Market Intelligence · AZ / Phoenix

Phoenix, AZ 85008 Housing Market

The typical home value in Phoenix 85008 is $397,750 as of July 2026, down 1.0% over the past year. Homes on the market are spending a median of 63 days to sell in this south Phoenix neighborhood.

Updated August 2026Median value$375K

The median home value in Phoenix, AZ 85008 is $375K as of August 2026, down 1.0% 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

$345K to $405K

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

-1.0% over 12 months

Typical home value in 85008 over the last 12 months: $379K in Jul 2025 to $375K in Jul 2026 (-1.0%).

Jul 2025$379K

Jul 2026$375K

The numbers

What is the 85008 housing market like?

Typical home value

$375K

Down1.0%YoY

Median list price

$418K

Up5.0%MoM

Days on market

65

Up3.2%MoM

Homes for sale

111

Up7.8%MoM

Price cuts

44.7%

Up50.5%MoM

New listings

40

Up33.3%MoM

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

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The comparison

How do 85008 home prices compare?

  • 85008$375,393
  • 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

There are currently 103 homes for sale in 85008, with 30 new listings arriving recently. The median list price stands at $397,750. A notable 29.7% of active listings have already seen price cuts, suggesting sellers are adjusting to softer demand. Days on market averaging 63 days indicates homes are taking longer to find buyers than in a faster market. For sellers, this is a buyer-leaning environment where pricing and condition matter significantly.

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