Market Intelligence · AZ / Phoenix

Phoenix, AZ 85020 Housing Market

The typical home value in Phoenix, AZ 85020 is $400,506, up 0.2% over the past year as of September 2026. The median list price is $415,000, and homes spend a median of 62 days on market.

Updated September 2026Median value$401K

The median home value in Phoenix, AZ 85020 is $401K as of September 2026, up 0.2% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 85020 range

$368K to $433K

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

+0.2% over 12 months

Typical home value in 85020 over the last 12 months: $400K in Sep 2025 to $401K in Sep 2026 (+0.2%).

Sep 2025$400K

Sep 2026$401K

The numbers

What is the 85020 housing market like?

Typical home value

$401K

Up0.2%YoY

Median list price

$415K

Up6.4%MoM

Days on market

62

Down19.5%MoM

Homes for sale

165

Up4.4%MoM

Price cuts

27.5%

Down21.8%MoM

New listings

46

Down11.5%MoM

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

The outlook

85020 housing market forecast 2027

-1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85020 to fall 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 85020 rose 0.2%, per the Zillow Home Value Index.

Will home prices drop in 85020?

Zillow's forecast says they may: it expects typical home values in 85020 to fall 1.5% by September 2027, after a 0.2% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 85020 home prices compare?

  • 85020$400,506
  • Phoenix$408,720
  • Arizona$385,442
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,262 ZIPs).

Context

There are 165 homes for sale in 85020, with 46 new listings coming on the market as of September 2026. The median list price of $415,000 sits above the typical home value of $400,506, and values are nearly flat, up just 0.2% over the past year. Homes are taking a median of 62 days to sell, and 27.5% of listings have had a price cut. Buyers have time to compare, and sellers who miss the mark on price are adjusting. A seller here should price to the market from day one rather than hoping for more.

Monthly payment

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20% · $80,101

Common questions

What people ask us.

How much is a home in 85020 worth?

The typical home value in 85020 is $400,506, up 0.2% over the past year as of September 2026.

How long does it take to sell a home in 85020?

Homes in 85020 spend a median of 62 days on market as of September 2026. About 27.5% of current listings have had a price cut.

How many homes are for sale in 85020?

There are 165 homes for sale in 85020 as of September 2026, including 46 new listings. The median list price is $415,000.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.