Market Intelligence · AZ / Phoenix

Phoenix, AZ 85051 Housing Market

The typical home value in Phoenix, AZ 85051 is $340,384 as of September 2026, down 0.8% over the past year. The median list price is $352,500, and homes are taking a median of 61 days to sell.

Updated September 2026Median value$340K

The median home value in Phoenix, AZ 85051 is $340K as of September 2026, down 0.8% 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 85051 range

$313K to $368K

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

-0.8% over 12 months

Sep 2025$343K

Low $340KHigh $343K

Sep 2026$340K

The numbers

What is the 85051 housing market like?

As of September 2026

Typical home value

$340K

0.8%YoY

Median list price

$353K

0.7%MoM

Days on market

13.0%MoM

Homes for sale

8.5%MoM

Price cuts

40.9%

11.7%MoM

New listings

22.2%MoM

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

The outlook

85051 housing market forecast 2027

-1.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85051 to fall 1.7% by September 2027.

Over the 12 months through September 2026, typical home values in 85051 fell 0.8%, per the Zillow Home Value Index.

Will home prices drop in 85051?

Zillow's forecast says they may: it expects typical home values in 85051 to fall 1.7% by September 2027, after a 0.8% decline 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 85051 home prices compare?

85051$340,384
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

There were 89 homes for sale in 85051 as of September 2026, with 28 new listings hitting the market. Buyers have room to negotiate. The data shows 40.9% of listings took a price cut, and the typical home value of $340,384 slipped 0.8% over the past year. Homes are sitting for a median of 61 days, so sellers should expect a slower pace and price their home realistically from the start.

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Down payment20% · $68,077

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Common questions

What people ask us.

How much is a home in 85051 worth?

The typical home value in 85051 is $340,384 as of September 2026, down 0.8% over the past year.

How long does it take to sell a home in 85051?

Homes in 85051 are taking a median of 61 days to sell as of September 2026.

Are sellers cutting prices in 85051?

Yes. As of September 2026, 40.9% of listings in 85051 had a price cut, with a median list price of $352,500.

Discover

Nearby ZIP markets.

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