Market Intelligence · AZ / Phoenix

Phoenix, AZ 85050 Housing Market

Homes in Phoenix 85050 have a typical value of $623,197, up 0.2% over the past year. The median list price sits at $632,000, with homes spending a median of 74 days on market.

Updated August 2026Median value$621K

The median home value in Phoenix, AZ 85050 is $621K as of August 2026, up 0.5% 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 85050 range

$571K to $671K

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

+0.5% over 12 months

Typical home value in 85050 over the last 12 months: $618K in Aug 2025 to $621K in Aug 2026 (+0.5%).

Aug 2025$618K

Aug 2026$621K

The numbers

What is the 85050 housing market like?

Typical home value

$621K

Up0.5%YoY

Median list price

$632K

Down3.2%MoM

Days on market

74

Up5.7%MoM

Homes for sale

94

Down6.9%MoM

Price cuts

39.0%

Up10.7%MoM

New listings

32

Up6.7%MoM

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

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The comparison

How do 85050 home prices compare?

  • 85050$620,867
  • 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

The ZIP code has 94 homes for sale as of August 2026, with 32 new listings added recently. The median days on market of 74 suggests moderate buyer interest, though 39.0% of listings have seen price reductions. The small year-over-year gain of 0.2% in typical home value indicates a market that is largely flat. Sellers should expect a slower pace of showings and be prepared for negotiation.

Monthly payment

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20% · $124,173

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