Market Intelligence · AZ / Phoenix

Phoenix, AZ 85007 Housing Market

The typical home value in Phoenix 85007 is $409,860, down 4.2% over the past year. The median list price is $576,000, and homes are taking a median of 82 days on market.

Updated June 2026Median value$410K

The median home value in Phoenix, AZ 85007 is $410K as of June 2026, down 4.2% 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 85007 range

$377K to $443K

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

-4.2% over 12 months

Typical home value in 85007 over the last 12 months: $428K in Jun 2025 to $410K in Jun 2026 (-4.2%).

Jun 2025$428K

Jun 2026$410K

The numbers

What is the 85007 housing market like?

Typical home value

$410K

Down4.2%YoY

Median list price

$576K

Days on market

82

Up67.3%MoM

Homes for sale

40

Price cuts

28.5%

New listings

12

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

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The comparison

How do 85007 home prices compare?

  • 85007$409,860
  • 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

There are 40 homes for sale in 85007 as of June 2026, with 12 new listings recently added. The median list price sits at $576,000, while the typical home value is $409,860, down 4.2% over the past year. Homes are taking a median of 82 days to sell, and 28.5% of listings have had a price cut. For sellers, this is a slower market where pricing carefully and planning for a longer timeline matters.

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