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Central City Cooper Square Downtown Roosevelt

PHOENIX, AZ 85003

Real Estate Market Report  ·  Maricopa County
Balanced Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 85003

Central City · Cooper Square · Downtown · Roosevelt

Market Analysis

Data as of September 2026. Source: Realtor.com.

The PHOENIX, AZ real estate market (85003) currently shows 56 active listings, with 9 pending sales. Homes are averaging 90 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are selling faster, averaging 90 days on market compared to 103 days last year.

The median listing price has fallen 1.4% year-over-year, from $749,000 to $738,700.

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Market Context

Market Context

Population: 9,085  ·  Density: 1,885.8/mi²  ·  Median household income: $49,607

Typical home value: $538,898  ·  Homeownership: 28.7%

Market Overview

Active Listings
56
⇧ 19.1% vs 47 last year
Pending
9
16% pending ratio
Median Price
$738,700
⇩ 1.4% vs $749,000 last year
Average Price
$789,336
⇩ 8.4% vs $861,258 last year
Days on Market
90
⇩ 12.6% vs 103 days last year

Price Per Square Foot

Median $/sqft
$411
⇧ 2% vs $403/sqft last year
Median Home Size
1,676 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 56 this year vs 47 last year
  • Days on market: 90 now vs 103 last year

Median & Average Pricing

Year over Year
  • Median: $738,700 (-1.4% YoY)
  • Average: $789,336 (-8.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.1 miles — 1,345 listings ($866,288,688 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85003Phoenix, AZ 850030.0 mi80$72,620,960$762,444$907,762
85001Phoenix, AZ 850010.5 mi3$4,748,985$1,582,995$1,582,995
85006Phoenix, AZ 850062.0 mi71$37,346,710$495,750$526,010
85034Phoenix, AZ 850343.5 mi10$5,685,400$426,975$568,540
85013Phoenix, AZ 850134.1 mi97$55,293,298$429,750$570,034
85015Phoenix, AZ 850154.3 mi148$58,108,056$357,475$392,622
85041Phoenix, AZ 850414.8 mi146$74,166,102$424,250$507,987
85016Phoenix, AZ 850164.9 mi292$297,765,540$610,000$1,019,745
85019Phoenix, AZ 850195.5 mi56$17,947,888$349,250$320,498
85042Phoenix, AZ 850426.5 mi156$93,076,464$500,000$596,644
85035Phoenix, AZ 850356.9 mi68$22,861,056$336,000$336,192
85021Phoenix, AZ 850217.6 mi117$94,946,553$623,675$811,509
85051Phoenix, AZ 850518.1 mi101$31,721,676$337,500$314,076

Frequently Asked Questions

How many homes are for sale in PHOENIX, AZ 85003?

As of September 2026, there are 56 active listings in PHOENIX, AZ (zip code 85003), compared to 47 the prior year.

What is the median home price in PHOENIX, AZ 85003?

The median listing price in PHOENIX, AZ 85003 is $738,700 as of September 2026, a 1.4% decrease from $749,000 the prior year.

How long do homes stay on the market in PHOENIX, AZ?

Homes in PHOENIX, AZ 85003 spend an average of 90 days on the market before going under contract, compared to 103 days the prior year.

Is it a seller's or buyer's market in PHOENIX, AZ 85003?

Based on current inventory and days-on-market data as of September 2026, PHOENIX, AZ 85003 is currently a Balanced Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are selling faster, averaging 90 days on market compared to 103 days last year.

How much can I save on real estate commission in PHOENIX, AZ?

With SELL123.com's maximum 3% commission, sellers in PHOENIX, AZ 85003 save an estimated $14,774 compared to a typical 5% commission on the median listing price of $738,700. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.