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Market Intelligence · AZ / Phoenix

Phoenix, AZ 85021 Housing Market

The typical home in Phoenix, AZ 85021 is worth $428,878 as of September 2026, down 0.5% over the past year. Sellers are listing at a median of $462,250, and homes are spending a median of 69 days on the market.

Updated September 2026Median value$429K

The median home value in Phoenix, AZ 85021 is $429K as of September 2026, down 0.5% 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 85021 range

$395K to $463K

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 85021 over the last 12 months: $431K in Sep 2025 to $429K in Sep 2026 (-0.5%).

Sep 2025$431K

Sep 2026$429K

The numbers

What is the 85021 housing market like?

Typical home value

$429K

Down0.5%YoY

Median list price

$462K

Down7.5%MoM

Days on market

69

Down5.5%MoM

Homes for sale

108

Up6.9%MoM

Price cuts

34.7%

Up6.9%MoM

New listings

42

Up31.3%MoM

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

The outlook

85021 housing market forecast 2027

-1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85021 to fall 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 85021 fell 0.5%, per the Zillow Home Value Index.

Will home prices drop in 85021?

Zillow's forecast says they may: it expects typical home values in 85021 to fall 1.6% by September 2027, after a 0.5% decline 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 85021 home prices compare?

  • 85021$428,878
  • 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

Phoenix, AZ 85021 had 108 homes for sale as of September 2026, with 42 new listings added that month. The median list price sits at $462,250, above the typical home value of $428,878, which is down 0.5% over the past year. Homes are taking a median of 69 days to sell, and 34.7% of listings have had a price cut. Together, these figures point to a slower market where buyers have room to negotiate. For a seller, the honest read is that pricing carefully from the start matters more than it did a year ago.

Monthly payment

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20% · $85,776

Common questions

What people ask us.

How much is a home in 85021 worth?

The typical home in Phoenix, AZ 85021 is worth $428,878 as of September 2026, down 0.5% over the past year.

How long do homes take to sell in 85021?

Homes in 85021 spent a median of 69 days on the market as of September 2026.

Are sellers in 85021 cutting prices?

Yes. As of September 2026, 34.7% of listings in 85021 had a price cut, and the median list price was $462,250.

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