Market Intelligence · AZ / Phoenix

Phoenix, AZ 85083 Housing Market

In Phoenix, AZ 85083, the typical home value is $624,224 as of September 2026, up 0.5% over the past year. The median list price is $606,000, and homes are spending a median of 72 days on the market.

Updated September 2026Median value$624K

The median home value in Phoenix, AZ 85083 is $624K as of September 2026, up 0.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 85083 range

$574K to $674K

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

+0.5% over 12 months

Sep 2025$621K

Low $621KHigh $627K

Sep 2026$624K

The numbers

What is the 85083 housing market like?

As of September 2026

Typical home value

$624K

0.5%YoY

Median list price

$606K

0.2%MoM

Days on market

12.5%MoM

Homes for sale

2.8%MoM

Price cuts

28.7%

12.6%MoM

New listings

16.7%MoM

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

The outlook

85083 housing market forecast 2027

-1.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85083 to fall 1.3% by September 2027.

Over the 12 months through September 2026, typical home values in 85083 rose 0.5%, per the Zillow Home Value Index.

Will home prices drop in 85083?

Zillow's forecast says they may: it expects typical home values in 85083 to fall 1.3% by September 2027, after a 0.5% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 85083 home prices compare?

85083$624,224
Phoenix$408,720
Arizona$385,442
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,262 ZIPs).

Context

Supply is not thin, with 70 homes for sale and 20 new listings as of September 2026. The median list price sits at $606,000, while the typical home value is $624,224 and is up 0.5% over the past year. A median of 72 days on market points to a slower pace, and 28.7% of listings have taken a price cut. For a seller, pricing needs to match current buyer expectations rather than past momentum.

Monthly payment

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Home price

Down payment20% · $124,845

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Common questions

What people ask us.

How much is a home in 85083 worth?

The typical home value in Phoenix, AZ 85083 is $624,224 as of September 2026, up 0.5% over the past year.

How long are homes taking to sell in 85083?

Homes in 85083 are spending a median of 72 days on the market as of September 2026.

Are sellers cutting prices in 85083?

As of September 2026, 28.7% of listings in 85083 have a price cut.

Discover

Nearby ZIP markets.

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