The Downtown Phoenix housing market is not very competitive. The median sale price of a home in Downtown Phoenix was $578K last month, up 15.7% since last year. The median sale price per square foot in Downtown Phoenix is $376, down 7.2% since last year.
What is the housing market like in Downtown Phoenix today?
In January 2025, Downtown Phoenix home prices were up 15.7% compared to last year, selling for a median price of $578K. On average, homes in Downtown Phoenix sell after 118 days on the market compared to 68 days last year. There were 16 homes sold in January this year, up from 11 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$577,500
+15.7% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Downtown Phoenix, AZ
$577,500
+15.7%
United States
To compare other locations to the Downtown Phoenix and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Phoenix add value to a home.
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How hot is the Downtown Phoenix housing market?
Downtown Phoenix is not very competitive. Homes sell in 98 days.
0
100
26
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Multiple offers are rare.
The average homes sell for about 3% below list price and go pending in around 98 days.
Hot homes
can sell for around list price and go pending in around 53 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Phoenix housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Phoenix.
Flood Factor - Minor
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Phoenix has a minor risk of flooding. 0 properties in Downtown Phoenix are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in Downtown Phoenix. Flood risk is increasing faster than the national average.
Downtown Phoenix has minimal risk of severe winds over the next 30 years
Wind Factor
Downtown Phoenix has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
99% of properties are at extreme
risk of heat over the next 30 years
Heat Factor
Downtown Phoenix has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Downtown Phoenix have an Extreme Heat Factor®.
Downtown Phoenix is expected to see a 157% increase in the number of days over 112ºF over the next 30 years. Downtown Phoenix is expected to experience 7