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Why Invest in a Second Home or Relocate to Flagstaff in 2025
Flagstaff, Arizona, continues to attract attention as a prime location for both second-home buyers and those seeking relocation. The city’s unique blend of natural beauty, vibrant community, and robust real estate market makes it an appealing choice.
Strong Home Price Appreciation
In 2024, Flagstaff’s real estate market demonstrated significant growth. The median sale price of homes reached $738,668 in January 2025, marking a 13.6% increase from the previous year. This upward trend indicates a healthy appreciation in property values, benefiting homeowners and investors alike.
Inventory Trends
The housing inventory in Flagstaff has experienced fluctuations, impacting market dynamics. In November 2024, there were 415 active listings, a 10% decrease from the previous month, suggesting a tightening market. By January 2025, the number of homes for sale slightly decreased to 344, a 2% drop from December 2024. This limited inventory, coupled with rising demand, contributes to the appreciation of home values.
Market Competitiveness
Flagstaff’s housing market remains somewhat competitive. Homes typically sell after 61 days on the market, compared to 48 days the previous year. In January 2025, 54 homes were sold, up from 45 in January 2024, indicating sustained buyer interest.
Diverse Housing Options
The market offers a range of properties to suit various needs. In Q3 2024, the average price per square foot for single-family homes was $434.76, reflecting a slight increase from the previous year. This diversity allows buyers to find homes that align with their preferences and investment goals.
Conclusion
Flagstaff’s real estate market in 2024 showcased robust growth, with rising home prices and a dynamic inventory landscape. These factors, combined with the city’s natural attractions and quality of life, make it an excellent choice for purchasing a second home or relocating in 2025.
