Market Intelligence · AZ / Phoenix

Phoenix, AZ 85015 Housing Market

Typical home value in Phoenix 85015 is $337,021, down 2.7% over the past year. The median list price stands at $390,450, with homes taking a median of 73 days to sell.

Updated August 2026Median value$334K

The median home value in Phoenix, AZ 85015 is $334K as of August 2026, down 1.9% 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 85015 range

$308K to $361K

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

-1.9% over 12 months

Typical home value in 85015 over the last 12 months: $341K in Aug 2025 to $334K in Aug 2026 (-1.9%).

Aug 2025$341K

Aug 2026$334K

The numbers

What is the 85015 housing market like?

Typical home value

$334K

Down1.9%YoY

Median list price

$390K

Up4.1%MoM

Days on market

73

Up9.0%MoM

Homes for sale

97

Down7.6%MoM

Price cuts

37.5%

Up13.9%MoM

New listings

40

Up53.8%MoM

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

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The comparison

How do 85015 home prices compare?

  • 85015$334,411
  • 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

The market shows signs of softness. There are 97 homes for sale as of August 1, 2026, with 40 new listings entering the market. The median of 73 days on market reflects a slower pace, and 37.5% of listings have already received a price cut. For sellers, this is a market where pricing strategy and condition matter more than they did a year ago.

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