Market Intelligence · AZ / Phoenix

Phoenix, AZ 85044 Housing Market

The typical home value in Phoenix, AZ 85044 is $473,281 as of September 2026, up 0.0% over the past year. The median list price sits at $487,000, and homes are spending a median of 48 days on market. This is a flat market, not a rising one.

Updated September 2026Median value$473K

The median home value in Phoenix, AZ 85044 is $473K as of September 2026, little changed 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 85044 range

$435K to $511K

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

-0.0% over 12 months

Sep 2025$473K

Low $473KHigh $477K

Sep 2026$473K

The numbers

What is the 85044 housing market like?

As of September 2026

Typical home value

$473K

0.0%YoY

Median list price

$487K

2.5%MoM

Days on market

7.7%MoM

Homes for sale

9.1%MoM

Price cuts

29.2%

64.2%MoM

New listings

20.0%MoM

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

The outlook

85044 housing market forecast 2027

-1.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85044 to fall 1.7% by September 2027.

Over the 12 months through September 2026, typical home values in 85044 held essentially flat, per the Zillow Home Value Index.

Will home prices drop in 85044?

Zillow's forecast says they may: it expects typical home values in 85044 to fall 1.7% by September 2027, after a flat 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 85044 home prices compare?

85044$473,281
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 96 homes for sale in 85044, with 48 new listings added. The median list price of $487,000 runs above the typical home value of $473,281, which has moved only 0.0% over the past year. Sellers are adjusting to that gap: 29.2% of listings have taken a price cut. With a median of 48 days on market, homes are selling, but not quickly. For a seller, pricing close to what the data supports matters more than testing the high end.

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Down payment20% · $94,656

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Common questions

What people ask us.

How much is a home in 85044 worth?

The typical home value in 85044 is $473,281 as of September 2026, up 0.0% over the past year. The median list price is $487,000.

How fast are homes selling in 85044?

Homes in 85044 are spending a median of 48 days on market as of September 2026. That points to a measured pace, not a frenzy.

Are sellers cutting prices in 85044?

Yes. As of September 2026, 29.2% of listings in 85044 have had a price cut.

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