Market Intelligence · AZ / Phoenix

Phoenix, AZ 85045 Housing Market

The typical home in Phoenix 85045 is valued at $668,256, down 0.3% over the past year. The median list price is $735,000, and homes are taking a median of 57 days on market.

Updated June 2026Median value$668K

The median home value in Phoenix, AZ 85045 is $668K as of June 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

$615K to $722K

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: $670K in Jun 2025 to $668K in Jun 2026 (-0.3%).

Jun 2025$670K

Jun 2026$668K

The numbers

What is the 85045 housing market like?

Typical home value

$668K

Down0.3%YoY

Median list price

$735K

Days on market

57

Up11.8%MoM

Homes for sale

27

Price cuts

19.7%

New listings

8

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

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The comparison

How do 85045 home prices compare?

  • 85045$668,256
  • Phoenix$417,347
  • Arizona$393,310
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 27 homes for sale in the 85045 area of Phoenix, with 8 new listings added recently. The median list price sits at $735,000, while the typical home value is $668,256, down 0.3% over the past year. Homes are spending a median of 57 days on market, and 19.7% of listings have had a price cut. For a seller, this points to a slower, patient market where realistic pricing matters more than expecting a quick sale.

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