Market Intelligence · AZ / Phoenix

Phoenix, AZ 85022 Housing Market

The typical home value in Phoenix, AZ 85022 is $461,344, up 0.3% over the past year as of September 2026. The median list price is $475,000, and homes spend a median of 59 days on market.

Updated September 2026Median value$461K

The median home value in Phoenix, AZ 85022 is $461K as of September 2026, up 0.3% 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 85022 range

$424K to $498K

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

+0.3% over 12 months

Sep 2025$460K

Low $460KHigh $465K

Sep 2026$461K

The numbers

What is the 85022 housing market like?

As of September 2026

Typical home value

$461K

0.3%YoY

Median list price

$475K

2.3%MoM

Days on market

5.4%MoM

Homes for sale

147

2.0%MoM

Price cuts

30.2%

2.7%MoM

New listings

7.7%MoM

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

The outlook

85022 housing market forecast 2027

-1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85022 to fall 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 85022 rose 0.3%, per the Zillow Home Value Index.

Will home prices drop in 85022?

Zillow's forecast says they may: it expects typical home values in 85022 to fall 1.6% by September 2027, after a 0.3% 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 85022 home prices compare?

85022$461,344
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

As of September 2026, there are 147 homes for sale in 85022, with 48 new listings hitting the market. The typical home value is $461,344, up 0.3% over the past year, while the median list price is $475,000. Homes are taking a median of 59 days to sell, and 30.2% of listings have had a price cut. That is a slow, mostly flat market. A seller here should price realistically from day one and expect the process to take some patience.

Monthly payment

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Down payment20% · $92,269

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Common questions

What people ask us.

How much is a home in 85022 worth?

The typical home value in 85022 is $461,344, up 0.3% over the past year as of September 2026. The median list price is $475,000.

How fast are homes selling in 85022?

Homes in 85022 spend a median of 59 days on market as of September 2026. About 30.2% of listings have had a price cut.

Is 85022 a buyer's or seller's market?

There are 147 homes for sale and 48 new listings as of September 2026, with values up just 0.3% over the past year. Conditions are fairly flat, so neither side holds a strong edge.

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