Market Intelligence · AZ / Phoenix

Phoenix, AZ 85024 Housing Market

The typical home in Phoenix ZIP 85024 is worth $487,672, down 1.4% over the past year. The median list price is $550,000, and homes are taking a median of 49 days on market.

Updated June 2026Median value$488K

The median home value in Phoenix, AZ 85024 is $488K as of June 2026, down 1.4% 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.

Get a cash offer

Sell without the wait

Sell your Phoenix home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 85024 range

$449K to $527K

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.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 85024 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Phoenix, AZ.

12-month value trend

-1.4% over 12 months

Typical home value in 85024 over the last 12 months: $494K in Jun 2025 to $488K in Jun 2026 (-1.4%).

Jun 2025$494K

Jun 2026$488K

The numbers

What is the 85024 housing market like?

Typical home value

$488K

Down1.4%YoY

Median list price

$550K

Days on market

49

Up2.1%MoM

Homes for sale

75

Price cuts

30.4%

New listings

40

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

Free home value report

See what your 85024 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 85024 home prices compare?

  • 85024$487,672
  • Phoenix$417,347
  • Arizona$393,310
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,270 ZIPs).

Context

As of June 2026, there are 75 homes for sale in 85024, with 40 new listings added recently. The median list price sits at $550,000, while the typical home value is $487,672, down 1.4% over the past year. Homes are spending a median of 49 days on market, and 30.4% of listings have taken a price cut. For sellers, this points to a slower market where realistic pricing matters more than in past years.

Monthly payment

Estimate your monthly payment.

20% · $97,534

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.