Market Intelligence · AZ / Phoenix

Phoenix, AZ 85041 Housing Market

The typical home value in Phoenix, AZ 85041 is $366,153, down 1.4% over the past year as of September 2026. The median list price stands at $425,000, and homes are spending a median of 59 days on market.

Updated September 2026Median value$366K

The median home value in Phoenix, AZ 85041 is $366K as of September 2026, down 1.4% 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 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

-1.4% over 12 months

Sep 2025$371K

Low $366KHigh $371K

Sep 2026$366K

The numbers

What is the 85041 housing market like?

As of September 2026

Typical home value

$366K

1.4%YoY

Median list price

$425K

0.0%MoM

Days on market

6.3%MoM

Homes for sale

123

0.0%MoM

Price cuts

29.3%

6.5%MoM

New listings

4.2%MoM

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

The outlook

85041 housing market forecast 2027

-1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85041 to fall 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 85041 fell 1.4%, per the Zillow Home Value Index.

Will home prices drop in 85041?

Zillow's forecast says they may: it expects typical home values in 85041 to fall 1.5% by September 2027, after a 1.4% 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 85041 home prices compare?

85041$366,153
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

As of September 2026, there are 123 homes for sale in 85041, with 46 new listings coming on the market. The median list price is $425,000, while the typical home value sits at $366,153, down 1.4% over the past year. Homes are taking a median of 59 days to sell, and 29.3% of listings have had a price cut. For sellers, this means pricing right at the start matters more than it did a year ago.

Monthly payment

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Home price

Down payment20% · $73,231

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Common questions

What people ask us.

How much is a home in 85041 worth?

The typical home value in 85041 is $366,153, down 1.4% over the past year as of September 2026.

How long does it take to sell a home in 85041?

Homes in 85041 are spending a median of 59 days on market as of September 2026.

How many homes are for sale in 85041?

There are 123 homes for sale in 85041 as of September 2026, including 46 new listings.

Discover

Nearby ZIP markets.

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