Market Intelligence · AZ / Phoenix

Phoenix, AZ 85008 Housing Market

In Phoenix 85008, the typical home value is $378,780, down 1.1% over the past year. The median list price sits at $397,000, and homes take a median of 69 days on market.

Updated June 2026Median value$379K

The median home value in Phoenix, AZ 85008 is $379K as of June 2026, down 1.1% 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 85008 range

$348K to $409K

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

-1.1% over 12 months

Typical home value in 85008 over the last 12 months: $383K in Jun 2025 to $379K in Jun 2026 (-1.1%).

Jun 2025$383K

Jun 2026$379K

The numbers

What is the 85008 housing market like?

Typical home value

$379K

Down1.1%YoY

Median list price

$397K

Days on market

69

Up29.0%MoM

Homes for sale

103

Price cuts

42.6%

New listings

32

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

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The comparison

How do 85008 home prices compare?

  • 85008$378,780
  • 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 103 homes for sale in 85008 as of June 2026, with 32 new listings added. The median list price is $397,000, while the typical home value is $378,780, down 1.1% over the past year. Homes are taking a median of 69 days to sell, and 42.6% of listings have had a price cut. For sellers, this points to a slower market where pricing carefully and preparing for time on market matters.

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