{"id":401550,"date":"2025-11-24T15:16:16","date_gmt":"2025-11-24T15:16:16","guid":{"rendered":"https:\/\/www.europesays.com\/us\/401550\/"},"modified":"2025-11-24T15:16:16","modified_gmt":"2025-11-24T15:16:16","slug":"nearly-all-phoenix-homes-lost-value-in-2025-report-says","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/401550\/","title":{"rendered":"Nearly all Phoenix homes lost value in 2025, report says"},"content":{"rendered":"

\t\t\t\t\"downtown
\n\t\t\t\t\t\tDowntown Phoenix at dusk.\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Dreamframer\/Getty Images<\/p>\n

If you bought a home before the pandemic hit, you probably have spent the last several years tracking your home value with varying levels of glee. After COVID-19 hit, housing prices seemed to go only up, up, up. And that meant tens of thousands of dollars in potential profit \u2014 if you could afford to buy a new home<\/a> after selling your current one.<\/p>\n

Though it was great for sellers (and absolutely brutal for buyers<\/a>), the housing market has come back to earth since then. Now, according to a report from Zillow<\/a>, the vast majority of homes in the Phoenix metropolitan area actually lost value over the last year. Specifically, 86.9% of homes in the Phoenix area have decreased in value from November 2024 to October 2025. That\u2019s fourth-most of any major metro area in the country, just ahead of Dallas (86.7%) and behind Denver (91%), Austin (89%) and Sacramento (88%).<\/p>\n

Nationally, 53% of homes have lost value in the past year, the most since the housing market bottomed out after the recession more than a decade ago. The South and West have been hit particularly hard, Zillow\u2019s report showed. In Arizona, the only communities tracked by Zillow that didn\u2019t see the majority of homes lose value were Nogales (43.9%) and Safford (36%).<\/p>\n

By comparison, a year ago, only 16% of homes had lost value across the U.S. Here\u2019s a look at how many homes were losing value in 2024:<\/p>\n

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\"a<\/p>\n

And here\u2019s what it looked like as of October 2025:<\/p>\n

\"a<\/p>\n

Just because there was a dip, though, doesn\u2019t mean disaster is looming. \u201cIt\u2019s important to consider that the peak for most homes was fairly recent,\u201d Zillow\u2019s report reads, going on to add that \u201cmost homes were\u00a0purchased\u00a0well before this and for quite a bit less. That means the majority of owners are still sitting on sizable gains.\u201d Most Phoenix homes losing value doesn\u2019t isn\u2019t the same as those homes now being worth less than their original sale price.<\/p>\n

Zillow has data on that, too. \u201cIn September, 5.9% of homes were valued lower than the last time they sold,\u201d the report reads. \u201cThis share is rising quickly, up from 2.8% last year, but is still lower than the 7.9% of homes in the same position before the pandemic.\u201d In this sense, the Phoenix housing market doesn\u2019t look so dire. Only 2.2% of homes sold in 2025 have gone for less than what sellers paid for them in the first place. In 2019, before the pandemic supercharged the housing market, that number was 3.4%.<\/p>\n

By contrast, Austin \u2014 which has a similar number of homes losing value as Phoenix \u2014 has seen 11.9% of homes sell for a loss.<\/p>\n

\u201cThough a cooling labor market and high prices continue to challenge household budgets, for now most homeowners are well able to weather short-term financial turbulence,\u201d the Zillow report says. \u201cThose who either bought or refinanced at historically low mortgage rates have stable, low payments and most home owners have significant equity amassed in their homes.\u201d<\/p>\n

So, while it still may be rough out there for those looking to buy a home, you\u2019re still probably in the catbird seat if you bought one before 2020. Even if your home\u2019s value has recently taken a little dip.<\/p>\n","protected":false},"excerpt":{"rendered":"Downtown Phoenix at dusk. Dreamframer\/Getty Images If you bought a home before the pandemic hit, you probably have…\n","protected":false},"author":3,"featured_media":401551,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5131],"tags":[5229,5643,1587,7065,1589,4329,67,586,132,5230,68,2969],"class_list":{"0":"post-401550","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-phoenix","8":"tag-america","9":"tag-arizona","10":"tag-az","11":"tag-housing","12":"tag-phoenix","13":"tag-real-estate","14":"tag-united-states","15":"tag-united-states-of-america","16":"tag-unitedstates","17":"tag-unitedstatesofamerica","18":"tag-us","19":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115605340536715398","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/401550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=401550"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/401550\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/401551"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=401550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=401550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=401550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}