Market Intelligence · AZ / Phoenix

Phoenix, AZ 85035 Housing Market

Typical home value in Phoenix 85035 is $321,204, down 2.9% over the past year. The median list price stands at $342,500, with homes spending a median of 51 days on market.

Updated August 2026Median value$321K

The median home value in Phoenix, AZ 85035 is $321K as of August 2026, down 2.9% 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 85035 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

-2.9% over 12 months

Typical home value in 85035 over the last 12 months: $331K in Jul 2025 to $321K in Jul 2026 (-2.9%).

Jul 2025$331K

Jul 2026$321K

The numbers

What is the 85035 housing market like?

Typical home value

$321K

Down2.9%YoY

Median list price

$336K

Down1.9%MoM

Days on market

49

Down3.9%MoM

Homes for sale

52

Down7.1%MoM

Price cuts

24.8%

Down17.5%MoM

New listings

32

Down5.9%MoM

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

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The comparison

How do 85035 home prices compare?

  • 85035$321,204
  • Phoenix$412,599
  • Arizona$392,647
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,266 ZIPs).

Context

Phoenix 85035 currently has 56 homes for sale, with 34 new listings added recently. The median days on market of 51 suggests steady but unhurried buyer interest. Price cuts are appearing on 30.0% of listings, reflecting the downward pressure on values. The gap between typical home value and median list price indicates some sellers may be adjusting expectations. For sellers in this market, realistic pricing from the start will matter more than hoping for appreciation.

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