Market Intelligence · AZ / Phoenix

Phoenix, AZ 85083 Housing Market

Homes in Phoenix, AZ 85083 have a typical value of $625,710, down 0.3% over the past year. The median list price stands at $605,000, and homes are staying on the market for a median of 64 days.

Updated August 2026Median value$624K

The median home value in Phoenix, AZ 85083 is $624K 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 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

+0.2% over 12 months

Typical home value in 85083 over the last 12 months: $623K in Aug 2025 to $624K in Aug 2026 (+0.2%).

Aug 2025$623K

Aug 2026$624K

The numbers

What is the 85083 housing market like?

Typical home value

$624K

Up0.2%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 (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 85083 home prices compare?

  • 85083$624,225
  • 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 72 homes for sale in 85083 as of August 2026, with 24 new listings added recently. The median list price of $605,000 sits slightly below the typical home value, and homes are spending 64 days on market on average. A notable 32.8% of listings have received price cuts, which reflects the slower pace of sales. For sellers, this suggests patience will be needed to find the right buyer at the right price.

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