What is the typical home value in 85003?

The typical home value is $582,092, which has risen 1.7% over the past year.

How long are homes taking to sell in 85003?

The median days on market is 74 days as of August 2026.

What percentage of homes have price cuts in 85003?

33.3% of current listings have received a price cut.

Market Intelligence · AZ / Phoenix

Phoenix, AZ 85003 Housing Market

The typical home value in Phoenix 85003 is $582,092, up 1.7% over the past year. The median list price sits at $687,000, with homes taking a median of 74 days to sell.

Updated August 2026Median value$582K

The median home value in Phoenix, AZ 85003 is $582K as of August 2026, up 2.2% 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

$535K to $628K

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

+2.2% over 12 months

Aug 2025$569K

Low $569KHigh $586K

Aug 2026$582K

The numbers

What is the 85003 housing market like?

As of August 2026

Typical home value

$582K

2.2%YoY

Median list price

$687K

2.7%MoM

Days on market

8.6%MoM

Homes for sale

0.0%MoM

Price cuts

33.3%

9.0%MoM

New listings

60.0%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 85003 home prices compare?

85003$581,637
Phoenix$411,560
Arizona$388,803
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,265 ZIPs).

Context

As of August 2026, there are 46 homes for sale in the 85003 ZIP code, with 16 new listings added recently. The median list price is $687,000 and homes are spending a median of 74 days on the market. A notable concern is that 33.3% of current listings have already received price cuts, suggesting sellers are adjusting expectations in response to market conditions. Despite the year-over-year appreciation of 1.7%, the volume of price reductions and extended days on market indicate it's a slower, more negotiable environment for sellers right now.

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