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. The median list price sits at $430,000, with homes lingering an average of 59 days on the market.

Updated August 2026Median value$368K

The median home value in Phoenix, AZ 85041 is $368K as of August 2026, down 2.1% 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

$338K to $397K

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

-2.1% over 12 months

Typical home value in 85041 over the last 12 months: $376K in Jul 2025 to $368K in Jul 2026 (-2.1%).

Jul 2025$376K

Jul 2026$368K

The numbers

What is the 85041 housing market like?

Typical home value

$368K

Down2.1%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 (July 2026) / Realtor.com (August 2026) / FRED (August 2026)

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The comparison

How do 85041 home prices compare?

  • 85041$367,890
  • Phoenix$412,599
  • Arizona$392,647
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,266 ZIPs).

Context

Phoenix 85041 has 115 homes for sale as of mid-2026, with 48 new listings recently added to the market. The median list price of $430,000 stands well above the typical home value of $367,890, reflecting a gap between asking prices and actual valuations. Homes are taking 59 days to sell, and 25.8% of listings have already seen price reductions. For sellers, the data suggests a measured market where pricing strategy matters significantly.

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