Market Intelligence · AZ / Phoenix

Phoenix, AZ 85012 Housing Market

The typical home value in Phoenix's 85012 ZIP code is $640,652, up 1.5% over the past year. The median list price sits at $504,450, with homes spending a median 109 days on market as of September 2026.

Updated September 2026Median value$641K

The median home value in Phoenix, AZ 85012 is $641K as of September 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

Aug 2025$631K

Low $630KHigh $646K

Aug 2026$641K

The numbers

What is the 85012 housing market like?

As of September 2026

Typical home value

$641K

1.5%YoY

Median list price

$504K

6.4%MoM

Days on market

109

9.2%MoM

Homes for sale

4.1%MoM

Price cuts

24.9%

105.3%MoM

New listings

16.7%MoM

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

As of September 2026, there are 51 homes for sale in 85012, with 14 new listings entering the market. Nearly a quarter of listings, specifically 24.9%, have seen price cuts. The median days on market of 109 suggests homes are moving more slowly than in faster markets. For sellers, this environment means pricing strategy and presentation matter significantly, as buyer competition appears measured.

Monthly payment

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Home price

Down payment20% · $128,130

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Common questions

What people ask us.

What is the typical home value in 85012?

The typical home value is $640,652, having increased 1.5% over the past year as of August 2026.

How long do homes typically stay on the market in this ZIP?

The median days on market is 109 as of September 2026.

What share of homes have price reductions?

As of September 2026, 24.9% of listings have seen a price cut.

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