Market Intelligence · AZ / Phoenix

Phoenix, AZ 85033 Housing Market

The typical home value in Phoenix 85033 is $326,076, down 2.5% over the past year. The median list price stands at $325,155, with homes taking a median 54 days to sell.

Updated August 2026Median value$323K

The median home value in Phoenix, AZ 85033 is $323K as of August 2026, down 2.0% 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 85033 range

$297K to $349K

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

-2.0% over 12 months

Typical home value in 85033 over the last 12 months: $329K in Aug 2025 to $323K in Aug 2026 (-2.0%).

Aug 2025$329K

Aug 2026$323K

The numbers

What is the 85033 housing market like?

Typical home value

$323K

Down2.0%YoY

Median list price

$325K

Down2.4%MoM

Days on market

54

Down1.8%MoM

Homes for sale

67

Up19.6%MoM

Price cuts

23.5%

Down29.3%MoM

New listings

36

Up28.6%MoM

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

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The comparison

How do 85033 home prices compare?

  • 85033$322,908
  • 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 85033 has 67 homes for sale as of August 2026, with 36 new listings entering the market. The median list price of $325,155 aligns closely with the typical home value, suggesting realistic pricing overall. However, 23.5% of listings have already seen price cuts, indicating some downward pressure. At 54 days median time on market, homes are moving slower than in stronger sellers' markets. For homeowners considering a sale, this is a period to price competitively and be prepared for negotiation.

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