For Buyers, Sellers, Investors, Downsizers & Sun Devil Parents (Yes, Even You, Out-of-Staters)
Let’s break it down — whether you’re selling your condo, buying your first one, downsizing into a low-maintenance lifestyle, or relocating to Arizona from out of state (welcome, by the way 🌵), May 2025 brings a condo market that’s balanced, stable, and packed with opportunity.
We’re not in a buyer’s market. Not in a seller’s market. We’re sitting in a sweet spot — where smart moves and strategic timing can win the day.
Tempe: Sun Devil Central – Parents & Downsizers, Take Note 🎓
- Inventory: 5.38 months – balanced
- Median Sold Price: $387,000
- Condos Selling For: 97% of asking
- Median Days on Market: 42
Tempe condos are heating up as ASU parents get ready to lock in housing before fall. Whether you’re a parent buying a place for your student, a first-time buyer, or a downsizer who wants to be close to campus energy, Tempe offers walkability, light rail access, and solid resale value.
Inventory is up 52% from last year, meaning more options and a little breathing room. But with homes moving in just over 6 weeks, the good ones go quick. Parents — don’t wait for dorm assignments to disappear before making a move.
Scottsdale: Luxe Lifestyle Meets Steady Growth 🥂
- Inventory: 5.98 months – balanced
- Median Sold Price: $600,000
- Condos Selling For: 97% of asking
- Median Days on Market: 52
Scottsdale condos are ideal for out-of-state buyers trading snow for sunshine, and for downsizers who want lifestyle over lawn maintenance. You’ll find stylish units with mountain views, golf nearby, and easy access to Old Town.
It’s a higher price point, but you’re paying for location and amenities. If you’re relocating, this is a turnkey way to slip into the Scottsdale life without the fuss of a full home.
Phoenix: The Urban Core With Room to Breathe 🏙️
- Inventory: 5.83 months – balanced
- Median Sold Price: $345,000
- Condos Selling For: 98% of asking
- Median Days on Market: 50
Phoenix condos strike the right balance between affordability and accessibility. For investors, this is a price-friendly place to build your portfolio. For downsizing buyers, you can get a central, manageable space near restaurants, light rail, and everything downtown has to offer — without sacrificing convenience or comfort.
Homes are selling close to asking, and the 50-day market pace gives you just enough time to shop smart.
Bonus Market – Chandler: Quietly Competitive & Worth Watching 🧑💻
- Inventory: 6.9 months – balanced
- Median Sold Price: $395,000
- Condos Selling For: 99% of asking
- Median Days on Market: 51
Chandler might fly under the radar, but it’s a solid pick for tech professionals, remote workers, and relocating families looking for value. Think newer builds, walkable spots, and plenty of shopping and dining.
The near-full asking price shows buyers are serious, and sellers who prep right are getting results. Whether you’re scaling down or moving across the country, Chandler is a low-stress landing pad.
✨ The Takeaway
The condo market across Greater Phoenix is:
✅ Balanced and stable
✅ Full of smart opportunities
✅ Great for buyers who need space and time to think
✅ Attractive for sellers who price right
✅ Ideal for downsizers, investors, and relocators
This is not 2021 frenzy. It’s a more level market where preparation and planning beat rushing and bidding wars.
⚠️ Quick Note: Not all condos are created equal — some are on leased land, some land-owned, and some located in retirement-only subdivisions. That can affect financing, pricing, and long-term strategy. Reach out before you dive in — I’ll help you navigate the details like a pro.
Featured image – by Nils Huenerfuerst on Unsplash
AriZona Real Estate insider! 
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