1. Introduction: Summer Buzz Around Arizona Real Estate
As we hit the midpoint of 2025, the Arizona real estate conversation is heating up literally and figuratively. From Phoenix to Peoria, cautious buyers are asking the big questions: Are home prices in Arizona dropping? Is Arizona in a buyer’s or seller’s market? This guide is designed for prospective buyers—whether you’re local to Maricopa County or looking to relocate from out of state, who are weighing whether this summer is the right time to make a move.
2. What the Summer 2025 Data Says
Let’s get to the numbers.
In early 2025, Arizona’s home price growth slowed from the highs of 2021–2022. But are home prices in Arizona dropping? Not exactly. Prices have stabilized or cooled slightly in many parts of Maricopa County, especially for homes in the $400,000–$600,000 range. High inventory and longer DOM (days on market) are giving buyers more leverage than in recent years.
3. Buyer or Seller Market?
So is Arizona in a buyer's or seller's market this summer? While some cities remain balanced, most of Maricopa County is trending toward a buyer-friendly environment. Increased listings and moderate price drops in areas like Mesa, Avondale, and Buckeye are giving cautious buyers room to negotiate.
4. Mortgage Rates and Affordability in 2025
Should I buy a house now or wait until 2025? That was the question last year—and now that we’re here, rates are finally showing signs of stability after a volatile 2023–2024. In June 2025, mortgage rates have hovered around 6.25%–6.75%. While still higher than pandemic lows, they’re manageable for well-prepared buyers. Waiting could mean missing out on current inventory and motivated sellers.
5. Regional Breakdown: Where Prices Are Cooling
While Scottsdale and central Phoenix remain competitive, areas like Goodyear, Laveen, and Casa Grande are seeing cooling prices and more inventory. Wondering if Arizona is in a housing crisis? Not quite, but affordability challenges have led to more price reductions and flexible terms, especially on the outskirts of the metro area.
6. Spotlight on Affordability: Cheapest Cities in Maricopa County
What is the cheapest city in Arizona to buy a house? Within Maricopa County, buyers are finding value in cities like:
- Maricopa (the city): With newer developments and reasonable prices.
- Buckeye: Still affordable with strong growth potential.
- Apache Junction: Attractive for retirees and investors alike.
These areas also appeal to those searching for the most affordable cities to buy a house in Arizona or the cheapest places to retire in Arizona.
7. Weather, Lifestyle, and Value
Let’s talk about what part of Arizona does not get too hot. While most of Maricopa County sees triple-digit summers, areas at slightly higher elevations like Fountain Hills or parts of Cave Creek offer milder temps, scenic views, and access to outdoor recreation. Buyers focused on quality of life, amenities, and walkability may also find value in Tempe and Gilbert.
8. Why Local Expertise Matters
If you’re buying in 2025, you’ll need more than listings; you’ll need a guide. A knowledgeable agent in Maricopa County, AZ, can help you decode neighborhood comps, analyze appraisal gaps, and negotiate inspection credits in this shifting market. Don’t go it alone, especially when market conditions vary block by block.
9. Tips for Summer 2025 Homebuyers
- Get pre-approved before you shop: Sellers still want serious buyers.
- Look for price reductions: Many listings over 30 days old are negotiable.
- Ask about seller credits: Especially for rate buydowns or closing costs.
- Consider new builds: Incentives are strong in developments in Buckeye, Surprise, and Queen Creek.
- Explore creative financing: Some sellers are open to assumable loans or rate buy-downs.
10. Final Verdict: Is It Worth Buying Right Now?
Is it worth buying a house in Arizona right now? For many buyers, yes. While prices aren’t crashing, softening conditions, motivated sellers, and slightly improved affordability create a window of opportunity. If you’re ready, Summer 2025 might be your best chance to secure a home in a desirable Arizona market before interest rates or demand shift again.
Whether you’re buying locally in Arizona or making a move from out of state, navigating the Maricopa County housing market takes insight and experience. Loretta Sernowski is here to help you find the right home, the right neighborhood, and the right deal. Start your journey with a trusted local expert at connecting our continent.
