Home ValuePros

Market Intelligence · AZ / Phoenix

Phoenix, AZ 85083 Housing Market

The typical home value in Phoenix's 85083 ZIP is $625,710, down 0.3% over the past year. The median list price stands at $599,675, with homes taking 50 days on market as of July 2026.

Updated August 2026Median value$626K

The median home value in Phoenix, AZ 85083 is $626K as of August 2026, down 0.3% 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 85083 range

$576K to $676K

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

-0.3% over 12 months

Typical home value in 85083 over the last 12 months: $627K in Jul 2025 to $626K in Jul 2026 (-0.3%).

Jul 2025$627K

Jul 2026$626K

The numbers

What is the 85083 housing market like?

Typical home value

$626K

Down0.3%YoY

Median list price

$605K

Up0.9%MoM

Days on market

64

Up28.0%MoM

Homes for sale

72

Down8.9%MoM

Price cuts

32.8%

Down28.5%MoM

New listings

24

Up50.0%MoM

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

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The comparison

How do 85083 home prices compare?

  • 85083$625,710
  • Phoenix$412,599
  • Arizona$392,647
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,266 ZIPs).

Context

There are 79 homes for sale in 85083, with 16 new listings entering the market as of early July. The median time on market is 50 days, suggesting a measured pace of sales. Price reductions are common here: 45.9% of listings have seen cuts. The slight year-over-year decline in typical home value reflects a cooling market where sellers may face more negotiation and longer holding periods than in stronger conditions.

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20% · $125,142

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