24 Jul Northern Arizona Housing Market Update: Summer 2025 Edition
Welcome to the Summer 2025 edition of our housing market trends report for Northern Arizona. As we move into the second half of 2025, the real estate landscape in our region continues to evolve, reflecting both the resilience and the challenges of the market. This data, courtesy of Redfin, provides a snapshot of the market dynamics in Flagstaff, Sedona, Prescott, and Lake Havasu City.
Flagstaff
Median Home Price: $689K, down 1.6% compared to last year.
Days on Market: 35 days, up from 20 days last year.
Sales Volume: 85 homes sold in June 2025, up from 71 last year.
Flagstaff’s housing market shows a slight decline in median home prices, coupled with a significant increase in the days homes spend on the market. Despite this, the sales volume has increased, suggesting a cautious but active buyer market. The extended time on the market indicates that buyers are taking their time to make decisions, possibly influenced by economic uncertainties or seasonal factors.
Prescott
Median Home Price: $567K, down 12.6% compared to last year.
Days on Market: 56 days, up from 45 days last year.
Sales Volume: 88 homes sold in June 2025, down from 94 last year.
Prescott continues to experience a notable decline in median home prices, with an increase in the time it takes to sell a home. The slight decrease in sales volume suggests a market that is adjusting to the lower price points. Buyers in Prescott have more negotiating power, which could be an opportunity for those looking to enter the market.
Sedona
Median Home Price: $1.2M, down 3.8% compared to last year.
Days on Market: 40 days, down from 43 days last year.
Sales Volume: 27 homes sold in June 2025, down from 28 last year.
Sedona’s market has seen a slight decrease in median home prices, but it remains one of the most expensive areas in Northern Arizona. The days on the market have decreased slightly, and the sales volume has remained relatively stable. This suggests a market that is still attractive to buyers despite the minor price correction.
Lake Havasu City
Median Home Price: $500K, up 3.1% compared to last year.
Days on Market: 51 days, up from 41 days last year.
Sales Volume: 110 homes sold in June 2025, down from 115 last year.
Lake Havasu City’s housing market shows a modest increase in median home prices, with an increase in the days homes spend on the market. The slight decrease in sales volume indicates a market that is adjusting to the higher price points. Despite these changes, Lake Havasu City remains a desirable location for buyers and sellers alike.
Overall Analysis
The Northern Arizona housing market in Summer 2025 presents a mixed picture. Flagstaff and Prescott have seen decreases in median home prices, while Lake Havasu City has experienced a modest increase. Sedona, despite a slight decline, remains at the higher end of the price spectrum. The days on the market have generally increased across all cities, suggesting a slight slowdown in sales velocity. Sales volumes have varied, with some cities like Flagstaff seeing an increase and others like Lake Havasu City experiencing a decrease.
Despite these differences, there are common threads: all cities have seen changes in the time it takes to sell a home, and there is a general trend of market adjustment. Buyers and sellers alike need to be strategic, leveraging local expertise to navigate these nuances.
For a more detailed analysis and hyper-local information, we invite you to reach out to The COLLINS TEAM at Realty ONE Group Mountain Desert. Our expertise and deep understanding of the Northern Arizona real estate market can help you make informed decisions whether you are buying, selling, or investing. Contact us today to stay ahead in the ever-changing housing market.