South Phoenix and Laveen Market Update

Using the latest combined data, the area is showing a more buyer leaning winter profile with a split between neighborhoods that are holding value and neighborhoods that are softer.

Key snapshot

Active listings are now about 368 total, with about 327 active excluding UCB. Pending activity is about 70 and listings under contract are about 111, with roughly 97 sales per month combined. That mix supports a market that is moving, just more selectively.

Pace and absorption

Days on market for recent sales are running about 66 to 79 days, which is a normal winter pace for this area. Active listing days on market are higher, about 81 to 96 days, which reflects buyers taking longer to choose and sellers needing tighter pricing to convert showings into offers.

Supply and leverage

Months of supply is uneven across the combined market, ranging from about 2.7 to 5.0 months. That means some parts of South Phoenix and Laveen still feel balanced, while other parts have moved into clearly buyer leaning territory. This is where concessions and price precision matter most.

Pricing and appreciation

Pricing is also split. One segment is still posting positive year over year appreciation, around 3 percent on annual dollars per square foot and about 3 percent on annual median pricing, with annual median near 474K. The other segment is showing modest year over year declines, around 2 percent on annual dollars per square foot and about 3 to 4 percent on annual median pricing, with annual median near 386K.

Even with that split, sale to list ratios remain strong at roughly 98 to 99.5 percent, which is a good indicator that well priced homes are still closing close to asking.

What this means for spring

Winter typically brings slower absorption and more buyer leverage, often 3 to 5 percent softer pricing or more concessions. With one segment improving on supply and sales and the broader market still closing close to list price, this supports a stable setup heading into spring, especially for homes that are priced to the most recent closed comps and show well.