Welcome to PhxCondosForSale.com, where our passion for condos shines through. So, let’s talk condos! Whether you’re eyeing a condo in Phoenix, Scottsdale, Tempe, or Surprise, you’re in the perfect spot. We’ve got the freshest January 2025 market stats, and they’re packed with insights. Whether you’re a buyer on the hunt for a great deal or a seller looking to capitalize on the market, here’s what you need to know—without the boring jargon.
Phoenix: More Choices, More Power to Buyers!
- Months’ Supply of Inventory: 7.42 (Translation: More condos, less competition for buyers)
- 12-Month Change in Inventory: +112% (Whoa, that’s a lot more options!)
- Median Days on Market: 69 (Condos are taking their sweet time to sell)
- Sold to List Price %: 97.7% (Sellers are still getting close to asking price)
- Median Sold Price: $321,000 (Affordable compared to Scottsdale, but not exactly cheap!)
What this means: If you’re a buyer, take your time—there are plenty of options. Sellers, you might need to price competitively or be ready to negotiate.
Scottsdale: High Prices, High Expectations
- Months Supply of Inventory: 8.02 (Even more choices for buyers!)
- 12-Month Change in Inventory: +87.38% (More condos = More buyer power)
- Median Days on Market: 64 (Not flying off the shelves, but moving steadily)
- Sold to List Price %: 97.6% (Sellers are holding firm on pricing)
- Median Sold Price: $597,500 (Luxury comes at a cost!)
What this means: Buyers, there’s more inventory, so you can be picky. Sellers, you’ll need patience—or some serious marketing power—to get top dollar.
Tempe: The Hot Spot Holding Strong
- Months Supply of Inventory: 4.88 (This one’s more balanced!)
- 12-Month Change in Inventory: +146.46% (Big increase, but still not flooding the market)
- Median Days on Market: 66 (Condos here aren’t sitting too long)
- Sold to List Price %: 98.2% (Sellers are getting close to asking price)
- Median Sold Price: $335,000 (A solid middle ground!)
What this means: Tempe remains a strong market. Buyers still have some negotiating power, but sellers are in a good spot too. It’s a fair fight!
Surprise: A Buyer’s Market with Room to Negotiate (Bonus Market!)
- Months Supply of Inventory: 8.54 (A lot of condos available!)
- 12-Month Change in Inventory: +63.92% (More condos than last year)
- Median Days on Market: 93 (condos are taking a while to sell)
- Sold to List Price %: 98.4% (Still close to asking price, but room to negotiate)
- Median Sold Price: $338,495 (Slightly higher than Tempe, but still reasonable)
What this means: Buyers, you’ve got the upper hand! With a high inventory and long days on market, sellers may be more willing to make a deal.
How to Play it?
In Phoenix, Scottsdale, Tempe, and Surprise, inventory is booming, giving buyers more options than ever. Tempe remains competitive, but in Phoenix and Scottsdale, there are more opportunities to negotiate. And Surprise? Well, that might just be the hidden gem for buyers looking for the best deals.
Sellers, if you want to sell quickly, price your condo right and make it stand out. Take advantage of our 1.75% commission fee. Buyers, you’re in a great position—leverage the extra inventory and negotiate wisely!
Stay tuned—we’ll be adding more cities in Maricopa and Pinal County soon, with a new market analysis each month. This month’s Bonus Market: Surprise! If you’re looking to buy or sell, let’s talk strategy!
🚀 Ready to make a move? Let’s chat!
AriZona Real Estate insider! 
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