Market Intelligence · AZ / Phoenix

Phoenix, AZ 85054 Housing Market

The typical home value in Phoenix ZIP 85054 is $725,109, up 0.4% over the past year. The median list price is $627,500, and homes are taking a median of 72 days on market.

Updated June 2026Median value$725K

The median home value in Phoenix, AZ 85054 is $725K as of June 2026, up 0.4% 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

$667K to $783K

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

+0.4% over 12 months

Typical home value in 85054 over the last 12 months: $722K in Jun 2025 to $725K in Jun 2026 (+0.4%).

Jun 2025$722K

Jun 2026$725K

The numbers

What is the 85054 housing market like?

Typical home value

$725K

Up0.4%YoY

Median list price

$628K

Days on market

72

Up9.9%MoM

Homes for sale

68

Price cuts

22.6%

New listings

18

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

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The comparison

How do 85054 home prices compare?

  • 85054$725,109
  • 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 1, 2026, there are 68 homes for sale in 85054, with 18 new listings added recently. The median list price sits at $627,500, while the typical home value stands at $725,109, up 0.4% over the past year. Homes are spending a median of 72 days on the market, and 22.6% of listings have had a price cut. For sellers, this points to a slower market where buyers have room to negotiate, so realistic pricing and patience matter.

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