Market Intelligence · AZ / Phoenix

Phoenix, AZ 85016 Housing Market

The typical home value in Phoenix 85016 is $525,014, up 0.5% over the past year. The median list price is $527,725, and homes are taking a median of 73 days on market.

Updated June 2026Median value$525K

The median home value in Phoenix, AZ 85016 is $525K as of June 2026, up 0.5% 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 85016 range

$483K to $567K

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

+0.5% over 12 months

Typical home value in 85016 over the last 12 months: $523K in Jun 2025 to $525K in Jun 2026 (+0.5%).

Jun 2025$523K

Jun 2026$525K

The numbers

What is the 85016 housing market like?

Typical home value

$525K

Up0.5%YoY

Median list price

$528K

Days on market

73

Up12.3%MoM

Homes for sale

232

Price cuts

31.3%

New listings

68

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

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The comparison

How do 85016 home prices compare?

  • 85016$525,014
  • Phoenix$417,347
  • Arizona$393,310
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,270 ZIPs).

Context

As of June 2026, there are 232 homes for sale in 85016, with 68 new listings added recently. The median list price sits at $527,725, close to the typical home value of $525,014, which is up 0.5% over the past year. Homes are taking a median of 73 days to sell, and 31.3% of listings have had a price cut. If you are considering selling here, expect a slower pace and be prepared to price carefully from the start.

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