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Market Intelligence · AZ / Phoenix

Phoenix, AZ 85037 Housing Market

The typical home in Phoenix, AZ 85037 is worth $350,682, down 1.2% over the past year as of September 2026. Sellers listed at a median of $387,000, and homes spent a median of 66 days on market.

Updated September 2026Median value$351K

The median home value in Phoenix, AZ 85037 is $351K as of September 2026, down 1.2% 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 85037 range

$323K to $379K

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

-1.2% over 12 months

Typical home value in 85037 over the last 12 months: $355K in Sep 2025 to $351K in Sep 2026 (-1.2%).

Sep 2025$355K

Sep 2026$351K

The numbers

What is the 85037 housing market like?

Typical home value

$351K

Down1.2%YoY

Median list price

$387K

Up1.2%MoM

Days on market

66

Up8.2%MoM

Homes for sale

101

Down8.2%MoM

Price cuts

27.3%

Down5.2%MoM

New listings

48

Up33.3%MoM

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

The outlook

85037 housing market forecast 2027

-1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85037 to fall 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 85037 fell 1.2%, per the Zillow Home Value Index.

Will home prices drop in 85037?

Zillow's forecast says they may: it expects typical home values in 85037 to fall 1.5% by September 2027, after a 1.2% 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 85037 home prices compare?

  • 85037$350,682
  • 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

There were 101 homes for sale in 85037 as of September 2026, with 48 new listings coming on during that period. The median list price was $387,000, while the typical home value sat lower at $350,682, down 1.2% over the past year. Homes took a median of 66 days to sell, and 27.3% of listings had a price cut. The gap between asking prices and actual values, along with the share of cuts, suggests buyers have room to negotiate. A seller should price realistically from the start rather than chase the market down.

Monthly payment

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20% · $70,136

Common questions

What people ask us.

How much is a home in 85037 worth?

The typical home value in 85037 is $350,682 as of September 2026, down 1.2% over the past year.

How long does it take to sell a home in 85037?

Homes spent a median of 66 days on market as of September 2026. There were 101 homes for sale, with 48 new listings.

Are sellers cutting prices in 85037?

Yes. 27.3% of listings had a price cut as of September 2026, while the median list price stood at $387,000.

Discover

Nearby ZIP markets.

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