Market Intelligence · AZ / Phoenix

Phoenix, AZ 85045 Housing Market

The typical home in Phoenix's 85045 ZIP code is worth $658,163, down 0.1% over the past year as of September 2026. The median list price sits at $676,500, and homes spend a median of 46 days on the market. That points to a market holding roughly steady.

Updated September 2026Median value$658K

The median home value in Phoenix, AZ 85045 is $658K as of September 2026, down 0.1% 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 85045 range

$606K to $711K

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

-0.1% over 12 months

Sep 2025$659K

Low $658KHigh $664K

Sep 2026$658K

The numbers

What is the 85045 housing market like?

As of September 2026

Typical home value

$658K

0.1%YoY

Median list price

$677K

1.1%MoM

Days on market

13.2%MoM

Homes for sale

13.3%MoM

Price cuts

29.2%

3.2%MoM

New listings

33.3%MoM

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

The outlook

85045 housing market forecast 2027

-1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85045 to fall 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 85045 fell 0.1%, per the Zillow Home Value Index.

Will home prices drop in 85045?

Zillow's forecast says they may: it expects typical home values in 85045 to fall 1.5% by September 2027, after a 0.1% 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 85045 home prices compare?

85045$658,163
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 85045 are asking a median of $676,500, while typical values sit at $658,163, down 0.1% over the past year. Inventory is limited, with 34 homes for sale and 16 new listings as of September 2026. Homes take a median of 46 days to move, so buyers have some room to look before committing. Notably, 29.2% of listings have taken a price cut, which suggests some sellers started above what the market would pay. For a seller, the practical read is that pricing accurately from day one matters more than testing the high end.

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Down payment20% · $131,633

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Common questions

What people ask us.

How much is a home in 85045 worth?

The typical home value in 85045 is $658,163, down 0.1% over the past year as of September 2026.

How long does it take to sell a home in 85045?

Homes in 85045 spend a median of 46 days on the market as of September 2026. About 29.2% of listings have taken a price cut.

How many homes are for sale in 85045?

There are 34 homes for sale in 85045 as of September 2026, with 16 new listings added. The median list price is $676,500.

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Nearby ZIP markets.

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