Market Intelligence · AZ / Phoenix

Phoenix, AZ 85045 Housing Market

The typical home value in Phoenix 85045 is $665,371, down 0.3% over the past year. The median list price stands at $684,000, with homes spending a median of 53 days on market.

Updated August 2026Median value$663K

The median home value in Phoenix, AZ 85045 is $663K as of August 2026, down 0.2% 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

$610K to $716K

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

-0.2% over 12 months

Typical home value in 85045 over the last 12 months: $664K in Aug 2025 to $663K in Aug 2026 (-0.2%).

Aug 2025$664K

Aug 2026$663K

The numbers

What is the 85045 housing market like?

Typical home value

$663K

Down0.2%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 (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 85045 home prices compare?

  • 85045$662,687
  • Phoenix$411,560
  • Arizona$388,803
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,265 ZIPs).

Context

There are currently 30 homes for sale in the ZIP, with 12 new listings added recently. About 30.2% of active listings have seen a price cut, suggesting sellers are adjusting expectations as the market cools. The slight year-over-year decline in typical home value reflects broader softening in the area. For sellers, this means pricing competitively and being prepared for a longer sales timeline than in stronger markets.

Monthly payment

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20% · $132,537

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