Market Intelligence · AZ / Phoenix

Phoenix, AZ 85041 Housing Market

The typical home value in Phoenix 85041 is $367,890, down 2.1% over the past year. Homes are listed at a median of $424,995 and remain on the market for a median of 63 days.

Updated August 2026Median value$366K

The median home value in Phoenix, AZ 85041 is $366K as of August 2026, down 1.7% 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 85041 range

$337K to $395K

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

-1.7% over 12 months

Typical home value in 85041 over the last 12 months: $372K in Aug 2025 to $366K in Aug 2026 (-1.7%).

Aug 2025$372K

Aug 2026$366K

The numbers

What is the 85041 housing market like?

Typical home value

$366K

Down1.7%YoY

Median list price

$425K

Down1.2%MoM

Days on market

63

Up6.8%MoM

Homes for sale

123

Up7.0%MoM

Price cuts

31.3%

Up21.3%MoM

New listings

48

Flat0.0%MoM

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

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The comparison

How do 85041 home prices compare?

  • 85041$365,920
  • 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

There are 123 homes for sale in 85041 as of August 2026, with 48 new listings entering the market. The median list price stands at $424,995, while the typical home value has declined 2.1% annually to $367,890. Homes are taking 63 days to sell on average. A notable 31.3% of listings have seen price cuts, reflecting a market where buyers have options and sellers may need to adjust expectations.

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