Market Intelligence · AZ / Phoenix

Phoenix, AZ 85085 Housing Market

The typical home value in Phoenix, AZ 85085 is $633,350, down 0.8% over the past year as of September 2026. Sellers are listing at a median price of $703,724, and homes are spending a median of 68 days on the market.

Updated September 2026Median value$633K

The median home value in Phoenix, AZ 85085 is $633K as of September 2026, down 0.8% 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.

Human help

Licensed pros in 85085.

David Patterson

Primary seat

David Patterson

Lic #BR576960000 AZ

With 20+ years of residential real estate experience and approximately 1,000 homes sold, I bring proven experience, local market knowledge and skilled negotiation to every client. As the Designated Broker/Owner of Patterson Real Estate Group, I provide straightforward, honest advice—not sales pressure. Whether you're buying, selling, relocating or simply exploring your options, you'll get experienced guidance, responsive communication and a strategy built around your goals.

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Typical 85085 range

$583K to $684K

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

-0.8% over 12 months

Typical home value in 85085 over the last 12 months: $638K in Sep 2025 to $633K in Sep 2026 (-0.8%).

Sep 2025$638K

Sep 2026$633K

The numbers

What is the 85085 housing market like?

Typical home value

$633K

Down0.8%YoY

Median list price

$704K

Up2.4%MoM

Days on market

68

Down8.1%MoM

Homes for sale

125

Down13.2%MoM

Price cuts

26.9%

Down14.9%MoM

New listings

30

Down16.7%MoM

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

The outlook

85085 housing market forecast 2027

-1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85085 to fall 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 85085 fell 0.8%, per the Zillow Home Value Index.

Will home prices drop in 85085?

Zillow's forecast says they may: it expects typical home values in 85085 to fall 1.5% by September 2027, after a 0.8% decline 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 85085 home prices compare?

  • 85085$633,350
  • 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

As of September 2026, there are 125 homes for sale in 85085, with 30 new listings hitting the market. The median list price sits at $703,724, well above the typical home value of $633,350, which has slipped 0.8% over the past year. Homes are taking a median of 68 days to sell, and 26.9% of listings have had a price cut. For a seller, this points to a market where pricing realistically from the start matters more than it did a year ago.

Monthly payment

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20% · $126,670

Common questions

What people ask us.

How much is a home in 85085 worth?

The typical home value in 85085 is $633,350 as of September 2026, down 0.8% over the past year.

How long does it take to sell a home in 85085?

Homes in 85085 spend a median of 68 days on the market as of September 2026.

Are sellers cutting prices in 85085?

Yes. As of September 2026, 26.9% of listings in 85085 have had a price cut, with a median list price of $703,724.

Discover

Nearby ZIP markets.

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Guides for sellers.