September 2025 STAT Report

The September 2025 Housing Market Report reflects a steady but cooling Arizona market. Active listings rose 3.4% month-over-month to 24,154, marking a 24% increase from last year as inventory continues to build. The average price per square foot climbed slightly to $301.73, while the median rose to $262.67, both modest gains over August but down from six months ago. Average and median sales prices posted small monthly increases, reaching $575,134 and $450,000, respectively, yet remain below early 2025 peaks. Market pace softened, with average days on market holding at 86 and median days at 65, both up over 20% year-over-year. Supply stayed level at 4.01 months as the absorption rate eased to 24.9%, pointing to slower buyer activity. Overall, September’s data suggests a market in balance, more listings, steadier prices, and buyers taking a cautious, calculated approach heading into fall.