Market Intelligence · AZ / Phoenix

Phoenix, AZ 85007 Housing Market

The typical home value in Phoenix 85007 is $406,748, down 3.6% over the past year. The median list price sits at $529,450, with homes taking 87 days on market.

Updated August 2026Median value$407K

The median home value in Phoenix, AZ 85007 is $407K as of August 2026, down 3.6% 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 85007 range

$374K to $439K

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

-3.6% over 12 months

Typical home value in 85007 over the last 12 months: $422K in Jul 2025 to $407K in Jul 2026 (-3.6%).

Jul 2025$422K

Jul 2026$407K

The numbers

What is the 85007 housing market like?

Typical home value

$407K

Down3.6%YoY

Median list price

$465K

Down12.2%MoM

Days on market

87

Flat0.0%MoM

Homes for sale

34

Flat0.0%MoM

Price cuts

21.4%

Down51.8%MoM

New listings

12

Up20.0%MoM

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

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The comparison

How do 85007 home prices compare?

  • 85007$406,748
  • 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

Phoenix 85007 has 34 homes for sale and 10 new listings as of early July 2026. The median list price of $529,450 reflects a gap above the typical home value of $406,748. With a median of 87 days on market and 44.4% of listings carrying a price cut, sellers are adjusting to softer demand. The year-over-year decline of 3.6% in home values suggests a cooling market where pricing strategy matters.

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