What is the typical home value in Phoenix 85022?

The typical home value is $465,301, which has declined 0.5% over the past year.

How long do homes take to sell in 85022?

The median time on market is 56 days, indicating a steady but unhurried pace of sales activity.

What share of homes are seeing price reductions?

About 31.0% of listings in the area have experienced a price cut, reflecting competitive market conditions.

Market Intelligence · AZ / Phoenix

Phoenix, AZ 85022 Housing Market

The typical home value in Phoenix 85022 is $465,301, down 0.5% over the past year. Homes are listing at a median of $464,500 and spending 56 days on the market before selling.

Updated August 2026Median value$462K

The median home value in Phoenix, AZ 85022 is $462K as of August 2026, down 0.1% 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 85022 range

$425K to $499K

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

-0.1% over 12 months

Aug 2025$462K

Low $461KHigh $466K

Aug 2026$462K

The numbers

What is the 85022 housing market like?

As of August 2026

Typical home value

$462K

0.1%YoY

Median list price

$465K

0.4%MoM

Days on market

0.0%MoM

Homes for sale

150

8.7%MoM

Price cuts

31.0%

11.5%MoM

New listings

3.7%MoM

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

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The comparison

How do 85022 home prices compare?

85022$462,025
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 150 homes for sale in the ZIP as of August 2026, with 52 new listings hitting the market. The median days on market of 56 reflects a market moving at a measured pace rather than a brisk one. Price cuts are appearing on 31.0% of listings, suggesting sellers are adjusting to buyer hesitation. For someone thinking about selling, the modest year-over-year decline in value combined with a meaningful share of price reductions points to a buyer-leaning market where pricing strategy matters.

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