Market Intelligence · AZ / Phoenix

Phoenix, AZ 85053 Housing Market

The typical home value in Phoenix's 85053 ZIP is $381,556, down 2.1% over the past year. The median list price is $382,500, with homes spending a median 47 days on the market.

Updated August 2026Median value$379K

The median home value in Phoenix, AZ 85053 is $379K as of August 2026, down 1.5% 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.

Get a cash offer

Sell without the wait

Sell your Phoenix home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 85053 range

$348K to $409K

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.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 85053 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Phoenix, AZ.

12-month value trend

-1.5% over 12 months

Typical home value in 85053 over the last 12 months: $384K in Aug 2025 to $379K in Aug 2026 (-1.5%).

Aug 2025$384K

Aug 2026$379K

The numbers

What is the 85053 housing market like?

Typical home value

$379K

Down1.5%YoY

Median list price

$383K

Down2.4%MoM

Days on market

47

Up11.9%MoM

Homes for sale

59

Flat0.0%MoM

Price cuts

34.5%

Up36.6%MoM

New listings

32

Up23.1%MoM

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

Free home value report

See what your 85053 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 85053 home prices compare?

  • 85053$378,746
  • 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 59 homes currently for sale in 85053, with 32 new listings as of early August 2026. The median list price of $382,500 sits just above the typical home value, while homes are taking 47 days to move. More than a third of listings have received price cuts, reflecting the slower pace this year. For sellers, patience and realistic pricing will be necessary in this softening market.

Monthly payment

Estimate your monthly payment.

20% · $75,749

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.