Greater Phoenix Housing Market 2025: Why Resale Still Matters in a Market Teeming With New Construction
In a market flooded with new construction, many buyers still find themselves drawn to the character, comfort, and convenience of resale homes. The choice isn’t always easy—but it’s one that defines today’s Phoenix housing landscape.
There’s no question: new construction is everywhere across the Phoenix metro area. Builders have been on a tear, adding thousands of homes in communities from Buckeye to San Tan Valley. With incentives like mortgage rate buydowns and brand-new finishes, it’s no surprise these homes are attracting attention.
But that’s only half the story.
This post focuses on the resale market—the homes already standing in established neighborhoods, lived in and loved. If you're a homeowner thinking about selling, or a buyer considering your options, you need to understand how resale fits into the current market landscape.
Unless otherwise noted, all market descriptions below reflect resale conditions. While new builds are shaping overall supply and buyer behavior, resale homes remain a critical—and often preferred—part of the market.
What’s Happening in the Resale Market?
With inventory rising across the board, resale homes face a more competitive environment. Buyers are taking their time, comparing new builds to resale homes, and often negotiating harder.
But that doesn’t mean resale homes are sitting idle. In fact, homes that are priced right, show well, and offer the convenience of a move-in-ready lifestyle are still moving—and in some areas, they’re moving fast.
Let’s take a closer look at what’s happening in resale in the main area submarkets, city by city, with an honest take on where sellers stand and how buyers think.
Resale Market Conditions by City
Casa Grande – Buyer’s Market
Luxury new construction is on the rise here, but resale homes are still in demand, especially in finished neighborhoods or near downtown.
4-bedroom inventory growth: +7.7% (monthly)
New build DOM: 98 days
Resale DOM: 66 days
Luxury segment (5+ bedrooms): Expanding quickly
Seller opportunity: Move-in ready resale homes with curb appeal and efficient layouts are outperforming “just framed” new builds.
Chandler – Balanced Market, Leaning Buyer
Chandler remains one of the more stable resale markets in the Valley. While buyers are gaining some ground, well-maintained homes are selling steadily.
Median list price: ~$675K
DOM: ~55–65 days, depending on neighborhood
Buyer activity: Strong in school zones and near tech employment centers
Seller opportunity: Updated, clean homes in desirable school districts still command near-asking prices.
Gilbert – Balanced Market
Gilbert's resale market is exhibiting signs of stabilization, with a slight lean towards buyers. While home prices have experienced modest fluctuations, the area continues to attract interest due to its family-friendly environment and strong community amenities.
Median sale price: $572,167
Median days on market: 47 days
Price per square foot: $287
Seller opportunity: Homes that are well-maintained and priced appropriately are still garnering attention. Emphasizing unique features and ensuring move-in readiness can enhance appeal.
Glendale – Balanced Market
Glendale sits in a stable zone, with a wide price spread and steady buyer activity—especially in affordable segments.
Median list price: $495,000
DOM: 71 average / 42 median
Price per sq ft: $258
Homes <$400K: DOM = 35 days
Seller opportunity: Affordable resale homes are moving quickly. Homes above $700K benefit from enhanced marketing and standout features.
Goodyear – Balanced Market
Goodyear's resale market is exhibiting signs of stabilization, with a slight lean towards buyers. While home prices have experienced modest fluctuations, the area continues to attract interest due to its family-friendly environment and strong community amenities.
Median list price: $518,200
Median sale price: $480,016
Median days on market: 54 days
Price per square foot: $234
Seller opportunity: Homes that are well-maintained and priced appropriately still garner attention. Emphasizing unique features and ensuring move-in readiness can enhance appeal.
Maricopa (City) – Buyer’s Market
Like Casa Grande, Maricopa is adding homes quickly—but resale remains attractive to those who want space, speed, and value.
Median list price: ~$420K
DOM: 60–70+ depending on upgrades
1,300+ homes: In the new build pipeline
Buyer behavior: Value-focused, comparing lot size, build quality, and timelines
Seller opportunity: Well-kept homes near shopping, schools, and parks are still turning heads—especially when priced right.
