Is Phoenix, AZ 85016 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Phoenix is a buyer’s market. With about 7.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Competition score7/ 100

More competitive than 2% of U.S. ZIP codes, and #226 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

Months of supply7.1Under 4 months = seller’s market

Sold above original list2.8%Share of sales, last 3 months

Median sale-to-list96%Sold price ÷ list price

Median days on market80Listing to accepted offer

Median price per sq ft$363▲ +6.0% vs. last year

Run the numbers for 85016

Prefilled for 85016Can I win this house?Multiple-offer likelihood for a listing Prefilled for 85016Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Aguila 85320 $167 /sq ft Arlington 85322Buyer’s market $241 /sq ft Avondale 85323Balanced $219 /sq ft Avondale 85392Seller’s market $220 /sq ft Browse all markets →

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology