Is Phoenix, AZ 85009 a buyer’s or seller’s market?

The Phoenix housing market right now

In the three months ending August 31, 2026, 17% of homes in Phoenix, AZ 85009 sold above their list price, the typical home went under contract in 45 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 43 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 19%, homes sold faster (51 days then) and the median sale price fell 8% to $303,869. Overall, Phoenix is about as competitive as it was a year ago.

Within Maricopa County, homes here sell faster than in 90% of the county’s ZIP codes, and sell more often over asking than in 79%. On our competition score, Phoenix ranks #91 of 231 AZ ZIP codes with enough sales (score 31 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.