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Central City

PHOENIX, AZ 85007

Real Estate Market Report  ·  Maricopa County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
53
⇧ 51.4% vs 35 last year
Pending
8
15% pending ratio
Median Price
$609,000
⇩ 7.2% vs $656,250 last year
Average Price
$707,029
⇩ 11.3% vs $797,448 last year
Days on Market
85
⇧ 21.4% vs 70 days last year

Market Context

Population: 13,939  ·  Density: 1,169.0/mi²  ·  Median household income: $50,490

Typical home value: $358,473  ·  Homeownership: 39.8%

Market Analysis

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

The PHOENIX, AZ real estate market (85007) currently shows 53 active listings, with 8 pending sales. Homes are averaging 85 days on the market before going under contract.

Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 85 days on market compared to 70 days last year.

The median listing price has fallen 7.2% year-over-year, from $656,250 to $609,000.

Whether you are buying or selling in PHOENIX, AZ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 53 this year vs 35 last year
  • Days on market: 85 now vs 70 last year

Median & Average Pricing

Year over Year
  • Median: $609,000 (-7.2% YoY)
  • Average: $707,029 (-11.3% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 7.9 miles — 959 listings ($491,650,122 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85007Phoenix, AZ 850070.0 mi53$37,472,537$609,000$707,029
85004Phoenix, AZ 850041.2 mi53$33,662,844$519,900$635,148
85009Phoenix, AZ 850092.1 mi71$24,771,829$314,900$348,899
85034Phoenix, AZ 850344.2 mi13$7,292,870$427,000$560,990
85012Phoenix, AZ 850124.3 mi64$40,171,072$530,000$627,673
85013Phoenix, AZ 850134.4 mi91$51,913,134$430,000$570,474
85017Phoenix, AZ 850174.7 mi70$16,965,200$259,000$242,360
85019Phoenix, AZ 850195.3 mi53$17,574,376$360,000$331,592
85031Phoenix, AZ 850315.6 mi47$14,536,019$342,450$309,277
85043Phoenix, AZ 850436.2 mi85$33,432,370$379,999$393,322
85042Phoenix, AZ 850426.5 mi163$93,196,065$465,000$571,755
85033Phoenix, AZ 850337.7 mi87$27,868,362$342,000$320,326
85021Phoenix, AZ 850217.9 mi109$92,793,444$600,000$851,316

Frequently Asked Questions

How many homes are for sale in PHOENIX, AZ 85007?

As of January 2026, there are 53 active listings in PHOENIX, AZ (zip code 85007), compared to 35 the prior year.

What is the median home price in PHOENIX, AZ 85007?

The median listing price in PHOENIX, AZ 85007 is $609,000 as of January 2026, a 7.2% decrease from $656,250 the prior year.

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

Homes in PHOENIX, AZ 85007 spend an average of 85 days on the market before going under contract, compared to 70 days the prior year.

Is it a seller's or buyer's market in PHOENIX, AZ 85007?

Based on current inventory and days-on-market data as of January 2026, PHOENIX, AZ 85007 is currently a Buyer's Market. Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 85 days on market compared to 70 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 85007 save an estimated $12,180 compared to a typical 5% commission on the median listing price of $609,000. 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.