The Phenix City housing market is moderately competitive, showing steady demand with some signs of value adjustment. The median sale price is $239K, up 1.7% from last year, while the median price per square foot has declined 6.0% to $125, suggesting buyers are getting more space for their money. Homes sell for about 1.9% below list price and spend an average of 23.5 days on the market, indicating balanced activity. With 36 homes sold last month and minimal down payment requirements, the market remains accessible to buyers while offering stable conditions for sellers.

Phenix City is a somewhat competitive market where homes typically sell in about 24 days and average around 2% below list price. However, demand for desirable properties is stronger, as hot homes can attract multiple offers, sell for about 1% above list price, and go pending in as little as 6 days, highlighting buyer interest in well-priced and move-in-ready homes.

Phenix City, AL is a buyer's market in June 2025, meaning there are more homes available than there are buyers actively looking. This gives buyers greater negotiating power, as sellers may need to be more flexible on pricing or offer incentives to attract offers. Homes are spending more time on the market, and buyers have the advantage of choosing from a wider selection of properties, often with the potential to secure a home below list price. Sellers, on the other hand, may face increased competition and need to price their homes competitively to stand out.