Is Phoenix, AZ 85039 a buyer’s or seller’s market?
Phoenix is a seller’s market. With about 3.7 months of supply and 18% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 39% of U.S. ZIP codes, and #36 of 231 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Phoenix housing market right now
In the three months ending August 31, 2026, 18% of homes in Phoenix, AZ 85039 sold above their list price, the typical home went under contract in 76 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 39 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 15%, homes sold more slowly (56 days then) and the median sale price rose 5% to $437,556. Overall, Phoenix is about as competitive as it was a year ago.
On our competition score, Phoenix ranks #36 of 231 AZ ZIP codes with enough sales (score 40 out of 100).
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Where Phoenix is
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Questions about Phoenix real estate
Is Phoenix a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Phoenix, AZ 85039 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Phoenix?
The typical home went under contract in 76 days in the latest three months.
Do homes in Phoenix sell over asking?
18% of homes sold above their original list price, and the typical sale closed at 99.3% of the list price.
What is the median home price in Phoenix?
The median sale price was $437,556 in the three months ending August 31, 2026, about $221 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology