Market Intelligence · AZ / Phoenix

Phoenix, AZ 85004 Housing Market

Homes in Phoenix's 85004 ZIP typically sell for $417,610, which has declined 3.0% over the past year. The median list price sits at $499,900, with homes spending 104 days on market as of early August 2026.

Updated August 2026Median value$416K

The median home value in Phoenix, AZ 85004 is $416K as of August 2026, down 2.6% 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

$383K to $449K

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

-2.6% over 12 months

Typical home value in 85004 over the last 12 months: $427K in Aug 2025 to $416K in Aug 2026 (-2.6%).

Aug 2025$427K

Aug 2026$416K

The numbers

What is the 85004 housing market like?

Typical home value

$416K

Down2.6%YoY

Median list price

$500K

Up0.3%MoM

Days on market

104

Up23.8%MoM

Homes for sale

43

Down6.5%MoM

Price cuts

23.5%

Down19.4%MoM

New listings

8

Up300.0%MoM

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

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The comparison

How do 85004 home prices compare?

  • 85004$416,174
  • 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

The 85004 market shows signs of softness. There are 43 homes for sale, with only 8 new listings entering the market recently. The median days on market of 104 suggests buyers are taking their time, and 23.5% of listings have already received price cuts. For a seller in this ZIP, the combination of slower movement and declining values means pricing aggressively at the outset may matter more than it did a year ago.

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