Home ValuePros

Market Intelligence · AZ / Phoenix

Phoenix, AZ 85012 Housing Market

The typical home value in Phoenix 85012 is $641,471, up 1.1% over the past year. The median list price stands at $539,000, with homes remaining on the market for a median of 120 days.

Updated August 2026Median value$641K

The median home value in Phoenix, AZ 85012 is $641K as of August 2026, up 1.5% 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 85012 range

$589K to $692K

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

+1.5% over 12 months

Typical home value in 85012 over the last 12 months: $631K in Aug 2025 to $641K in Aug 2026 (+1.5%).

Aug 2025$631K

Aug 2026$641K

The numbers

What is the 85012 housing market like?

Typical home value

$641K

Up1.5%YoY

Median list price

$539K

Up7.3%MoM

Days on market

120

Down0.8%MoM

Homes for sale

49

Down2.0%MoM

Price cuts

12.1%

Down52.1%MoM

New listings

12

Up200.0%MoM

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

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The comparison

How do 85012 home prices compare?

  • 85012$640,652
  • 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

Currently, 49 homes are for sale in the area, with 12 new listings as of August 2026. Homes are taking longer to move, reflected in the 120 day median time on market. A small portion of listings, 12.1%, have already seen price cuts, suggesting some seller adjustment in the face of slower movement. The gap between typical home value and median list price points to variability across the market. For sellers, expect a deliberate sales timeline and consider that patient pricing may be necessary.

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