Market Intelligence · AZ / Phoenix

Phoenix, AZ 85050 Housing Market

In Phoenix, AZ 85050, the typical home value is $618,493, up 0.6% over the past year as of September 2026. The median list price is $651,375, and homes are spending a median of 57 days on market.

Updated September 2026Median value$618K

The median home value in Phoenix, AZ 85050 is $618K as of September 2026, up 0.6% 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 85050 range

$569K to $668K

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

+0.6% over 12 months

Sep 2025$615K

Low $615KHigh $624K

Sep 2026$618K

The numbers

What is the 85050 housing market like?

As of September 2026

Typical home value

$618K

0.6%YoY

Median list price

$651K

3.1%MoM

Days on market

23.0%MoM

Homes for sale

7.4%MoM

Price cuts

25.8%

33.9%MoM

New listings

56.3%MoM

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

The outlook

85050 housing market forecast 2027

-1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85050 to fall 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 85050 rose 0.6%, per the Zillow Home Value Index.

Will home prices drop in 85050?

Zillow's forecast says they may: it expects typical home values in 85050 to fall 1.5% by September 2027, after a 0.6% rise 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 85050 home prices compare?

85050$618,493
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

The September 2026 market shows 87 homes for sale in 85050, with 50 new listings added during the month. The median list price sits at $651,375, above the typical home value of $618,493, while values are up 0.6% over the past year. A median of 57 days on market suggests buyers are taking time rather than rushing. With 25.8% of listings carrying a price cut, some sellers are adjusting after testing higher ask prices. For a seller, the honest read is that pricing needs to be disciplined from day one.

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Down payment20% · $123,699

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Common questions

What people ask us.

How much is a home in 85050 worth?

The typical home value in Phoenix, AZ 85050 is $618,493 as of September 2026, up 0.6% over the past year.

Are homes selling quickly in 85050?

Homes are posting a median of 57 days on market as of September 2026, so the pace is measured rather than fast.

Is inventory rising in 85050?

There were 87 homes for sale and 50 new listings in September 2026, giving buyers a meaningful set of options to compare.

Discover

Nearby ZIP markets.

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