Market Intelligence · AZ / Phoenix

Phoenix, AZ 85009 Housing Market

The typical home in Phoenix's 85009 ZIP code is worth $274,334 as of September 2026, down 3.9% over the past year. The median list price is $330,000, and homes are spending a median of 57 days on the market.

Updated September 2026Median value$274K

The median home value in Phoenix, AZ 85009 is $274K as of September 2026, down 3.9% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 85009 range

$252K to $296K

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

-3.9% over 12 months

Sep 2025$286K

Low $273KHigh $286K

Sep 2026$274K

The numbers

What is the 85009 housing market like?

As of September 2026

Typical home value

$274K

3.9%YoY

Median list price

$330K

1.5%MoM

Days on market

9.5%MoM

Homes for sale

2.0%MoM

Price cuts

30.8%

3.9%MoM

New listings

25.0%MoM

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

The outlook

85009 housing market forecast 2027

-2.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85009 to fall 2.2% by September 2027.

Over the 12 months through September 2026, typical home values in 85009 fell 3.9%, per the Zillow Home Value Index.

Will home prices drop in 85009?

Zillow's forecast says they may: it expects typical home values in 85009 to fall 2.2% by September 2027, after a 3.9% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 85009 home prices compare?

85009$274,334
Phoenix$408,720
Arizona$385,442
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,262 ZIPs).

Context

Sellers in 85009 face a cooler market than recent years. The typical home value of $274,334 is down 3.9% over the past year as of September 2026, while the median list price sits at $330,000. There are 51 homes for sale, with 20 new listings, so buyers have choices. Homes take a median of 57 days to sell, and 30.8% of listings have had a price cut. Sellers should price with the expectation of negotiation, not a quick bidding war.

Monthly payment

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Home price

Down payment20% · $54,867

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Common questions

What people ask us.

How much is a home in 85009 worth?

The typical home value in 85009 is $274,334 as of September 2026, down 3.9% over the past year. The median list price is $330,000.

How long does it take to sell a home in 85009?

Homes in 85009 spend a median of 57 days on the market as of September 2026. About 30.8% of listings have had a price cut.

How competitive is the 85009 housing market?

There are 51 homes for sale in 85009 as of September 2026, with 20 new listings. With values down 3.9% over the past year, buyers have room to negotiate.

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