Market Intelligence · AZ / Phoenix

Phoenix, AZ 85032 Housing Market

In Phoenix, AZ 85032, the typical home value is $449,147, up 1.1% over the past year as of September 2026. The median list price is $459,150, and homes spend a median of 65 days on market.

Updated September 2026Median value$449K

The median home value in Phoenix, AZ 85032 is $449K as of September 2026, up 1.1% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 85032 range

$413K to $485K

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

+1.1% over 12 months

Sep 2025$444K

Low $444KHigh $452K

Sep 2026$449K

The numbers

What is the 85032 housing market like?

As of September 2026

Typical home value

$449K

1.1%YoY

Median list price

$459K

0.9%MoM

Days on market

9.7%MoM

Homes for sale

182

0.6%MoM

Price cuts

35.9%

15.9%MoM

New listings

11.8%MoM

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

The outlook

85032 housing market forecast 2027

-1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85032 to fall 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 85032 rose 1.1%, per the Zillow Home Value Index.

Will home prices drop in 85032?

Zillow's forecast says they may: it expects typical home values in 85032 to fall 1.5% by September 2027, after a 1.1% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 85032 home prices compare?

85032$449,147
Phoenix$408,720
Arizona$385,442
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, Phoenix, AZ 85032 has 182 homes for sale and 76 new listings. The median list price is $459,150, while the typical home value is $449,147, up 1.1% over the past year. A median of 65 days on market and price cuts on 35.9% of listings point to buyers having room to negotiate. Condition and terms can matter more when listings sit. For a seller, pricing needs to match the market from the start rather than chase reductions later.

Monthly payment

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Home price

Down payment20% · $89,829

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Common questions

What people ask us.

How much is a home in 85032 worth?

The typical home value in Phoenix, AZ 85032 is $449,147, up 1.1% over the past year as of September 2026.

How fast are homes selling in 85032?

Homes are spending a median of 65 days on market as of September 2026. There are 182 homes for sale and 76 new listings.

Are sellers cutting prices in 85032?

As of September 2026, 35.9% of listings have a price cut. That sits alongside a typical home value of $449,147, up 1.1% over the past year.

Discover

Nearby ZIP markets.

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