Market Intelligence · AZ / Phoenix

Phoenix, AZ 85024 Housing Market

Homes in Phoenix's 85024 ZIP typically sell for $487,380, down 1.1% over the past year. The median list price stands at $508,750, with homes staying on the market for a median of 56 days.

Updated August 2026Median value$484K

The median home value in Phoenix, AZ 85024 is $484K as of August 2026, down 0.8% 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 85024 range

$445K to $522K

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

-0.8% over 12 months

Typical home value in 85024 over the last 12 months: $488K in Aug 2025 to $484K in Aug 2026 (-0.8%).

Aug 2025$488K

Aug 2026$484K

The numbers

What is the 85024 housing market like?

Typical home value

$484K

Down0.8%YoY

Median list price

$509K

Down3.1%MoM

Days on market

56

Up3.7%MoM

Homes for sale

72

Down2.7%MoM

Price cuts

24.3%

Down22.3%MoM

New listings

36

Up28.6%MoM

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

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The comparison

How do 85024 home prices compare?

  • 85024$483,742
  • 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 72 homes for sale in 85024 as of August 2026, with 36 new listings added recently. The median time on market of 56 days reflects a deliberate pace rather than a brisk seller's market. About one in four listings, at 24.3%, have seen a price cut. Combined with the slight annual decline in typical home value, this suggests sellers should price carefully and be prepared for negotiation.

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