Flagstaff AZ Real Estate Market Update- May 2025

Flagstaff AZ Real Estate Market Data Provided by The Broaddus Properties Group Brokered by eXp Realty

Flagstaff May 2025 Market Update: Analyzing Active Listings, Pending Sales, and Median Prices

As we approach summer, Flagstaff’s real estate market offers both opportunities and challenges. With 109 homes listed for sale in May—a 13% decrease from May 2024—the market shows a slight cooling trend. However, the pending ratio remains 0.3%, indicating a slower pace of sales compared to previous months. The median sold price stands at $750,000, reflecting a steady market. Interestingly, the median days on market (DOM) has decreased to 60 days, signaling a slight increase in buyer demand.

The luxury market, which has seen rapid growth in recent years, is showing signs of slowing down. Homes priced in the $1.2M - $1.4M range are still selling relatively quickly, but higher-end properties are experiencing longer market times. This shift may be due to rising interest rates and economic uncertainty, leading to a more cautious approach among affluent buyers.

Flagstaff continues to be a desirable destination for retirees, drawn to the city's natural beauty and outdoor lifestyle. However, potential retirees should consider the higher cost of living, especially in real estate, before making a move.

In this report, we’ll dive deeper into these trends, providing insights to help both buyers and sellers navigate the evolving Flagstaff real estate market.

FLAGSTAFF HOME SALES

Existing-home sales: 0.8% increase -- seasonally adjusted annual rate of 4.03 million in May. Year-over-year, sales decreased by 0.7%. The Greater Flagstaff housing market experienced a 14.68% decrease in sales from the previous month, according to Northern Arizona MLS data. In May 2025, a total of 109 homes were sold, down from 125 in May 2024, reflecting a 13% year-over-year decrease. While this drop is noteworthy, it is consistent with a broader trend of moderation in Flagstaff's real estate market over recent years.

Looking at the data, we observe that sales in May 2025 are still above the pandemic low of 120 homes sold in May 2020, but well below the peak of 150 homes sold in May 2019. The 109 homes sold in May 2025 are closer to the numbers seen in May 2023 (114 homes), suggesting a slight cooling after the more active market conditions of 2021 and 2022, which saw 139 and 128 homes sold, respectively.

This pattern aligns with the broader national trends of affordability concerns and rising interest rates, which continue to influence buyer activity. Although sales are lower than previous years, the numbers are still higher than the lows of 2020, indicating a stabilizing market. However, they remain well below the more robust sales years of 2016-2019, which were characterized by higher levels of activity. This indicates a cautious pace in the current market, driven by various economic factors.

🏡 Buyer Tip:

With a slight dip in sales this year, buyers may find more room to negotiate. However, inventory is still limited, so be ready to act fast if you find the right property! 💡 Keep an eye on mortgage rates to lock in the best deal possible. 🏠

🏡 Seller Tip:

While home sales have decreased slightly, prices remain strong compared to pre-pandemic levels. If you're looking to sell, this could still be a great time—just make sure your listing is well-priced and marketed to attract potential buyers! 🌟 Pricing right will help your property stand out in the competitive market. 📈

💬 Overall:

Flagstaff’s market is stabilizing, but still offers opportunities for both buyers and sellers. Be informed and strategic!

FLAGSTAFF HOME SALES BY TYPE

• Single-Family Homes: Sales increased by 2.9%, rising from 70 to 72 homes sold. This shows a steady demand for single-family properties.

• Townhomes: Sales decreased by 26.1%, dropping from 23 to 17 homes sold. This indicates a decline in demand for townhomes, possibly due to shifting buyer preferences or limited inventory.

• Condos: Sales dropped by 54.5%, from 22 to 10 homes sold. This significant decrease suggests that condos might be facing reduced buyer interest or fewer available listings.

• Other Property Types: Sales remained unchanged at 10, showing no growth or decline in this category, possibly reflecting steady demand or niche interest in non-traditional properties.

In summary, while total sales decreased slightly year-over-year, the most notable declines were in townhomes and condos, suggesting a shift in buyer behavior. Single-family homes continue to be the preferred choice, and "Other" property types maintained consistent demand. 

