Flagstaff AZ Real Estate Market Data Provided by The Broaddus Properties Group Brokered by eXp / by Ella Vilchez
Flagstaff Real Estate Trends – January 2025: What Buyers & Sellers Need to Know
Flagstaff's real estate market presents a unique landscape as the new year unfolds. With only one pending sale amidst 162 active listings, the pending ratio stands at a mere 0.6%, signaling a slower market pace. Interestingly, the sole pending sale is in the $2.8 million-plus range, while the $800K to $1 million bracket boasts the highest inventory with 49 properties. Over the past six months, the median sold price was $750,000, with homes in the $600K to $800K range being the most popular among buyers. As properties linger on the market longer, with a median of 59 days for active listings, sellers may need to adjust strategies to attract qualified buyers.
In other news, January 2025 in Flagstaff is brimming with community events. The Downtown Calendar of Events features activities like karaoke nights at Yucca North, yoga sessions at Dark Sky Brewing Co., and the 15th Annual BrewHaHa at the Orpheum Theater on January 25th. These events offer residents and visitors opportunities to engage with the community and enjoy Flagstaff's vibrant culture.
FLAGSTAFF HOME SALES
Existing-home sales fell 4.9% month-over-month to a seasonally adjusted rate of 4.08 million in January 2025. Year-over-year, sales improved 2.0%. While the Greater Flagstaff housing market saw a 24.04% drop in sales from the previous month, according to Northern Arizona MLS data. However, January 2025 showed a solid rebound with 79 homes sold—a jump from 55 sales in January 2024 but still trailing the decade-high of 96 homes in 2022. This highlights the market’s fluctuating nature over the years. While sales remain below the peak, they’ve climbed well above past lows, including the 43 homes sold in 2023, signaling potential stabilization.
🏡 Buyer Tip:
With fluctuating sales and potential stabilization, this could be a great time to explore options before competition heats up. Consider locking in a deal while inventory is available!
🏡 Seller Tip:
With sales trending upward from previous lows, strategic pricing and strong marketing will be key. Highlight your home’s unique features to stand out in the current market!
FLAGSTAFF HOME SALES BY TYPE
The January 2025 Flagstaff home sales data highlights notable changes across property types compared to January 2024:
- Single-family homes saw a significant 81.5% increase, rising from 27 to 49 sales, indicating strong buyer demand.
- Townhome sales surged by 63.6%, jumping from 11 to 18 sales, suggesting increased interest in multi-unit living.
- Condo sales declined sharply by 66.7%, dropping from 9 to just 3 sales, possibly due to shifting buyer preferences or market conditions.
- The "Others" category saw a 12.5% increase, moving from 8 to 9 sales, reflecting a stable but modest growth trend.
*NAMLS Data as of 02/21/2025. Excludes Parks, Williams, & Other Areas
📊 Buyer Tip:
If you're eyeing single-family homes or townhomes, act fast—these segments are seeing rapid growth and increased competition.
📊 Seller Tip:
Condo owners may need competitive pricing and strategic marketing to attract buyers in a cooling segment.
WHAT'S DRIVING THE MARKET?
"Mortgage rates have refused to budge for several months despite multiple rounds of short-term interest rate cuts by the Federal Reserve. When combined with elevated home prices, housing affordability remains a major challenge."
said National Association of Realtors Chief Economist Lawrence Yun
KEY MARKET HIGHLIGHTS OF JANUARY 2025
- Home Sales Surge: 79 homes sold, up 16.46% year-over-year.
- Median Home Price: $743,000, a 1.08% increase from January 2024.
- Mortgage rates: According to Bankrate.com, the current average interest rate for a 30-year fixed mortgage is 6.93%, decreasing 4 basis points over the last seven days. If you're looking to refinance your current mortgage, the national interest rate for a 30-year fixed refinance is 6.94%, rising 1 basis point compared to this time last week.
- Days on Market (DOM): 561 Days. This thoughtfully designed 1,921 sq ft residence features 3 BD and 2 BA. The property also includes two large turnout areas, one featuring a competition dressage arena, and a jumping arena.
- Luxury Market: 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 Flagstaff single-family luxury market is a Buyer's Market with a 30% Sales Ratio.
- Homes sold for a median of 94.72% of list price in January 2025.
- The most active price bands are $1,700,000-$1,899,999 and $1,900,000-$2,099,999, where the sales
- ratio is 100%.
- The median luxury sales price for single-family homes is $1,550,000.
- The median days on market for January 2025 was 115 days, up from 99 in January 2024.
📖 READ MORE ABOUT THE LUXURY MARKET REPORT FLAGSTAFF🔦
FLAGSTAFF HOUSING MARKET SUMMARY
Market Trends & Insights
- Days on Market (DOM): Active listings have a median 59 days on market, while sold properties in the last six months had a median 75 days on market with a median sale price of $750,000.
