Market Intelligence · AZ / Phoenix

Phoenix, AZ 85004 Housing Market

The typical home value in Phoenix 85004 is $422,824, down 3.4% over the past year. The median list price sits at $500,000, and homes are taking a median of 89 days on market. The pace here is slow compared to a fast-moving market.

Updated June 2026Median value$423K

The median home value in Phoenix, AZ 85004 is $423K as of June 2026, down 3.4% 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 85004 range

$389K to $457K

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

-3.4% over 12 months

Typical home value in 85004 over the last 12 months: $437K in Jun 2025 to $423K in Jun 2026 (-3.4%).

Jun 2025$437K

Jun 2026$423K

The numbers

What is the 85004 housing market like?

Typical home value

$423K

Down3.4%YoY

Median list price

$500K

Days on market

89

Up58.9%MoM

Homes for sale

53

Price cuts

33.6%

New listings

14

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

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The comparison

How do 85004 home prices compare?

  • 85004$422,824
  • 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

As of June 2026, there are 53 homes for sale in the 85004 ZIP code, with 14 new listings added recently. The median list price is $500,000, while the typical home value is $422,824, down 3.4% over the past year. Homes are sitting a median of 89 days on market, and 33.6% of listings have had a price cut. For a seller, this points to a market where patience and realistic pricing matter more than they would in a faster environment.

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