Is Phoenix, OR 97535 a buyer’s or seller’s market?
Phoenix is a seller’s market. With about 3 months of supply and 38% 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.
The Phoenix housing market right now
In the three months ending August 31, 2026, 38% of homes in Phoenix, OR 97535 sold above their list price, the typical home went under contract in 11 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 13 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 11%, homes sold faster (30 days then) and the median sale price rose 22% to $477,293. Overall, Phoenix is more competitive than a year ago, so tougher for buyers.
Within Jackson County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Trail 97541 (0% sold over asking) or Prospect 97536 (0% sold over asking).
Run the numbers for 97535
Nearby markets
Ashland 97520Balanced $315 /sq ftButte Falls 97522Buyer’s market $154 /sq ftCentral Point 97502Seller’s market $266 /sq ftEagle Point 97524Balanced $259 /sq ft Browse all markets →Towns like Phoenix nearby
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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 months of supply in Phoenix, OR 97535 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 11 days in the latest three months.
Do homes in Phoenix sell over asking?
38% of homes sold above their original list price, and the typical sale closed at 100.4% of the list price.
What are property taxes in Phoenix?
About 0.74% of a home’s value a year in Jackson County, or roughly $2,960 on a $400,000 home.
What is the median home price in Phoenix?
The median sale price was $477,293 in the three months ending August 31, 2026, about $264 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