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Cash-buying landscape in Phoenix
The Phoenix real estate market draws investors with its consistent housing stock, strong employment base, and vacation-worthy weather. Here’s what to know about the cash buying real estate landscape in Phoenix.
Under $700k market attracts cash in Phoenix
Cash buyers in Phoenix will care less about whether your home is a Spanish Mission, Pueblo Revival, or Ranch-style and instead are likely to focus on price point and location. Lisa Roberts, a seasoned real estate agent in the Scottsdale and Phoenix markets, is seeing a higher number of all-cash offers for properties priced under $700,000, and especially for homes under $450,000. “In the luxury market, as the price goes up, there are less buyers in general, which means less cash buyers, as well,” she explains.
Roberts is also seeing a bevy of investors who are involved in real estate investment trusts (REITs) coming in to scoop up lower-priced homes in the Phoenix area and surrounding communities like El Mirage, Chandler, Gilbert, and Mesa. “Generally, when the houses are under $500,000, we’re sure to see lots of cash buyers,” she says.
Population boom fuels Phoenix housing demand
Phoenix is a popular place for buyers to invest their cash, due in large part to healthy economic fundamentals and a booming population. Population estimates show that the city of Maricopa expanded to 81,103 residents in 2025, making it one of the fastest-growing cities in the nation.
Carving a reputation as more than just a retirement destination, Phoenix continues to attract residents (and homebuyers) for its expanding job opportunities in tech, manufacturing, and bioscience. Home prices have risen in lockstep with the city’s economy and job market; in July 2025, the average sales price for Arizona homes remained at $440,000, similar to the prior year, according to data from the Arizona Realtors MLS.
Landlord laws entice Phoenix cash buyers
Martin Boonzaayer, owner of a house-buying company in Phoenix and the surrounding area, points out that Arizona has historically been a “landlord-friendly” state. Traditionally, if a tenant doesn’t pay rent, a landlord in Arizona can start an eviction action in a short amount of time. “This is in contrast to some other states, where the process of evicting a non-paying tenant can sometimes take in excess of six months or even a year,” he says.
Phoenix is ‘ground zero’ for iBuying trend
When iBuyers (instant buyers) first came on the scene in the mid-2010s, Phoenix proved to be an attractive spot for their tech-focused approach to flipping houses. One report from ABC15 speaks to the homogeneous nature of Phoenix’s housing stock — not unlike the reliability of the region’s hot, dry weather — making it easier for companies digitizing the home-selling process to algorithmically value properties. Indeed, this particular type of cash buyer appreciates Phoenix’s relatively affordable housing and large number of new cookie-cutter developments, which satisfy their low-maintenance purchase criteria.
By 2024, Phoenix was already ranked the fifth-largest iBuyer market by share. iBuyers were claiming a slice of Phoenix real estate sales to the tune of a sizable 5.2% of market share, notes one analysis.
International buyers scooping up Phoenix real estate
According to a 2025 report from the National Association of Realtors, Arizona is one of the top destinations for international activity, with 5% of foreign buyers setting their eyes on Arizona. 56% of foreign buyers already reside in the U.S., and they typically purchase homes for a higher price of $494,400 compared to the $408,500 median purchase price for all U.S. existing homes sold.
