Market Intelligence · AZ / Phoenix

Phoenix, AZ 85027 Housing Market

Typical home value in 85027 is $380,631, down 2.2% over the past year. The median list price stands at $387,450, with homes staying on the market for a median of 64 days.

Updated August 2026Median value$379K

The median home value in Phoenix, AZ 85027 is $379K as of August 2026, down 1.7% 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 85027 range

$348K to $409K

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

-1.7% over 12 months

Typical home value in 85027 over the last 12 months: $385K in Aug 2025 to $379K in Aug 2026 (-1.7%).

Aug 2025$385K

Aug 2026$379K

The numbers

What is the 85027 housing market like?

Typical home value

$379K

Down1.7%YoY

Median list price

$387K

Down1.4%MoM

Days on market

64

Up20.8%MoM

Homes for sale

75

Down1.3%MoM

Price cuts

32.5%

Down7.9%MoM

New listings

28

Down6.7%MoM

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

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The comparison

How do 85027 home prices compare?

  • 85027$378,641
  • 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

The Phoenix 85027 ZIP has 75 homes for sale as of August 2026, with 28 new listings added recently. The median list price is $387,450, and homes are taking 64 days to sell on average. A notable sign of softer conditions: 32.5% of listings have seen a price cut. Combined with the year-over-year decline in typical home value, the market favors buyers more than it has in recent months. Sellers should expect less urgency and may need to be realistic on pricing.

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