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Market Intelligence · AZ / Phoenix

Phoenix, AZ 85006 Housing Market

The typical home value in Phoenix's 85006 ZIP code is $402,532, down 1.3% over the past year as of September 2026. The median list price sits higher at $513,718, and homes are taking a median of 61 days to sell.

Updated September 2026Median value$403K

The median home value in Phoenix, AZ 85006 is $403K as of September 2026, down 1.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 85006 range

$370K to $435K

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

-1.3% over 12 months

Typical home value in 85006 over the last 12 months: $408K in Sep 2025 to $403K in Sep 2026 (-1.3%).

Sep 2025$408K

Sep 2026$403K

The numbers

What is the 85006 housing market like?

Typical home value

$403K

Down1.3%YoY

Median list price

$514K

Down2.6%MoM

Days on market

61

Up19.6%MoM

Homes for sale

61

Up7.0%MoM

Price cuts

28.4%

Down24.4%MoM

New listings

16

Down20.0%MoM

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

The outlook

85006 housing market forecast 2027

-1.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85006 to fall 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in 85006 fell 1.3%, per the Zillow Home Value Index.

Will home prices drop in 85006?

Zillow's forecast says they may: it expects typical home values in 85006 to fall 1.8% by September 2027, after a 1.3% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 85006 home prices compare?

  • 85006$402,532
  • Phoenix$408,720
  • Arizona$385,442
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there were 61 homes for sale in 85006, with 16 new listings coming onto the market that month. The median list price was $513,718, while the typical home value was $402,532, down 1.3% over the past year. Sellers should also note that 28.4% of listings had a price cut, and homes sat a median of 61 days before selling. Taken together, this points to a market where buyers have room to negotiate. For a seller, pricing realistically from the start matters more than testing a high number.

Monthly payment

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Common questions

What people ask us.

How much is a home in 85006 worth?

The typical home value in 85006 is $402,532 as of September 2026, down 1.3% over the past year.

How long do homes take to sell in 85006?

Homes in 85006 are spending a median of 61 days on the market as of September 2026.

How competitive is the 85006 housing market?

There were 61 homes for sale in September 2026, with 16 new listings, and 28.4% of listings had a price cut, which suggests sellers are adjusting expectations.

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