*NAMLS Data as of 06/27/2025. Excludes Parks, Williams, & Other Areas

WHAT'S DRIVING THE MARKET?

"Home sales have been at 75% of normal or pre-pandemic activity for the past three years, even with seven million jobs added to the economy," "Increasing participation in the housing market will increase the mobility of the workforce and drive economic growth. If mortgage rates decrease in the second half of this year, expect home sales across the country to increase due to strong income growth, healthy inventory, and a record-high number of jobs."

said National Association of Realtors Chief Economist Lawrence Yun

The Institute for Luxury Home Marketing has established the luxury benchmark price for single-family homes in Flagstaff at: $975,000. The LUXURY BENCHMARK PRICE is the price point that marks the transition from traditional homes to luxury homes

• The single-family luxury market is a Balanced Market with a 17% Sales Ratio.

• Homes sold for a median of 98.72% of list price in May 2025.

• The most active price band is $975,000-$999,999, where the sales ratio is 56%.

• The median luxury sales price for single-family homes is $1,100,000.

• The median days on market for May 2025 was 79 days, up from 62 in May 2024.

📖 READ MORE ABOUT THE LUXURY MARKET REPORT FLAGSTAFF🔦

FLAGSTAFF HOUSING MARKET SUMMARY

📊 Curious about what’s happening in the Flagstaff housing market? Here’s a quick look:

Flagstaff Market Insights - May 2025 🏡

• Active Listings: Homes are on the market for a median of 45 days.

• Sold Homes: Median sold price is $750,000, with properties selling in 74 days on average.

• Recent Sales: The last 30 days saw a quicker 60-day median DOM, showing growing demand! 📉

Key Insight:
A lower DOM = seller's market, meaning homes are moving faster. 💨 If DOM is high, it’s a buyer’s market, with slower sales.

List-to-Sale Ratio: Homes are selling at 99.4% of their list price—buyers need to be competitive! 💥

Absorption Rate: It would take 5.4 months to sell all current listings—steady market. 📊

Takeaway:

With low DOM and high list-to-sale ratios, it’s a good time for sellers. Buyers should act fast! ⏳

📖DOWNLOAD THE FULL FLAGSTAFF MARKET REPORT HERE TO LEARN MORE 🔦

CHECK OUT OUR NEW LISTING

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APRIL 2025 SPOTLIGHT

FLAGSTAFF'S PRICIEST HOMES SOLD in MARCH

May's high-end real estate market showcased exceptional homes in Flagstaff’s most sought-after communities. Here are the top sales of the month:

🏡 Highest-Priced Single-Family Home

💰 $3,650,000 | 📍 220 - Pine Canyon

This 5,014 sqft, 5-bedroom, 4.5 bath mountain custom home sits on a quiet cul-de-sac, offering great privacy, and is the ideal escape for friends and family. This home is perfectly positioned at the edge of a serene pond surrounded by Aspens and Ponderosa Pines overlooking the 8th green and 9th tee box.

🏢 Highest-Priced Condo

💰$ 1,870,175| 📍 220 - Pine Canyon

From the private front courtyard to the inviting back deck, this home offers a variety of options for indoor/outdoor living. With a fireplace anchoring the great room and a central island in the gourmet kitchen, there is plenty of room to entertain family and friends.

🏢 Highest-Priced Townhome

💰 $2,230,000 | 📍220 - Pine Canyon

This exquisite 4-bedroom, 3.5-bathroom townhome offers 3,200 sqft of luxurious living space, nestled on the 12th fairway of Pine Canyon's renowned golf course. Designed for modern living, this home combines comfort, style, and breathtaking views. 

*NAMLS Data as of 06/26/2025. Excludes Parks, Williams, & Other Areas

THE MOST AFFORDABLE FLAGSTAFF HOMES SOLD in MARCH

Flagstaff’s real estate market isn’t just about luxury—May 2025 also saw great opportunities for budget-conscious buyers. Here are the most affordable sales of the month:

🏡 Lowest-Priced Single-Family Home

💰$275,000 | 📍 400 - Sunnyside

2-Bedroom, 1-Bathroom Sunnyside Home with 1 Car Garage.

