Market Intelligence · AZ / Phoenix

Phoenix, AZ 85035 Housing Market

The typical home in Phoenix, AZ 85035 is worth $316,864, down 2.3% over the past year as of September 2026. The median list price sits at $349,975, and homes spend a median of 50 days on the market before going under contract.

Updated September 2026Median value$317K

The median home value in Phoenix, AZ 85035 is $317K as of September 2026, down 2.3% 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 85035 range

$292K to $342K

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

-2.3% over 12 months

Sep 2025$324K

Low $317KHigh $324K

Sep 2026$317K

The numbers

What is the 85035 housing market like?

As of September 2026

Typical home value

$317K

2.3%YoY

Median list price

$350K

4.2%MoM

Days on market

2.0%MoM

Homes for sale

19.2%MoM

Price cuts

25.4%

2.6%MoM

New listings

6.3%MoM

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

The outlook

85035 housing market forecast 2027

-1.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85035 to fall 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in 85035 fell 2.3%, per the Zillow Home Value Index.

Will home prices drop in 85035?

Zillow's forecast says they may: it expects typical home values in 85035 to fall 1.8% by September 2027, after a 2.3% 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 85035 home prices compare?

85035$316,864
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 were 62 homes for sale in 85035, with 34 new listings coming on the market during the month. Buyers have room to negotiate here. A quarter of active listings, 25.4%, had taken a price cut. The typical home value of $316,864 is down 2.3% over the past year, and the median of 50 days on market shows homes are not moving fast. For a seller, the honest read is that pricing right from day one matters more than testing the market.

Monthly payment

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Down payment20% · $63,373

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Common questions

What people ask us.

How much is a home in 85035 worth?

The typical home value in 85035 is $316,864 as of September 2026, down 2.3% over the past year. The median list price is $349,975.

How fast are homes selling in 85035?

Homes in 85035 spend a median of 50 days on the market as of September 2026. That is a moderate pace, so sellers should expect some waiting.

Are sellers cutting prices in 85035?

Yes. As of September 2026, 25.4% of listings in 85035 had a price cut, which suggests many sellers are adjusting expectations to meet buyers.

Discover

Nearby ZIP markets.

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