Market Intelligence · AZ / Phoenix

Phoenix, AZ 85086 Housing Market

In Phoenix, AZ 85086, the typical home value is $615,080, down 0.4% over the past year as of September 2026. The median list price is $783,750, and homes are taking a median of 58 days to sell.

Updated September 2026Median value$615K

The median home value in Phoenix, AZ 85086 is $615K as of September 2026, down 0.4% 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 85086 range

$566K to $664K

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

-0.4% over 12 months

Sep 2025$618K

Low $615KHigh $621K

Sep 2026$615K

The numbers

What is the 85086 housing market like?

As of September 2026

Typical home value

$615K

0.4%YoY

Median list price

$784K

4.5%MoM

Days on market

18.3%MoM

Homes for sale

227

8.1%MoM

Price cuts

33.6%

32.8%MoM

New listings

22.2%MoM

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

The outlook

85086 housing market forecast 2027

-1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85086 to fall 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 85086 fell 0.4%, per the Zillow Home Value Index.

Will home prices drop in 85086?

Zillow's forecast says they may: it expects typical home values in 85086 to fall 1.6% by September 2027, after a 0.4% 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 85086 home prices compare?

85086$615,080
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, Phoenix, AZ 85086 has 227 homes for sale, with 88 new listings coming on the market. The median list price is $783,750, while the typical home value is $615,080 and is down 0.4% over the past year. Homes are moving in a median of 58 days, which is not fast enough to support careless pricing. With 33.6% of listings carrying a price cut, buyers are pushing back when the ask does not fit. Sellers should price for the market buyers are seeing now, not for last year's expectations.

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Home price

Down payment20% · $123,016

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Common questions

What people ask us.

How much is a home in 85086 worth?

The typical home value in Phoenix, AZ 85086 is $615,080 as of September 2026. That is down 0.4% over the past year.

How fast are homes selling in Phoenix, AZ 85086?

The median days on market is 58 as of September 2026. There are 227 homes for sale, with 88 new listings.

Are sellers cutting prices in 85086?

Yes, 33.6% of listings have a price cut as of September 2026. That lines up with a typical value of $615,080 that is down 0.4% over the past year.

Discover

Nearby ZIP markets.

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