Buyers and sellers, take note: the condo market across Metro Phoenix is walking a fine line between balance and competition. The data for May 2025 (information provided by ARMLS) shows we’re in a sweet spot—but with signs that change may be around the corner. Here’s a deep dive into what’s happening in Tempe, Scottsdale, Phoenix, and added bonus Glendale.
📈 Quick Look: Market Stats by City
| City | Months Supply | Days on Market | Sold-to-List % | Median Sold Price |
|---|---|---|---|---|
| Tempe | 5.38 | 42 | 0.97 | $387,000 |
| Scottsdale | 5.98 | 52 | 0.97 | $600,000 |
| Phoenix | 5.83 | 50 | 0.98 | $345,000 |
| Glendale | 6.58 | 46 | 0.99 | $282,250 |
📅 For Sellers:
- Sellers are still in a good position. Condos are selling within 42 to 52 days.
- Close to list price sales (97% to 99%) mean you don’t need to discount to get it sold.
- If you’re in Tempe, the market is heating up faster—buyers are moving quickly.
- Glendale sellers: Your condos are moving quickly and nearly at full price—don’t sleep on this opportunity.
🏡 For Buyers:
- The market isn’t a buyer’s market yet, but rising inventory levels mean more options.
- Glendale and Phoenix offer the most affordability, ideal for first-time buyers or investors.
- Be ready to act fast and bring strong offers, especially in Tempe where demand is slightly more aggressive. Summer brings a fresh wave of parents looking to secure a condo for their college-bound kids—so competition heats up fast.
- You won’t likely steal a deal, but you can still negotiate smartly with the right strategy.
📊 What the Inventory Trend Tells Us:
- All cities saw a slight increase in Months Supply of Inventory over the past year:
- Tempe: +0.52%
- Scottsdale: +0.06%
- Phoenix: +0.14%
- Glendale: +0.6%
This gradual rise suggests a shift toward neutrality. We’re not in a hot seller’s market anymore, but we’re also not cooling off enough to call it a buyer’s market.
🌍 Final Thoughts: Opportunity Lives in the Middle
The May 2025 numbers paint a picture of balance with an edge. Sellers benefit from quick closings and strong offers. Buyers get more options and time to think—but not too much time.
This might be the best window of opportunity before the summer market shift. Whether you’re buying or selling, now is the time to move with strategy.
Thinking of making a move? Let’s talk.
Need help analyzing your condo’s value or creating a game plan to buy smart? Visit PhxCondosForSale.com or drop me a message.
AriZona Real Estate insider! 
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