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Market Intelligence · AZ / Phoenix

Phoenix, AZ 85034 Housing Market

The typical home value in Phoenix, AZ 85034 is $280,495, up 6.5% over the past year as of September 2026. Sellers are asking a median list price of $355,000, and homes are spending a median of 90 days on the market.

Updated September 2026Median value$280K

The median home value in Phoenix, AZ 85034 is $280K as of September 2026, up 6.5% 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 85034 range

$258K to $303K

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

+6.5% over 12 months

Typical home value in 85034 over the last 12 months: $263K in Sep 2025 to $280K in Sep 2026 (+6.5%).

Sep 2025$263K

Sep 2026$280K

The numbers

What is the 85034 housing market like?

Typical home value

$280K

Up6.5%YoY

Median list price

$355K

Down10.7%MoM

Days on market

90

Down21.1%MoM

Homes for sale

10

Flat0.0%MoM

Price cuts

8.3%

New listings

2

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

The outlook

85034 housing market forecast 2027

-0.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85034 to fall 0.8% by September 2027.

Over the 12 months through September 2026, typical home values in 85034 rose 6.5%, per the Zillow Home Value Index.

Will home prices drop in 85034?

Zillow's forecast says they may: it expects typical home values in 85034 to fall 0.8% by September 2027, after a 6.5% 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 85034 home prices compare?

  • 85034$280,495
  • 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

The 85034 market is moving slowly as of September 2026, with homes sitting a median of 90 days before selling. Inventory is thin, with only 10 homes for sale and 2 new listings hitting the market. The median list price of $355,000 sits well above the typical home value of $280,495, which is up 6.5% over the past year. Just 8.3% of listings have taken a price cut, so most sellers are holding their asking prices even as buyers take their time. For a seller, values are rising but patience is required, because buyers here are not in a hurry.

Monthly payment

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20% · $56,099

Common questions

What people ask us.

How much is a home in 85034 worth?

The typical home value in 85034 is $280,495, up 6.5% over the past year as of September 2026.

How long does it take to sell a home in 85034?

Homes in 85034 spend a median of 90 days on the market as of September 2026, so sellers should expect a slower pace.

How much competition is there among sellers in 85034?

Inventory is limited, with 10 homes for sale and 2 new listings as of September 2026, and only 8.3% of listings have had a price cut.

Discover

Nearby ZIP markets.

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