Market Intelligence · AZ / Phoenix

Phoenix, AZ 85033 Housing Market

The typical home value in Phoenix, AZ 85033 is $321,755 as of September 2026, down 1.6% over the past year. The median list price is $329,975, and homes spend a median of 47 days on market.

Updated September 2026Median value$322K

The median home value in Phoenix, AZ 85033 is $322K as of September 2026, down 1.6% 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 85033 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

Sep 2025$327K

Low $322KHigh $327K

Sep 2026$322K

The numbers

What is the 85033 housing market like?

As of September 2026

Typical home value

$322K

1.6%YoY

Median list price

$330K

1.5%MoM

Days on market

13.0%MoM

Homes for sale

19.4%MoM

Price cuts

33.8%

43.8%MoM

New listings

16.7%MoM

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

The outlook

85033 housing market forecast 2027

-1.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85033 to fall 1.7% by September 2027.

Over the 12 months through September 2026, typical home values in 85033 fell 1.6%, per the Zillow Home Value Index.

Will home prices drop in 85033?

Zillow's forecast says they may: it expects typical home values in 85033 to fall 1.7% by September 2027, after a 1.6% decline 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 85033 home prices compare?

85033$321,755
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, there are 80 homes for sale in Phoenix, AZ 85033, with 42 new listings coming on. The median list price is $329,975, while the typical home value is $321,755, down 1.6% over the past year. Homes take a median of 47 days to sell, and 33.8% of listings have had a price cut. Taken together, the numbers describe a market where buyers have some room to negotiate and sellers who price too high are being corrected. If you are thinking about selling, realistic pricing from day one matters more here than optimism.

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Down payment20% · $64,351

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Common questions

What people ask us.

How much is a home in 85033 worth?

The typical home value in Phoenix, AZ 85033 is $321,755 as of September 2026, down 1.6% over the past year. The median list price is $329,975.

How long does it take to sell a home in 85033?

Homes in 85033 spend a median of 47 days on market as of September 2026.

Is the 85033 market favoring buyers or sellers?

As of September 2026, 33.8% of listings in 85033 have had a price cut, and the typical home value is down 1.6% over the past year. That suggests buyers have some leverage, though 42 new listings show sellers are still active.

Discover

Nearby ZIP markets.

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