Market Intelligence · AZ / Phoenix

Phoenix, AZ 85028 Housing Market

The typical home in Phoenix 85028 is valued at $711,518, up 2.4% over the past year. The median list price is $713,875, and homes are taking a median of 42 days on market.

Updated June 2026Median value$712K

The median home value in Phoenix, AZ 85028 is $712K as of June 2026, up 2.4% 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.

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Typical 85028 range

$655K to $768K

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

+2.4% over 12 months

Typical home value in 85028 over the last 12 months: $695K in Jun 2025 to $712K in Jun 2026 (+2.4%).

Jun 2025$695K

Jun 2026$712K

The numbers

What is the 85028 housing market like?

Typical home value

$712K

Up2.4%YoY

Median list price

$714K

Days on market

42

Down16.0%MoM

Homes for sale

60

Price cuts

39.4%

New listings

42

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

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The comparison

How do 85028 home prices compare?

  • 85028$711,518
  • 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 1, 2026, there are 60 homes for sale in the 85028 ZIP code, with 42 new listings added recently. The median list price sits at $713,875, close to the typical home value of $711,518, which is up 2.4% over the past year. Homes are spending a median of 42 days on market, and 39.4% of listings have had a price cut. For sellers, this points to steady demand alongside real price sensitivity, so pricing carefully from the start matters.

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