Published October 25, 2026 in Market Update

Some parts of Third Market are moving much faster than others

By Vanessa Aragon

Real estate, Third Market

Your ZIP code matters more than the market average right now. The Real Estate Data Aggregator counted homes selling in a median 37 days in one part of Third Market and 73 days in another, for the three months ending August 31, 2026. That 36-day gap is the story.

Realtor.com put the national median days on market at 62 days for homes sold this week. Several Third Market ZIP codes beat that number. A few others are sitting well above it.

How each ZIP code stacked up on speed

ZIP 85226 in Chandler moved fastest. The Real Estate Data Aggregator counted a median 37 days on market there, 18 days shorter than a year before. That is a real shift, and sellers there had pricing power to match.

ZIP 85248 in Chandler was the slowest. The Real Estate Data Aggregator counted a median 73 days, even though that was 12 days shorter than a year before. Homes there are still selling, but buyers have more time and more room to talk.

The fastest ZIP codes: what the numbers say

In ZIP 85226, the Real Estate Data Aggregator counted 20.2% of homes selling above list price. That share rose 10.6 points from a year before. One in five homes there beat its asking price.

In ZIP 85225, 37.3% of homes went under contract within two weeks of listing, per the Real Estate Data Aggregator. That share was up 9.4 points from a year before. Sellers who priced right did not wait long.

The slower ZIP codes: what buyers can use

In ZIP 85248, the Real Estate Data Aggregator counted just 4.7% of homes selling above list price. That share dipped 1 point from a year before. Buyers there are not being pushed over asking.

ZIP 85233 in Gilbert saw days on market rise 10 days from a year before, per the Real Estate Data Aggregator. Prices there fell 10.5% year over year. Sellers in that ZIP need a sharper price to compete.

ZIP 85284 in Tempe had the fewest homes going under contract quickly. The Real Estate Data Aggregator counted 21.1% under contract within two weeks, down 6.2 points from a year before. That is the softest quick-contract rate in the market.

Rates are adding pressure across the board

Freddie Mac put the average 30-year fixed rate at 7.32% as of October 22, 2026. The 15-year averaged 6.68%. Realtor.com put the average mortgage rate at 7.40% on October 22, 2026.

Rates above 7% slow buyers down everywhere. The National Association of Realtors counted 3.99 million existing-home sales nationally in September 2026. Realtor.com reported September pending home sales were down 11.3% year over year nationally. Third Market pending sales were down 7.2% over the same period, per the Real Estate Data Aggregator. That is a softer drop than the national figure, which is a small positive.

The whole market in one view

The Real Estate Data Aggregator counted 1,689 homes sold across Third Market in the three months ending August 31, 2026. That is up 0.9% from a year before. Sales held roughly flat even as pending contracts softened. New listings rose 4.8%, so more homes are coming to market.