What is a typical home worth in Phoenix 85008?

The typical home value is $375,393, which is down 1.0% from the previous year.

How long do homes typically stay on the market in 85008?

The median time on market is 65 days.

What share of homes have had price reductions?

44.7% of current listings have a price cut.

Market Intelligence · AZ / Phoenix

Phoenix, AZ 85008 Housing Market

The typical home value in Phoenix 85008 is $375,393, down 1.0% over the past year. Homes currently list at a median of $417,500 and spend a median of 65 days on the market.

Updated August 2026Median value$374K

The median home value in Phoenix, AZ 85008 is $374K as of August 2026, down 0.7% 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

$344K to $404K

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

-0.7% over 12 months

Aug 2025$376K

Low $374KHigh $380K

Aug 2026$374K

The numbers

What is the 85008 housing market like?

As of August 2026

Typical home value

$374K

0.7%YoY

Median list price

$418K

5.0%MoM

Days on market

3.2%MoM

Homes for sale

111

7.8%MoM

Price cuts

44.7%

50.5%MoM

New listings

33.3%MoM

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

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The comparison

How do 85008 home prices compare?

85008$373,676
Phoenix$411,560
Arizona$388,803
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,265 ZIPs).

Context

There are 111 homes for sale in 85008 as of early August, with 40 new listings entering the market recently. The median days on market of 65 suggests a slower pace of sales activity. Price cuts appear on 44.7% of listings, indicating some seller adjustment to market conditions. The year-over-year decline in typical home value reflects a softening market. Sellers should consider their home's condition and local comparables carefully before pricing.

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