Market Intelligence · AZ / Phoenix

Phoenix, AZ 85037 Housing Market

The typical home value in Phoenix ZIP 85037 is $353,708, down 2.3% over the past year. The median list price sits at $389,500, and homes are taking a median of 49 days on market as of June 1, 2026.

Updated June 2026Median value$354K

The median home value in Phoenix, AZ 85037 is $354K as of June 2026, down 2.3% 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 85037 range

$325K to $382K

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

Typical home value in 85037 over the last 12 months: $362K in Jun 2025 to $354K in Jun 2026 (-2.3%).

Jun 2025$362K

Jun 2026$354K

The numbers

What is the 85037 housing market like?

Typical home value

$354K

Down2.3%YoY

Median list price

$390K

Days on market

49

Down22.8%MoM

Homes for sale

96

Price cuts

23.1%

New listings

50

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

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The comparison

How do 85037 home prices compare?

  • 85037$353,708
  • Phoenix$417,347
  • Arizona$393,310
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 96 homes for sale in the 85037 area, with 50 new listings added recently. The median list price is $389,500, while the typical home value is lower at $353,708. Homes are spending a median of 49 days on market, and 23.1% of listings have taken a price cut. The typical home value is down 2.3% over the past year. For sellers, this points to a slower market where realistic pricing matters more than aspirational asking prices.

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