Greater Phoenix Housing Market 2025: Why Resale Still Matters in a Market Full of New Construction

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 resale in the main area submarkets, city by city, with an honest assessment of 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 outperform “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 exhibits 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 still garner attention. Emphasizing unique features and ensuring move-in readiness can enhance appeal.

Glendale – Balanced Market

Glendale is 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 exhibits 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 aggressively pricing new homes, 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 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.