Home ValuePros

Market Intelligence · AZ / Phoenix

Phoenix, AZ 85031 Housing Market

The typical home value in Phoenix 85031 is $325,961, down 2.5% over the past year. The median list price stands at $329,975, with homes taking a median of 68 days to sell. This slowdown reflects softer demand in the area.

Updated August 2026Median value$326K

The median home value in Phoenix, AZ 85031 is $326K as of August 2026, down 2.5% 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 85031 range

$300K to $352K

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

-2.5% over 12 months

Typical home value in 85031 over the last 12 months: $334K in Jul 2025 to $326K in Jul 2026 (-2.5%).

Jul 2025$334K

Jul 2026$326K

The numbers

What is the 85031 housing market like?

Typical home value

$326K

Down2.5%YoY

Median list price

$305K

Down7.6%MoM

Days on market

53

Down22.1%MoM

Homes for sale

23

Down8.0%MoM

Price cuts

31.4%

Up24.7%MoM

New listings

8

Up33.3%MoM

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

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The comparison

How do 85031 home prices compare?

  • 85031$325,961
  • 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

There are 25 homes for sale in 85031 as of early July 2026, with 6 new listings added recently. The median time on market of 68 days is notably extended, suggesting buyers have room to negotiate. About one in four listings, specifically 25.2%, have seen price cuts. The typical home value declining 2.5% year over year indicates a market tilting toward buyers. Sellers should expect a patient sales process and prepare for the possibility of adjusting their asking price.

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