Is Phoenix, AZ 85051 a buyer’s or seller’s market?

The Phoenix housing market right now

In the three months ending August 31, 2026, 24% of homes in Phoenix, AZ 85051 sold above their list price, the typical home went under contract in 41 days and there were 3.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 93 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 20%, homes sold faster (63 days then) and the median sale price held steady to $352,847. Overall, Phoenix is more competitive than a year ago, so tougher for buyers.

Within Maricopa County, homes here sell faster than in 96% of the county’s ZIP codes, and sell more often over asking than in 97%. On our competition score, Phoenix ranks #17 of 231 AZ ZIP codes with enough sales (score 46 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.