Market Intelligence · AZ / Phoenix

Phoenix, AZ 85085 Housing Market

Phoenix's 85085 ZIP has a typical home value of $637,517, down 1.2% over the past year. The median list price stands at $687,000, with homes staying on the market for a median of 74 days.

Updated August 2026Median value$632K

The median home value in Phoenix, AZ 85085 is $632K as of August 2026, down 1.0% 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.

Get a cash offer

Sell without the wait

Sell your Phoenix home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 85085 range

$582K to $683K

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.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 85085 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Phoenix, AZ.

12-month value trend

-1.0% over 12 months

Typical home value in 85085 over the last 12 months: $639K in Aug 2025 to $632K in Aug 2026 (-1.0%).

Aug 2025$639K

Aug 2026$632K

The numbers

What is the 85085 housing market like?

Typical home value

$632K

Down1.0%YoY

Median list price

$687K

Up0.9%MoM

Days on market

74

Up8.8%MoM

Homes for sale

144

Down2.0%MoM

Price cuts

31.6%

Up8.5%MoM

New listings

36

Down14.3%MoM

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

Free home value report

See what your 85085 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 85085 home prices compare?

  • 85085$632,481
  • 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

The area currently has 144 homes for sale, with 36 new listings added recently. Nearly a third of listings, 31.6%, carry a price cut, reflecting softer demand. Days on market at 74 suggests buyers are taking their time to decide. For sellers, this environment rewards pricing strategy and honest condition disclosure over hopes for bidding wars.

Monthly payment

Estimate your monthly payment.

20% · $126,496

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.