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 $304,950, with homes spending a median of 53 days on the market.

Updated August 2026Median value$321K

The median home value in Phoenix, AZ 85031 is $321K as of August 2026, down 1.6% 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

$296K to $347K

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

-1.6% over 12 months

Typical home value in 85031 over the last 12 months: $327K in Aug 2025 to $321K in Aug 2026 (-1.6%).

Aug 2025$327K

Aug 2026$321K

The numbers

What is the 85031 housing market like?

Typical home value

$321K

Down1.6%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 (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 85031 home prices compare?

  • 85031$321,419
  • 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

Phoenix 85031 has 23 homes currently for sale, with 8 new listings as of the start of August 2026. The median list price of $304,950 reflects a year-over-year decline in typical home values. About 31.4% of listings have received a price cut, suggesting sellers are adjusting to softer demand. At 53 days median time on market, homes are taking longer to sell. Sellers in this ZIP should expect a cautious market where pricing competitively matters more than it did a year ago.

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