Phoenix single-family home sales gain footing in Septembers climbed nearly 11% in September, a promising sign after a flat and dismal summer. The 10.8% rise over September 2024 topped a month of steady numbers and some bright spots for the residential real estate market, according to data from Phoenix REALTORS®.

“Closed sales were comfortably up last month compared to September last year,” said Christy Walker, board president of Phoenix REALTORS. “While this is an encouraging sign, the rebound we saw in September may slow this month as higher interest rates and the ongoing government shutdown weigh on activity.”

Year-to-date pending sales are holding steady, up just 0.2%. New listings continue to grow, up 8.9%, which brings a 19.4% increase in the inventory supply to 4.3 months, compared to 3.6 months in September last year.

In Greater Phoenix, the median sales price increased 1.1% in the first nine months of 2025 compared to the same period in 2024, now standing at $480,000. The median home price in September is lower than the March 2022 peak but remains close to the median home price of the last 30 months, with modest increases logged each month thus far in 2025.

The number of days a home is on the market has increased by 10 days to 74 for the year-to-date in 2025. The housing affordability index declined slightly, from 73 last year to 71 this year, a 2.7% decrease.

“With only a few months left in 2025, we’ve seen great progress from 2024’s market, even with the challenges we may see in the next month or so,” Walker said. “We’re optimistic that the market will continue to regain its footing and balance out as we head into 2026.”

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Phoenix

Pending and closed sales were close to flat in the City of Phoenix. Pending sales dipped 2.6%, while closed deals rose 1.7% in year-over-year data. The median price remained flat for September, rising only $1,000 to reach $486,000. That number has been relatively flat since late 2021, rising from a price skid in mid-2022.

Scottsdale

The median price of a Scottsdale home sale rose 3.5% to $1.19 million, up from a year-to-date $1.15 million last year. Pending sales dropped 2.1% and new listings moved up 3.7% with closed sales rising 4.4%.

Buckeye

In the far West Valley, Buckeye saw a 14.2% year-to-date rise in listings, pending sales increased by 2.2%, and closed deals remained flat, with a 0.8% decrease. The median price of a Buckeye home rose slightly by 1.3% to $408,990.

Goodyear

Nearby Goodyear had another banner month. Closed sales in the southwest Valley city rocketed up 29.4% compared to the same nine months last year. Pending sales shot up 25.5% and new listings climbed 17.3%. The median sales price was generally down 1.8% over last year to $475,897.

Chandler

In the East Valley, Chandler reported a flat median home price of $569,250, unchanged from the same period in 2024. New listings surged 12.5%, while pending sales increased by 1.7%. The median price for a single-family home in Chandler is holding steady at $569,250, down 0.1% from last year.

Queen Creek

There was an 8.2% rise in new listings in the southeast Valley town of Queen Creek, year-over-year, compared to 2024. Pending sales rose 3.3% and closed sales were up 5% over last year. The median price also rose slightly to $660,000 from last year’s $649,000.

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