Market Intelligence · AZ / Phoenix

Phoenix, AZ 85004 Housing Market

Homes in Phoenix's 85004 ZIP code have a typical value of $417,610, down 3.0% over the past year. The median list price stands at $498,450, with homes spending a median of 84 days on the market as of July 2026.

Updated August 2026Median value$418K

The median home value in Phoenix, AZ 85004 is $418K as of August 2026, down 3.0% 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

$384K to $451K

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

-3.0% over 12 months

Typical home value in 85004 over the last 12 months: $430K in Jul 2025 to $418K in Jul 2026 (-3.0%).

Jul 2025$430K

Jul 2026$418K

The numbers

What is the 85004 housing market like?

Typical home value

$418K

Down3.0%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 (July 2026) / Realtor.com (August 2026) / FRED (August 2026)

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The comparison

How do 85004 home prices compare?

  • 85004$417,610
  • Phoenix$412,599
  • Arizona$392,647
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,266 ZIPs).

Context

The 85004 market shows signs of inventory pressure and buyer hesitation. With 46 homes currently for sale but only 2 new listings in the current period, fresh stock is limited. The median time on market of 84 days reflects slower movement, and 29.2% of listings have already seen price cuts. For sellers, this cooling trend and declining values suggest conditions favor realistic pricing and flexibility on terms.

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