Is Phoenix, AZ 85034 a buyer’s or seller’s market?

The Phoenix housing market right now

In the three months ending August 31, 2026, 13% of homes in Phoenix, AZ 85034 sold above their list price, the typical home went under contract in 106 days and there were 6 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. With only 8 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (136 days then) and the median sale price fell 14% to $329,857. Overall, Phoenix is more competitive than a year ago, so tougher for buyers.

Within Maricopa County, homes here sell more slowly than in 94% of the county’s ZIP codes, and sell more often over asking than in 60%.

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.