix housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -8.8%. The home price for 2 bedroom homes increased by +11.1%. The home price for 3 bedroom homes increased by +17.9%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes increased by +7.3%.
Housing supply in Downtown Phoenix, AZ
How many homes are available in Downtown Phoenix, AZ?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 27Last MonthJan 2025 | ||
| 242 months agoDec 2024 | +12.5 % Change MoMDec – Jan |
Summary: The Downtown Phoenix real estate market had 27 homes for sale in Jan 2025, a 12.5 % increase compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 4Last MonthJan 2025 | ||
| 42 months agoDec 2024 | 0.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 6 | 5 | -16.7% |
| 22 Bedrooms | 13 | 15 | +15.4% |
| 33 Bedrooms | 2 | 1 | -50.0% |
| 44 Bedrooms | 1 | 2 | +100.0% |
| 55+ Bedrooms | 2 | 4 | +100.0% |
Summary: Downtown Phoenix housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -16.7%. The inventory for 2 bedroom homes increased by +15.4%. The inventory for 3 bedroom homes decreased by -50.0%. The inventory for 4 bedroom homes increased by +100.0%. The inventory for 5 bedroom homes increased by +100.0%.
Asking Price vs. Sold Price
How much do homes in Downtown Phoenix, AZ cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price4 Homes
Insight
If you're buying a home in Downtown Phoenix, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Downtown Phoenix in January 2025, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for Downtown Phoenix, AZ
How long does it take to sell a home in Downtown Phoenix, AZ?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days2 Homes
Over 90 Days2 Homes
Insight
Avg time on Rocket Homes in Downtown Phoenix has remained consistent over time.
Summary: During January 2025, 4 homes were sold in Downtown Phoenix; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 112 DaysThis YearJan 2025 | ||
| 81 Days1 year agoJan 2024 | +39.2 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Downtown Phoenix had an average listing age of 112 days in Jan 2025, up by 39.2% compared to the previous year.
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Newest Listings in Downtown Phoenix, AZ
What homes are available in Downtown Phoenix, AZ?
New - 7 days on Rocket
$10,000 Closing Credit¹
#6811924, Joe Montalto, Listing Office: USELLSMART Real Estate
$10,000 Closing Credit¹
#6811324, Nicholas El-Tawil, Listing Office: T&T
$4,750 Closing Credit¹
#6811296, Nicholas El-Tawil, Listing Office: T&T
$4,750 Closing Credit¹
#6808093, Christine Gioia, Listing Office: Compass
$8,609 Closing Credit¹
#6809610, Jenna M Alexander, Listing Office: 50 STATES Realty
$6,411 Closing Credit¹
#6807774, Francisco Lerma, Listing Office: My Home Group Real Estate
$6,828 Closing Credit¹
#6806839, Christoph Hirota, Listing Office: Compass
$7,113 Closing Credit¹
#6806185, Ryan Buckley, Lori Cedarstrom, Listing Office: Coldwell Banker Realty
Backup offers
$7,125 Closing Credit¹
#6798620, Louise Riddle, Chelsea Ann Rusch, Listing Office: Compass
$7,351 Closing Credit¹
#6791526, Christopher Collier, Listing Office: Citiea
$5,343 Closing Credit¹
#6787223, Brandon Howe, Erin T Payne, Listing Office: Howe Realty
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MLS Disclaimers and Copyright
Based on information from Arizona Regional MLS, for the period 02/01/2023 - 02/01/2025
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/5/2025, 8:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.