November 2025 Greater Phoenix Housing Market Snapshot
Maricopa & Pinal Counties
The November 2025 data provides a clear, focused snapshot of where the Greater Phoenix housing market stands as we approach year-end. Both the sales and rental markets continue to show elevated inventory levels compared to last year, alongside moderate pricing pressure and longer marketing times.
Sales Market – November 2025
- Active Listings:
21,417 homes, representing a 9.9% increase year-over-year. Buyers continue to have more options than they did at this time last year. - Median Sold Price per Square Foot:
$253.40, which is a 2.4% decrease year-over-year. Pricing remains relatively stable but is slightly lower than last year on a per-square-foot basis. - Average Days on Market:
58 days, up 13.7% year-over-year, indicating homes are taking longer to sell compared to November 2024. - 30-Year Mortgage Rate (as reflected in the dataset):
Approximately 6.32%.
Rental Market – November 2025
- Active Rental Listings:
6,070 units, a 14.3% increase year-over-year, giving renters more choice across the market. - Median Rented Price per Square Foot:
$1.30, reflecting a 1.5% decrease year-over-year. - Median Days on Market (Rentals):
42 days, which is 7.7% higher year-over-year, signaling slower lease-up times than last year.
November Takeaway
Based solely on November 2025 data:
- Inventory remains elevated on both the sales and rental sides.
- Prices per square foot are modestly lower than last year.
- Homes and rentals are taking longer to secure buyers and tenants.
These conditions point to a market that continues to favor patience, strong pricing strategy, and well-positioned properties as we move toward the close of 2025.