- Recent Sales Data: In the past 30 days, the median sale price was $743,000, but properties stayed on the market longer (110 days), signaling a slight slowdown in demand.
- List-to-Sale Ratio: Homes are selling at 98.7% of their final list price, indicating a strong market with minimal price reductions.
- Absorption Rate: Inventory sits at 2.0 months, meaning if no new listings appeared, it would take about 2 months to sell all available homes.
📉Buyer Tip:
With longer days on market, negotiation opportunities may increase, especially for higher-priced homes. However, demand for affordable homes remains high, so buyers should be prepared to act fast in that segment.
📈Seller Insight:
The market remains competitive, but proper pricing and marketing are key. Homes in the $0K - $200K price range are selling the fastest, so pricing strategies should align with current demand trends.
📖DOWNLOAD THE FULL FLAGSTAFF MARKET REPORT HERE TO LEARN MORE 🔦
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JANUARY 2025 SPOTLIGHT
FLAGSTAFF'S PRICIEST HOMES SOLD in JANUARY
January’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
💰 $2,900,000 | 📍 Pine Canyon
A stunning estate offering breathtaking views of a nearby lake, the 11th hole, and surrounding mountains. This meticulously crafted home features dual primary suites, two additional bedrooms, a spacious loft, and a gourmet kitchen with Wolf & Sub-Zero appliances. Hickory floors, stone fireplaces, and art niches add to its rustic elegance—an ultimate mountain retreat.
🏢 Highest-Priced Condo
💰 $850,000 | 📍 Flagstaff Town
Located in the heart of historic downtown, this rare 3-bedroom, 2-bath condo boasts unmatched views from two covered decks. Enjoy a rooftop patio with BBQs and panoramic stargazing in America’s first dark sky city. Never occupied, this condo offers secure garage parking and a prime location for enjoying all four seasons.
🏘 Highest-Priced Townhome
💰 $897,000 | 📍 Switzer Mesa
This luxury corner-lot townhome features floor-to-ceiling mountain views through a custom 10' window, vaulted ceilings, and elegant marble countertops. The main-level primary suite includes a 6' electric fireplace, while a second en-suite bedroom opens to a private deck. Oversized garage, built-in workspace, and direct access to the Flagstaff Urban Trail System make this home both scenic and functional.
*NAMLS Data as of 02/21/2025. Excludes Parks, Williams, & Other Areas
THE MOST AFFORDABLE FLAGSTAFF HOMES SOLD in JANUARY
Flagstaff’s real estate market isn’t just about luxury—January 2025 also saw great opportunities for budget-conscious buyers. Here are the most affordable sales of the month:
🏡 Lowest-Priced Single-Family Home
💰 $90,000 | 📍 Other NorthWest City
A charming 3-bed, 2-bath mobile home nestled in the pines, featuring recent updates including a new roof, siding, flooring, and countertops. Located in Hidden Hollow Park, buyers must obtain park approval before purchase.
🏢 Lowest-Priced Condo
💰 $296,500 | 📍 Woodlands Area
This move-in-ready 2nd-floor condo in The Arbors offers vaulted ceilings, natural light, and a private covered deck. Conveniently located near NAU, shopping, and dining, with community amenities including a clubhouse, fitness center, and hot tub. A great option for first-time buyers, investors, or a summer retreat.
🏘 Lowest-Priced Townhome
💰 $370,000 | 📍 Christmas Tree
A well-located 2-bed, 2.5-bath townhome featuring an open kitchen-living space on the main level and dual primary suites upstairs. Just a short walk to trails, public transportation, grocery stores, and schools.
*NAMLS Data as of 02/21/2025. Excludes Parks, Williams, & Other Areas
📩 Looking for an affordable home in Flagstaff? Search Affordable Homes Here
💡TIPS AND ADVICE FOR HOME SELLERS
With more homes hitting the market and buyers becoming increasingly selective, making strategic updates before selling is more important than ever. But how do you determine which improvements are truly worth the investment? That’s where a knowledgeable real estate agent comes in.
An experienced agent can provide valuable insight into what today’s buyers are looking for, suggest quick and impactful upgrades, and guide you toward projects that offer the best return on investment.
As spring approaches and the market gears up for its busiest season, now is the perfect time to prepare. What home improvement projects are on your to-do list before listing? Let’s connect and ensure your efforts are focused on the updates that will make the biggest difference! 🏡✨
💡TIPS AND ADVICE FOR HOME BUYERS
If you’re on the fence about whether to buy a home now or wait until spring, consider this: buying before the spring rush could be a game-changing move. Winter homebuyers often find themselves with significant advantages—less competition, more negotiating power, and potentially lower prices. By making your move now, you could stay ahead of the curve and beat the crowds when the market heats up in the coming months.
If you’re ready to tackle your homebuying plans this year, let’s connect and explore how we can make it happen. The winter market might just be the opportunity you’ve been waiting for.
📈 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:
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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 kelly.broaddus@exprealty.com to start your journey today!
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