Market Intelligence · AZ / Phoenix

Phoenix, AZ 85003 Housing Market

The typical home in Phoenix's 85003 ZIP code is valued at $593,887, up 1.4% over the past year. The median list price is $746,750, and homes are taking a median of 93 days on market.

Updated June 2026Median value$594K

The median home value in Phoenix, AZ 85003 is $594K as of June 2026, up 1.4% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 85003 range

$546K to $641K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+1.4% over 12 months

Typical home value in 85003 over the last 12 months: $586K in Jun 2025 to $594K in Jun 2026 (+1.4%).

Jun 2025$586K

Jun 2026$594K

The numbers

What is the 85003 housing market like?

Typical home value

$594K

Up1.4%YoY

Median list price

$747K

Days on market

93

Up97.9%MoM

Homes for sale

58

Price cuts

22.2%

New listings

10

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 85003 home prices compare?

  • 85003$593,887
  • Phoenix$417,347
  • Arizona$393,310
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,270 ZIPs).

Context

There are 58 homes for sale in 85003 as of June 2026, with 10 new listings added recently. The median list price sits at $746,750, while the typical home value is $593,887, up 1.4% over the past year. With a median of 93 days on market and 22.2% of listings showing a price cut, buyers have time to negotiate. Sellers here should plan for a slower sale and price carefully from the start.

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