Market Intelligence · AZ / Phoenix

Phoenix, AZ 85085 Housing Market

The typical home in Phoenix 85085 is valued at $640,872, down 1.4% over the past year. The median list price is $675,875, and homes are taking a median of 58 days on market to sell.

Updated June 2026Median value$641K

The median home value in Phoenix, AZ 85085 is $641K as of June 2026, down 1.4% 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 85085 range

$590K to $692K

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

-1.4% over 12 months

Typical home value in 85085 over the last 12 months: $650K in Jun 2025 to $641K in Jun 2026 (-1.4%).

Jun 2025$650K

Jun 2026$641K

The numbers

What is the 85085 housing market like?

Typical home value

$641K

Down1.4%YoY

Median list price

$676K

Days on market

58

Down9.4%MoM

Homes for sale

163

Price cuts

28.3%

New listings

66

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

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The comparison

How do 85085 home prices compare?

  • 85085$640,872
  • 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

There are 163 homes for sale in 85085 as of June 1, 2026, with 66 new listings added recently. The median list price stands at $675,875, while the typical home value is $640,872, down 1.4% over the past year. Homes are sitting for a median of 58 days on market, and 28.3% of listings have had a price cut. Sellers should expect a slower pace and prepare to price carefully rather than counting on quick offers.

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