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Paradise Valley

PHOENIX, AZ 85032

Real Estate Market Report  ·  Maricopa County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
215
⇧ 10.8% vs 194 last year
Pending
62
29% pending ratio
Median Price
$411,998
⇩ 15% vs $484,950 last year
Average Price
$464,716
⇩ 8% vs $505,165 last year
Days on Market
68
⇧ 6.3% vs 64 days last year

Market Context

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

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

Market Analysis

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

The PHOENIX, AZ real estate market (85032) currently shows 215 active listings, with 62 pending sales. Homes are averaging 68 days on the market before going under contract.

Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 68 days on market compared to 64 days last year.

The median listing price has fallen 15% year-over-year, from $484,950 to $411,998.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 215 this year vs 194 last year
  • Days on market: 68 now vs 64 last year

Median & Average Pricing

Year over Year
  • Median: $411,998 (-15% YoY)
  • Average: $464,716 (-8% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.9 miles — 1,962 listings ($1,497,291,829 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85032Phoenix, AZ 850320.0 mi215$99,913,940$411,998$464,716
85254Scottsdale, AZ 852543.1 mi306$397,224,720$948,500$1,298,120
85050Phoenix, AZ 850504.2 mi123$104,387,394$648,750$848,678
85020Phoenix, AZ 850205.0 mi177$102,834,876$396,500$580,988
85023Phoenix, AZ 850235.2 mi75$35,376,300$425,000$471,684
85029Phoenix, AZ 850296.5 mi122$47,808,140$385,000$391,870
85027Phoenix, AZ 850276.7 mi103$34,772,903$302,000$337,601
85053Phoenix, AZ 850537.4 mi69$27,619,182$399,000$400,278
85258Scottsdale, AZ 852587.7 mi234$286,861,302$984,000$1,225,903
85014Phoenix, AZ 850148.7 mi154$92,287,580$460,000$599,270
85012Phoenix, AZ 850129.1 mi64$40,171,072$530,000$627,673
85250Scottsdale, AZ 852509.3 mi180$170,917,920$699,000$949,544
85015Phoenix, AZ 850159.9 mi140$57,116,500$376,000$407,975

Frequently Asked Questions

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

As of January 2026, there are 215 active listings in PHOENIX, AZ (zip code 85032), compared to 194 the prior year.

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

The median listing price in PHOENIX, AZ 85032 is $411,998 as of January 2026, a 15% decrease from $484,950 the prior year.

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

Homes in PHOENIX, AZ 85032 spend an average of 68 days on the market before going under contract, compared to 64 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 January 2026, PHOENIX, AZ 85032 is currently a Buyer's Market. Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 68 days on market compared to 64 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 $8,240 compared to a typical 5% commission on the median listing price of $411,998. 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.