Home ValuePros

Market Intelligence · AZ / Phoenix

Phoenix, AZ 85028 Housing Market

Phoenix 85028 has a typical home value of $705,326, up 2.9% over the past year. The median list price is $705,000, with homes spending a median 63 days on market.

Updated August 2026Median value$704K

The median home value in Phoenix, AZ 85028 is $704K as of August 2026, up 3.7% 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 85028 range

$648K to $761K

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

+3.7% over 12 months

Typical home value in 85028 over the last 12 months: $679K in Aug 2025 to $704K in Aug 2026 (+3.7%).

Aug 2025$679K

Aug 2026$704K

The numbers

What is the 85028 housing market like?

Typical home value

$704K

Up3.7%YoY

Median list price

$705K

Down4.6%MoM

Days on market

63

Up23.5%MoM

Homes for sale

62

Down3.1%MoM

Price cuts

27.7%

Down17.2%MoM

New listings

24

Up20.0%MoM

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

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The comparison

How do 85028 home prices compare?

  • 85028$704,362
  • 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

Supply remains modest in this ZIP, with 62 homes for sale and 24 new listings as of August 2026. The median list price of $705,000 aligns closely with typical home values. At 63 days median time on market, homes are taking longer to sell than in a faster-moving market. Meanwhile, 27.7% of listings carry a price cut, suggesting sellers are adjusting expectations. The annual appreciation of 2.9% is steady but modest, so pricing accurately from the start matters more than ever for a smooth sale.

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20% · $140,872

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