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Market Intelligence · AZ / Phoenix

Phoenix, AZ 85024 Housing Market

The typical home value in Phoenix, AZ 85024 is $482,310 as of September 2026, down 0.5% over the past year. The median list price is $515,450, and homes spend a median of 48 days on the market.

Updated September 2026Median value$482K

The median home value in Phoenix, AZ 85024 is $482K as of September 2026, down 0.5% 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 85024 range

$444K to $521K

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

-0.5% over 12 months

Typical home value in 85024 over the last 12 months: $485K in Sep 2025 to $482K in Sep 2026 (-0.5%).

Sep 2025$485K

Sep 2026$482K

The numbers

What is the 85024 housing market like?

Typical home value

$482K

Down0.5%YoY

Median list price

$515K

Up1.3%MoM

Days on market

48

Down14.3%MoM

Homes for sale

79

Up9.7%MoM

Price cuts

36.8%

Up51.3%MoM

New listings

32

Down11.1%MoM

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

The outlook

85024 housing market forecast 2027

-1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85024 to fall 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 85024 fell 0.5%, per the Zillow Home Value Index.

Will home prices drop in 85024?

Zillow's forecast says they may: it expects typical home values in 85024 to fall 1.6% by September 2027, after a 0.5% decline 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 85024 home prices compare?

  • 85024$482,310
  • 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 79 homes for sale in 85024, with 32 new listings hitting the market. The median list price is $515,450, while the typical home value sits at $482,310, down 0.5% over the past year. Homes are taking a median of 48 days to sell, and 36.8% of listings have had a price cut. That is a market where buyers have room to negotiate. For a seller, pricing realistically from the start matters more than testing the top of the market and chasing it down later.

Monthly payment

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20% · $96,462

Common questions

What people ask us.

How much is a home in 85024 worth?

The typical home value in Phoenix, AZ 85024 is $482,310 as of September 2026, down 0.5% over the past year.

How long does it take to sell a home in 85024?

Homes in 85024 spend a median of 48 days on the market as of September 2026. There are 79 homes for sale, with 32 new listings.

Are sellers cutting prices in 85024?

Yes. As of September 2026, 36.8% of listings in 85024 have had a price cut, and the median list price is $515,450.

Discover

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