Market Intelligence · AZ / Phoenix

Phoenix, AZ 85054 Housing Market

Phoenix ZIP code 85054 has a typical home value of $718,407, up 0.3% over the past year. The median list price stands at $642,500, with homes spending a median of 78 days on the market as of August 2026.

Updated August 2026Median value$715K

The median home value in Phoenix, AZ 85054 is $715K as of August 2026, up 0.2% 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 85054 range

$658K to $773K

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

+0.2% over 12 months

Typical home value in 85054 over the last 12 months: $714K in Aug 2025 to $715K in Aug 2026 (+0.2%).

Aug 2025$714K

Aug 2026$715K

The numbers

What is the 85054 housing market like?

Typical home value

$715K

Up0.2%YoY

Median list price

$643K

Down0.4%MoM

Days on market

78

Up2.6%MoM

Homes for sale

60

Up3.4%MoM

Price cuts

25.0%

Up50.3%MoM

New listings

20

Up42.9%MoM

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

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The comparison

How do 85054 home prices compare?

  • 85054$715,459
  • 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 currently 60 homes for sale in 85054, with 20 new listings added recently. The median days on market of 78 suggests a measured pace for sales activity. One in four listings, or 25.0%, have received price cuts, indicating some sellers are adjusting expectations. The slight year-over-year value gain of 0.3% reflects a stable but slow market. If you're thinking about selling, expect a moderate timeline and prepare for the possibility of negotiation.

Monthly payment

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20% · $143,092

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