Market Intelligence · AZ / Phoenix

Phoenix, AZ 85027 Housing Market

The typical home value in Phoenix 85027 is $380,631, down 2.2% over the past year. The median list price stands at $393,000, with homes spending a median of 53 days on market.

Updated August 2026Median value$381K

The median home value in Phoenix, AZ 85027 is $381K as of August 2026, down 2.2% 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

$350K to $411K

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

-2.2% over 12 months

Typical home value in 85027 over the last 12 months: $389K in Jul 2025 to $381K in Jul 2026 (-2.2%).

Jul 2025$389K

Jul 2026$381K

The numbers

What is the 85027 housing market like?

Typical home value

$381K

Down2.2%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 (July 2026) / Realtor.com (August 2026) / FRED (August 2026)

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The comparison

How do 85027 home prices compare?

  • 85027$380,631
  • Phoenix$412,599
  • Arizona$392,647
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,266 ZIPs).

Context

As of July 2026, 76 homes are listed for sale in 85027, with 30 new listings added recently. The market shows mixed signals. Nearly 35.3% of listings have seen price cuts, which reflects the downward pressure on values over the past year. For sellers, this means pricing strategically from the start matters more than hoping for quick movement later.

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