Market Intelligence · AZ / Phoenix

Phoenix, AZ 85037 Housing Market

The typical home value in Phoenix 85037 is $354,062, down 1.9% over the past year. The median list price stands at $382,500, with homes spending 61 days on market as of August 2026.

Updated August 2026Median value$351K

The median home value in Phoenix, AZ 85037 is $351K as of August 2026, down 1.5% 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

$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

-1.5% over 12 months

Typical home value in 85037 over the last 12 months: $356K in Aug 2025 to $351K in Aug 2026 (-1.5%).

Aug 2025$356K

Aug 2026$351K

The numbers

What is the 85037 housing market like?

Typical home value

$351K

Down1.5%YoY

Median list price

$383K

Down1.8%MoM

Days on market

61

Up15.1%MoM

Homes for sale

110

Up10.0%MoM

Price cuts

28.8%

Up33.3%MoM

New listings

36

Down28.0%MoM

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

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The comparison

How do 85037 home prices compare?

  • 85037$350,899
  • Phoenix$411,560
  • Arizona$388,803
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,265 ZIPs).

Context

The 85037 ZIP has 110 homes for sale with 36 new listings added recently. Nearly 29% of listings have seen a price cut, reflecting downward pressure in the market. The median time on market of 61 days suggests homes are taking longer to move. For sellers in this area, the combination of declining values and rising inventory means pricing competitively and preparing for negotiation will be important to a successful sale.

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