🏢 Lowest-Priced Condo

💰 $335,000 | 📍  255 - University Heights

Situated close to NAU, this inviting upper-level 2-bedroom, 2-bathroom condo offers a stylish and functional living space. The open-concept design enhances the airy feel, while sleek tile flooring adds a touch of sophistication.

🏢 Lowest-Priced Townhome
💰$354,000 | 📍 440 - Christmas Tree

One of the best-maintained townhouses in Christmas Tree, and it backs to the Forest Service. If you are looking for a worry-free, low maintenance investment property in an awesome location...this would be the one.

*NAMLS Data as of 06/26/2025. Excludes Parks, Williams, & Other Areas

📩 Looking for an affordable home in Flagstaff? Search Affordable Homes Here

💡 Kelly Broaddus Featured on Realtor.com: How Lighting Can Help You Sell Faster

"We put the home back on the market, and it sold within one week at full price," Broaddus says, adding that lighting can make a "huge difference" in how a home shows."

💡TIPS AND ADVICE FOR HOME SELLERS

The market is shifting, and sellers who aren’t up to date are falling behind. But you don’t have to be one of them.

Today, nearly 1 in 5 homeowners are reducing their asking price to try to draw buyers back in. And that’s what happens when homes are priced based on last year’s headlines, not this year’s reality.

Because, in today’s market, if your asking price isn’t compelling, it’s not selling.

But homes priced right are still selling – and for top dollar – they just need a local agent’s expertise to hit that perfect number.

Let’s talk about what’s happening in your neighborhood, even if you’re not ready to sell today. This way, you’re always in the know when the timing is right for you.

📍 Curious how much equity you’ve built?
Let’s connect. You might be closer to your next move than you think.

💡TIPS AND ADVICE FOR HOME BUYERS

If you’re thinking about buying a home, but not sure if now’s the right time, here are three big reasons you may want to make your purchase this Summer.

Now that the market is starting to balance out, you’ll see more options, less pressure, and a better shot at negotiating price or repairs.

Sounds good, right? Want to talk more about what to expect if you move this season? DM me.

📲 Let’s connect to talk about how this could impact your goals—and how to time your move wisely.

📈 If you’d like to look at what’s available on the market, you can view the homes that are available in the Northern Arizona MLS right now:

Click here to see all Flagstaff homes for sale

Search Northern Arizona Homes For Sale

Sign up for free to receive our updates about coming soon properties and homes for sale not listed on the MLS. I can set up a customized search so you’ll get notified when new listings that meet your criteria hit the market.

If you’re curious about what your home is worth in today’s market, click the image below, then enter your address to instantly calculate your home’s value in today’s market based on recent Flagstaff home sales

Why Work With Broaddus Properties Group?

When you choose Broaddus Properties Group, you’re working with Northern Arizona’s top-performing real estate team led by award-winning agent Kelly Broaddus.

Kelly’s Latest Achievements

• #5 eXp Realty Top 250 Individual Agent 2023 (US).
• 2024 FastExpert Top Real Estate Agent in Flagstaff, Williams, and Arizona.
• Real Trends America's Best 2024:
  • #9 Individual Agent in Arizona (By Volume).
  • #21 Top Agent in Arizona (By Sides).
• Consistently an eXp Realty ICON Agent (2018–2024).

Proven Expertise and Results

• $64M in sales volume (2021) as Northern Arizona’s top-producing team.
• Recognized for superior negotiation and personalized service.

With Broaddus Properties Group, you gain a trusted partner with a track record of excellence.

📞 Call us at 888.446.5602 or 📧 email transactions@bpgteam.com to start your journey today!

Career Opportunities at Broaddus Properties Group

   $60K–$100K/year. Real estate dreams. Real opportunity.
We're looking for our next Showing Partner—are you it?

We’re hiring a Listing Agent to help us close millions in sales.
 $75,000–$125,000/year

   $125K problem. Are you the solution?
We need a Buyer's Agent ready to crush it in 2025.

 Love talking to people? Love making money even more?
Our Inside Sales Agent can pay $45K–$75K/year.

Explore More Real Estate Insights

Stay informed with our expert tips and market updates:

Your Next Move Starts Here

Whether you’re buying, selling, or exploring your options, we’re here to help. Contact us today at 888.446.5602 or email transactions@bpgteam.com to get started.

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