Market Intelligence · AZ / Phoenix

Phoenix, AZ 85051 Housing Market

The typical home value in Phoenix 85051 is $345,320, down 1.7% over the past year. The median list price stands at $350,000, with homes spending a median of 54 days on market.

Updated August 2026Median value$344K

The median home value in Phoenix, AZ 85051 is $344K as of August 2026, down 1.1% 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 85051 range

$316K to $371K

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

-1.1% over 12 months

Typical home value in 85051 over the last 12 months: $348K in Aug 2025 to $344K in Aug 2026 (-1.1%).

Aug 2025$348K

Aug 2026$344K

The numbers

What is the 85051 housing market like?

Typical home value

$344K

Down1.1%YoY

Median list price

$350K

Down3.2%MoM

Days on market

54

Down5.3%MoM

Homes for sale

82

Up17.1%MoM

Price cuts

36.6%

Up46.0%MoM

New listings

36

Down5.3%MoM

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

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The comparison

How do 85051 home prices compare?

  • 85051$343,742
  • 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 82 homes for sale in 85051 as of early August 2026, with 36 new listings added recently. The median list price of $350,000 sits just slightly above the typical home value. Homes are staying on market for a median of 54 days, a meaningful duration that suggests buyers are taking time to decide. About 36.6% of listings have already seen price cuts. If you're considering selling, the modest downward pressure on values combined with a growing share of price reductions suggests this is a buyer-friendly market.

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