Market Intelligence · AZ / Phoenix

Phoenix, AZ 85021 Housing Market

The typical home in Phoenix 85021 is valued at $437,372, down 0.9% over the past year. The median list price stands at $547,450, with homes taking 69 days to sell on average.

Updated August 2026Median value$437K

The median home value in Phoenix, AZ 85021 is $437K as of August 2026, down 0.9% 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

$402K to $472K

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

-0.9% over 12 months

Typical home value in 85021 over the last 12 months: $441K in Jul 2025 to $437K in Jul 2026 (-0.9%).

Jul 2025$441K

Jul 2026$437K

The numbers

What is the 85021 housing market like?

Typical home value

$437K

Down0.9%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 (July 2026) / Realtor.com (August 2026) / FRED (August 2026)

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The comparison

How do 85021 home prices compare?

  • 85021$437,372
  • Phoenix$412,599
  • Arizona$392,647
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,266 ZIPs).

Context

There are 101 homes for sale in this ZIP as of early July 2026, with 28 new listings added recently. A quarter of all listings have seen price reductions, suggesting sellers are adjusting to market conditions. The gap between typical home value and median list price reflects the range of properties available. With homes spending over two months on the market, this is a buyer-friendly environment where negotiating room exists.

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20% · $87,474

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