Market Intelligence · AZ / Phoenix

Phoenix, AZ 85051 Housing Market

The typical home value in Phoenix ZIP 85051 is $346,494, down 2.1% over the past year. The median list price sits at $348,500, and homes are taking a median of 54 days on market.

Updated June 2026Median value$346K

The median home value in Phoenix, AZ 85051 is $346K as of June 2026, down 2.1% 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

$319K to $374K

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

-2.1% over 12 months

Typical home value in 85051 over the last 12 months: $354K in Jun 2025 to $346K in Jun 2026 (-2.1%).

Jun 2025$354K

Jun 2026$346K

The numbers

What is the 85051 housing market like?

Typical home value

$346K

Down2.1%YoY

Median list price

$349K

Days on market

54

Up25.6%MoM

Homes for sale

67

Price cuts

32.0%

New listings

30

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

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The comparison

How do 85051 home prices compare?

  • 85051$346,494
  • 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 2026, there are 67 homes for sale in 85051, with 30 new listings added recently. The median list price is $348,500, while the typical home value is $346,494, down 2.1% over the past year. Homes are spending a median of 54 days on market, and 32.0% of listings have had a price cut. For sellers, this points to a softer market where realistic pricing and patience matter more than they did a year ago.

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