Is Phoenix, AZ 85008 a buyer’s or seller’s market?

The Phoenix housing market right now

In the three months ending August 31, 2026, 6% of homes in Phoenix, AZ 85008 sold above their list price, the typical home went under contract in 66 days and there were 6.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 66 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (6% then), homes sold about as fast and the median sale price fell 8% to $386,083. Overall, Phoenix is about as competitive as it was a year ago.

Within Maricopa County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell less often over asking than in 72%. On our competition score, Phoenix ranks #215 of 231 AZ ZIP codes with enough sales (score 11 out of 100).

Nearby, buyers who want less competition could look at Wickenburg 85390 (0% sold over asking) or Carefree 85377 (0% sold over asking), while Arlington 85322 (33% sold over asking) and Tolleson 85353 (32% sold over asking) are even more competitive.