Market Intelligence · AZ / Phoenix

Phoenix, AZ 85017 Housing Market

The typical home value in Phoenix 85017 is $301,412, down 4.0% over the past year. The median list price stands at $280,000, with homes averaging 68 days on market as of August 2026.

Updated August 2026Median value$300K

The median home value in Phoenix, AZ 85017 is $300K as of August 2026, down 3.2% 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 85017 range

$276K to $324K

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

-3.2% over 12 months

Typical home value in 85017 over the last 12 months: $310K in Aug 2025 to $300K in Aug 2026 (-3.2%).

Aug 2025$310K

Aug 2026$300K

The numbers

What is the 85017 housing market like?

Typical home value

$300K

Down3.2%YoY

Median list price

$280K

Down2.2%MoM

Days on market

68

Up3.0%MoM

Homes for sale

61

Up8.9%MoM

Price cuts

31.5%

Up38.5%MoM

New listings

24

Up9.1%MoM

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

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The comparison

How do 85017 home prices compare?

  • 85017$300,182
  • 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

There are 61 homes for sale in 85017, with 24 new listings recently added to the market. The median list price is $280,000, and homes are taking 68 days to sell on average. About 31.5% of listings have seen a price cut, reflecting the softer demand and the recent decline in typical home values. For sellers, the combination of extended market time and widespread price reductions suggests this is a buyer-favorable environment.

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