Phoenix, AZ 85032 Real Estate Market Report

ZIP Code: 85032
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Phoenix, AZ 85032 are averaging 6.30%, which is higher than the sub-6% rates observed in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. median sold price: 462,250 is the best indicator of market value and recent transaction activity in ZIP 85032; this level, when compared to the median listing price: 499,999, suggests a pricing gap that may indicate seller expectations above realized sale values, and combined with a median days on market: 192 it points to slower sales velocity rather than rapid turnover.

2. The market shows a positive price trajectory with price year-over-year trend: up, which aligns with broader Phoenix appreciation, but the market temperature is neutral so this growth appears measured and balanced rather than a strong overheated rally.

3. Liquidity appears muted: sample-level metrics imply a relatively constrained active supply versus recent sales, which with a long median days on market: 192 suggests pricing friction and slower transaction velocity rather than brisk demand-driven turnover.

4. Financing and rental context matter for buyer affordability: median market rent: 1,575 is tracking down with rent year-over-year trend: down, while interest rate pressure is moderate and current local 30-year rates are around 6.30% (above early-2026 sub-6% levels), which increases buyer financing sensitivity and may temper near-term home purchase activity.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Phoenix, AZ 85032 Real Estate Market Report

ZIP Code: 85032
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Phoenix, AZ 85032 are averaging 6.30%, which is higher than the sub-6% rates observed in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The neighborhood's primary transaction indicator is the median sold price of 233,000, which points to a representative recent sale level and suggests pricing near current market realizations; neutral market temperature supports a balanced interpretation of recent transactions.

2. The median listing price of 232,450 is nearly aligned with recent sale levels, which may indicate limited listing-to-sale pricing friction and suggests sellers are pricing competitively; monitor for listing pockets that diverge from realized sales.

3. Extended time-to-sale is evident with a median days on market of 435, which signals slower sales velocity and may indicate buyers are taking longer to transact or that some properties require pricing adjustments; this slower pace suggests moderate interest rate pressure could be influencing buyer timing.

4. Market fundamentals show a median price per square foot of 233 alongside a median market rent of 1,400, while rent trends are down, which may temper investor return expectations and suggests caution for buy-to-rent strategies in the near term.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.