Market Intelligence · AZ / Phoenix

Phoenix, AZ 85043 Housing Market

In Phoenix, AZ 85043, the typical home value was $363,845 in September 2026, down 1.8% over the past year. The median list price was $371,995, and homes spent a median of 57 days on market. There were 82 homes for sale, with 30 new listings.

Updated September 2026Median value$364K

The median home value in Phoenix, AZ 85043 is $364K as of September 2026, down 1.8% 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 85043 range

$335K to $393K

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

-1.8% over 12 months

Sep 2025$371K

Low $364KHigh $371K

Sep 2026$364K

The numbers

What is the 85043 housing market like?

As of September 2026

Typical home value

$364K

1.8%YoY

Median list price

$372K

2.1%MoM

Days on market

14.0%MoM

Homes for sale

3.8%MoM

Price cuts

36.1%

30.1%MoM

New listings

7.1%MoM

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

The outlook

85043 housing market forecast 2027

-1.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85043 to fall 1.7% by September 2027.

Over the 12 months through September 2026, typical home values in 85043 fell 1.8%, per the Zillow Home Value Index.

Will home prices drop in 85043?

Zillow's forecast says they may: it expects typical home values in 85043 to fall 1.7% by September 2027, after a 1.8% 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 85043 home prices compare?

85043$363,845
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

Sellers in 85043 are meeting a market with more room for negotiation than a fast seller's market. There were 82 homes for sale in September 2026, and 30 new listings came on during the same period. The median list price was $371,995, and the typical home value was $363,845 after a 1.8% annual decline. A 36.1% share of listings had a price cut, and the median days on market reached 57. Pricing needs to be realistic from the start.

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Down payment20% · $72,769

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Common questions

What people ask us.

How much is a home in 85043 worth?

The typical home value was $363,845 in September 2026, down 1.8% over the past year.

What are homes listed for in 85043?

The median list price was $371,995 in September 2026.

How fast are homes selling in 85043?

The median days on market was 57 in September 2026, and 36.1% of listings had a price cut.

Discover

Nearby ZIP markets.

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