Home ValuePros

Market Intelligence · AZ / Phoenix

Phoenix, AZ 85021 Housing Market

A typical home in Phoenix's 85021 ZIP costs $437,372, down 0.9% over the past year. The median list price sits at $499,900, with homes averaging 73 days on the market.

Updated August 2026Median value$433K

The median home value in Phoenix, AZ 85021 is $433K as of August 2026, down 0.6% 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 85021 range

$398K to $468K

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

-0.6% over 12 months

Typical home value in 85021 over the last 12 months: $436K in Aug 2025 to $433K in Aug 2026 (-0.6%).

Aug 2025$436K

Aug 2026$433K

The numbers

What is the 85021 housing market like?

Typical home value

$433K

Down0.6%YoY

Median list price

$500K

Down8.7%MoM

Days on market

73

Up5.8%MoM

Homes for sale

101

Flat0.0%MoM

Price cuts

32.5%

Up30.1%MoM

New listings

32

Up14.3%MoM

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

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The comparison

How do 85021 home prices compare?

  • 85021$433,115
  • 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 101 homes for sale in 85021 as of August 2026, with 32 new listings entering the market recently. The median list price of $499,900 is notably higher than the typical home value of $437,372, suggesting many properties are priced optimistically. Homes are spending 73 days on market, which indicates steady but unhurried demand. Price cuts are appearing on 32.5% of listings, reflecting the gap between asking prices and what buyers will pay. Sellers should be realistic about pricing if they want their home to move.

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