Phoenix’s once red-hot housing market is now cooling fast. Home values are slipping, sellers are cutting prices, and forecasts point to more weakness ahead. According to the data available on Reventure App, both Maricopa and Pinal counties are showing the same downtrend.
Buyers hold more power now, while sellers must adapt to a changing market. Let’s dive into the numbers and see where Phoenix is heading in 2025. Let’s explore Phoenix, AZ’s housing market in detail:
Phoenix, AZ’s Home Value Growth YoY Dropped to -3.5% in 2025
Phoenix home values slipped again in 2025. The year-over-year growth rate fell to -3.5%, according to the data available on Reventure App. This marks the second straight year of decline after the sharp drop of -9.4% in 2023.
Phoenix, AZ’s home value growth dropped to -3.5% in 2025. Access the home value YoY growth graph of the metro here. [Link]
The numbers show a clear cooling trend. From a peak of 27.1% in 2021, growth slowed to 9.6% in 2022, then fell into negative territory. The 2025 reading is small compared to past crashes, but it highlights a weaker market mood.
This shift follows years of volatility. Phoenix experienced significant growth in the early 2000s. A surge of 50.6% was recorded in 2005. That was followed by a steep -27.9% crash in 2008. The current decline is milder, yet it indicates reduced demand and affordability pressures in one of the hottest markets of the last decade.
Housing Market Trends in the Counties of Phoenix, AZ, in 2025
Maricopa County holds the largest share of the Phoenix housing market. The county recorded 15,548 homes for sale in 2025. Home values dropped -3.4% year over year, according to the data available on Reventure App. Price cuts were high, with 38.7% of listings seeing reductions. Homes stayed on the market for an average of 69 days. The county remains slightly overvalued at 13.3%, with a population of over 4.5 million.
The number of homes for sale in Maricopa County reached 15,548 in 2025. Access the above map here. [Link]
Pinal County showed similar cooling signs. Inventory stood at 2,592 homes in 2025. Home values fell -3.2% year over year. About 32.7% of listings faced price cuts. The average time to sell stretched to 71 days. Overvaluation is slightly higher here at 15.3%, though the population is much smaller at 484,239.
Together, these counties reveal a cooling market across the Phoenix metro. Both are in negative growth territory. Both show high price cut levels and longer selling times. The pressure of affordability and excess supply is clear.
Maricopa carries the larger scale, while Pinal reflects similar trends in a smaller market. The data suggests buyers hold more power now. Sellers must adjust expectations to match today’s weaker demand..
Phoenix, AZ’s Housing Market Predictions for 2025 – 2026
The forecast score for Phoenix fell to 31 out of 100 in 2025. This places the metro deep in a declining market, according to the data available on Reventure App. A declining market means reduced buyer demand, more sellers, longer days on market, and more price cuts. It also points to future home price declines.
Phoenix, AZ’s Home price forecast score reached 31/ 100 in 2025. Access the home price forecast score chart here. [Link]
This is a sharp change from past years when Phoenix was a hot sellers’ market. The score peaked at 81 in 2021 but has fallen every year since. With a reading well below 45, Phoenix is now expected to stay weak through 2026. Buyers may wait for further drops, while sellers face pressure to adjust prices. The next year looks set for more cooling, not recovery.
For buyers, sellers, and investors navigating Phoenix’s shifting market, timing and insight are everything. And for insights, you can get Reventure’s premium plan for just $49/month. It gives forecasts for state, metro, county, and ZIP code levels. You can track inventory, prices, value trends, and market strength. Plan to buy smart. Plan to sell well or just follow the market. Reventure gives you the local data you need to stay ahead.
