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PHOENIX, AZ 85032

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 85032

Aire Libre Mobile Home Park · Bell Acres Mobile Home Park · Copper Kettle Trailer Villa · Montclair Terrace · Mountain Vista · North Phoenix · Palm Lakes Village · Paradise Valley · Paradise Valley Miranda · Parque Vista Estates · Quail Valley · Rancho Santa Fe · Sandalwood

Market Analysis

Data as of March 2026. Source: Realtor.com.

The PHOENIX, AZ real estate market (85032) currently shows 249 active listings, with 71 pending sales. Homes are averaging 48 days on the market before going under contract.

Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 48 days on market compared to 43 days last year.

The median listing price has fallen 17.6% year-over-year, from $494,500 to $407,500.

Whether you are buying or selling in PHOENIX, AZ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 68,805  ·  Density: 2,148.9/mi²  ·  Median household income: $69,942

Typical home value: $341,553  ·  Homeownership: 57.5%

Market Overview

Active Listings
249
⇧ 8.3% vs 230 last year
Pending
71
29% pending ratio
Median Price
$407,500
⇩ 17.6% vs $494,500 last year
Average Price
$482,991
⇩ 8.5% vs $527,980 last year
Days on Market
48
⇧ 11.6% vs 43 days last year

Price Per Square Foot

Median $/sqft
$306
⇩ 3.2% vs $316/sqft last year
Median Home Size
1,282 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 249 this year vs 230 last year
  • Days on market: 48 now vs 43 last year

Median & Average Pricing

Year over Year
  • Median: $407,500 (-17.6% YoY)
  • Average: $482,991 (-8.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.9 miles — 2,180 listings ($1,730,032,701 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85032Phoenix, AZ 850320.0 mi225$111,274,650$425,620$494,554
85254Scottsdale, AZ 852543.1 mi340$464,797,680$997,500$1,367,052
85050Phoenix, AZ 850504.2 mi143$112,431,319$607,474$786,233
85020Phoenix, AZ 850205.0 mi210$131,628,210$422,000$626,801
85023Phoenix, AZ 850235.2 mi90$44,433,180$429,350$493,702
85029Phoenix, AZ 850296.5 mi129$50,449,578$379,000$391,082
85027Phoenix, AZ 850276.7 mi108$36,331,092$299,250$336,399
85053Phoenix, AZ 850537.4 mi71$28,285,193$397,875$398,383
85258Scottsdale, AZ 852587.7 mi291$371,205,420$1,012,450$1,275,620
85014Phoenix, AZ 850148.7 mi154$93,372,202$449,500$606,313
85012Phoenix, AZ 850129.1 mi79$47,007,449$517,225$595,031
85250Scottsdale, AZ 852509.3 mi192$180,708,672$695,000$941,191
85015Phoenix, AZ 850159.9 mi148$58,108,056$357,475$392,622

Frequently Asked Questions

How many homes are for sale in PHOENIX, AZ 85032?

As of March 2026, there are 249 active listings in PHOENIX, AZ (zip code 85032), compared to 230 the prior year.

What is the median home price in PHOENIX, AZ 85032?

The median listing price in PHOENIX, AZ 85032 is $407,500 as of March 2026, a 17.6% decrease from $494,500 the prior year.

How long do homes stay on the market in PHOENIX, AZ?

Homes in PHOENIX, AZ 85032 spend an average of 48 days on the market before going under contract, compared to 43 days the prior year.

Is it a seller's or buyer's market in PHOENIX, AZ 85032?

Based on current inventory and days-on-market data as of March 2026, PHOENIX, AZ 85032 is currently a Buyer's Market. Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 48 days on market compared to 43 days last year.

How much can I save on real estate commission in PHOENIX, AZ?

With SELL123.com's maximum 3% commission, sellers in PHOENIX, AZ 85032 save an estimated $8,150 compared to a typical 5% commission on the median listing price of $407,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.