Market Intelligence · AZ / Phoenix

Phoenix, AZ 85031 Housing Market

In Phoenix 85031, the typical home value is $324,908, down 3.3% over the past year. The median list price sits at $329,975, and homes are taking a median of 67 days on market to sell.

Updated June 2026Median value$325K

The median home value in Phoenix, AZ 85031 is $325K as of June 2026, down 3.3% 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

$299K to $351K

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

-3.3% over 12 months

Typical home value in 85031 over the last 12 months: $336K in Jun 2025 to $325K in Jun 2026 (-3.3%).

Jun 2025$336K

Jun 2026$325K

The numbers

What is the 85031 housing market like?

Typical home value

$325K

Down3.3%YoY

Median list price

$330K

Days on market

67

Up48.9%MoM

Homes for sale

29

Price cuts

25.6%

New listings

14

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

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The comparison

How do 85031 home prices compare?

  • 85031$324,908
  • 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 2026, there are 29 homes for sale in the 85031 ZIP code, with 14 new listings added recently. The typical home value is $324,908, down 3.3% over the past year, and the median list price is $329,975. A median of 67 days on market points to a slower pace, and 25.6% of listings have taken a price cut. For sellers, this is a market that rewards realistic pricing and patience rather than expecting quick, above-asking offers.

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