Mesa – Balanced Market, Leaning Buyer
Mesa’s growth is being absorbed gradually. Resale homes, particularly in central and southeast Mesa, are still seeing consistent interest.
Median list price: ~$525K
DOM: Mid-60s
High-performing segments: Updated homes under $500K or near light rail/amenities
Seller opportunity: Properties with improvements and smart pricing continue to move well.
Peoria – Buyer’s Market
Buyers in Peoria are more deliberate, especially in higher price points. The market is slower-paced, but not stagnant.
Median list price: $689,999
DOM: 84 average
Price per sq ft: $278
$1M+ homes: DOM = 52 days
$500K–$700K homes: DOM = 42–63 days
Market Action Index: 33
Seller opportunity: Homes under $700K with strong curb appeal and updated interiors are most competitive.
Phoenix (Core) – Buyer’s Market
Resale homes in central Phoenix remain attractive for buyers who want location, history, and lifestyle over brand-new finishes. Mid-price and historic districts are still seeing strong interest.
Median list price: Varies widely by neighborhood
DOM: 62
Perceived value: Location and character still outweigh builder perks for many buyers
Seller opportunity: Highlight charm, walkability, and recent updates to compete against new construction in outer areas.
Queen Creek – Buyer’s Market
New builds are flooding the market, but resale homes with larger lots and ready-to-use outdoor spaces still draw buyer interest.
Median list price: ~$620K
DOM: Resale = 86 days | New builds = 49 days
Price advantage: Resale homes often offer more square footage and outdoor upgrades
Seller opportunity: Emphasize space, privacy, and no construction disruptions.
San Tan Valley – Buyer’s Market
Builders are pricing new homes aggressively, which puts pressure on resale sellers—but not all buyers want to wait or compromise on upgrades.
Median list price: $416K
DOM: Mid-80s
Soleo development: 1,400+ new homes starting in mid-$400Ks
Inventory growth: Ongoing, fueled by new supply
Seller opportunity: Quick move-in, mature landscaping, and custom features make resale a serious contender.
Scottsdale – Buyer’s Market
Luxury resale listings in Scottsdale face significant competition from newer builds and shifting buyer expectations. While some properties are seeing steep price cuts, unique homes in prime locations still hold appeal.
Median list price: $1.45M
Average days on market (DOM): 118
High-end resale listings: Some price reductions exceed 50%
Competitive edge: Larger lots, privacy, and location in mature communities
Seller opportunity: With thoughtful pricing and high-quality presentation, resale homes with character and upgrades are still moving.
Surprise – Buyer’s Market
Inventory is rising, and buyers have time and leverage in Surprise. However, the resale pace has slowed as builders continue to expand the area's supply.
Median list price: $552,945
DOM: 94 average / 49 median
Price per sq ft: $236
Seller opportunity: Competitive pricing, polished presentation, and quick availability can still catch buyers’ attention.
Why Buyers Still Choose Resale Homes
Even with all the buzz around new construction, resale has its strengths:
Established communities: sidewalks, trees, and neighbors already in place.
Larger lots and often lower HOA fees.
Faster closings, no waiting on construction.
Upgrades already done, like pools, landscaping, storage, or solar.
And not every buyer wants to live in a neighborhood under construction or gamble on future development.
What Sellers Should Know Right Now
You’re not out of the game. You’re just playing under new rules.
Price realistically—based on what’s happening now, not last year
Prep the home—staging, paint, and curb appeal go a long way
Make it easy for buyers—fast availability, flexible terms, concessions if needed
Focus on value—what do you offer that’s hard to get in a new build?
What Buyers Should Know
If you’re buying:
You can negotiate more than you could last year.
You can often close faster than on new construction.
You may find better long-term value in a home with upgrades already done.
Take your time, compare apples to apples, and don’t overlook what makes resale homes special.
Final Word
This market is evolving, but resale homes still play a central role. Whether you’re selling in Queen Creek, buying in Glendale, or just wondering about your options, understanding local dynamics is key.
New construction might be grabbing headlines, but many buyers still find the best fit, best location, and best lifestyle in resale homes.
If you're thinking of selling, or ready to find a place to call home, I’m here to help you navigate it all.
—
Ethan Wolvek, REALTOR®
Helping real people navigate real markets.