Market Intelligence · AZ / Phoenix

Phoenix, AZ 85045 Housing Market

The typical home in Phoenix 85045 is valued at $665,371, down 0.3% over the past year. The median list price stands at $699,999, with homes taking a median of 68 days to sell.

Updated August 2026Median value$665K

The median home value in Phoenix, AZ 85045 is $665K as of August 2026, down 0.3% 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 85045 range

$612K to $719K

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

-0.3% over 12 months

Typical home value in 85045 over the last 12 months: $667K in Jul 2025 to $665K in Jul 2026 (-0.3%).

Jul 2025$667K

Jul 2026$665K

The numbers

What is the 85045 housing market like?

Typical home value

$665K

Down0.3%YoY

Median list price

$684K

Down2.3%MoM

Days on market

53

Down22.1%MoM

Homes for sale

30

Up7.1%MoM

Price cuts

30.2%

Down24.5%MoM

New listings

12

Up50.0%MoM

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

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The comparison

How do 85045 home prices compare?

  • 85045$665,371
  • 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

There are currently 28 homes for sale in 85045, with 8 new listings as of early July 2026. The median list price of $699,999 sits modestly above the typical home value of $665,371. Homes are spending 68 days on the market before sale. With 40.0% of listings carrying a price cut, sellers are adjusting to moderate demand. If you're weighing a sale, the slight year-over-year decline in home values suggests this is a buyer-favorable market where pricing strategy matters.

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