06 Jan Northern Arizona Housing Market Update: Winter 2025/2026 Edition
Welcome to the Winter 2025-2026 (November 2025) housing market trends report for Northern Arizona. As we move into winter, the real estate situation in our area north of the desert is changing, presenting both challenges and opportunities. Based on data from Redfin, here’s a look at what’s happening in Flagstaff, Sedona, Prescott, and Lake Havasu City.
Flagstaff
Beneath the San Francisco Peaks, the median home price has fallen to $630K, which is a 15.3% decline from last year. Homes are now spending about 67 days on the market, up from 35 days a year ago. In November, only 51 homes sold, down from 64 last year. While prices are down and homes are taking longer to sell, some properties still receive multiple offers. This may be due to cautious buyer behavior, possibly influenced by economic uncertainties or seasonal factors. Still, desirable homes are often sold relatively quickly and close to their listing prices.
Prescott
Surrounding the Whiskey Row and the lakes of Prescott, the median home price has seen a slight rise to $594K, which is up 3.7% from last year. Homes are taking about 84 days to sell compared to 70 days last year, but November sales increased to 84 homes sold, up from 80 last year. Prescott remains popular, especially with retirees and individuals looking for a great lifestyle. While some homes are getting multiple offers, buyers have more leverage in negotiations, and many homes are selling for less than the asking prices.
Sedona
In the shadow of the red rocks, the median home price in Sedona is now $1.1M, down 6.9% from the previous year. Homes are on the market for around 72 days, which is shorter than last year’s 80 days. In November, 28 homes sold, an increase from 22 last year. Despite the price drop, Sedona still attracts buyers interested in luxury and natural beauty, resulting in several homes receiving multiple offers. The increase in sales volume shows that the market is adjusting to current prices, making it a bit more accessible.
Lake Havasu City
In this desert lake town, the median price here is now $431K, down 11.1% from last year. Homes generally sell after about 36 days on the market, slightly up from 34 days last year. In November, 114 homes were sold, a jump from 85 last year. The Lake Havasu market shows lower prices but also strong interest from buyers, likely due to its appeal as a vacation spot and retirement location. This area continues to be popular, balancing affordability with lifestyle benefits.
The Takeaway?
The Northern Arizona housing market in Winter 2025 shows a mix of trends. Flagstaff has seen a significant price drop, while Prescott has experienced a slight increase. Both Sedona and Lake Havasu City are facing declines in home prices. Homes are generally taking longer to sell, indicating a slowdown in sales. However, Prescott and Lake Havasu City are seeing rising sales volumes, while Flagstaff has taken a hit.
Despite these varied and sometimes confusing conditions, there are common threads: each one is seeing changes in how long it takes for homes to sell, signaling a market adjustment. Buyers and sellers will benefit from a smart, strategic approach—local knowledge is essential to navigate these changes.
If you need personalized insights or assistance with buying, selling, or investing in Northern Arizona real estate, contact The COLLINS TEAM at Realty ONE Group Mountain Desert. We are here to help you through this evolving housing market!