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Camelback East Central City Central Phoenix Starlite Trailer Park

PHOENIX, AZ 85008

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

Neighborhoods in ZIP 85008

Camelback East · Central City · Central Phoenix · Starlite Trailer Park

Market Analysis

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

The PHOENIX, AZ real estate market (85008) currently shows 131 active listings, with 24 pending sales. Homes are averaging 50 days on the market before going under contract.

Inventory has increased compared to last year, with 41 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 50 days on market compared to 46 days last year.

The median listing price has fallen 21% year-over-year, from $504,950 to $399,000.

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 Context

Market Context

Population: 61,759  ·  Density: 2,330.7/mi²  ·  Median household income: $57,728

Typical home value: $305,235  ·  Homeownership: 28.8%

Market Overview

Active Listings
131
⇧ 45.6% vs 90 last year
Pending
24
18% pending ratio
Median Price
$399,000
⇩ 21% vs $504,950 last year
Average Price
$502,417
⇩ 18.8% vs $618,461 last year
Days on Market
50
⇧ 8.7% vs 46 days last year

Price Per Square Foot

Median $/sqft
$311
⇩ 4.6% vs $326/sqft last year
Median Home Size
1,305 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 131 this year vs 90 last year
  • Days on market: 50 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $399,000 (-21% YoY)
  • Average: $502,417 (-18.8% 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 8.2 miles — 1,643 listings ($1,066,706,048 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85008Phoenix, AZ 850080.0 mi111$56,050,338$399,000$504,958
85006Phoenix, AZ 850063.5 mi71$37,346,710$495,750$526,010
85016Phoenix, AZ 850164.0 mi292$297,765,540$610,000$1,019,745
85257Scottsdale, AZ 852574.2 mi190$110,142,240$642,000$579,696
85040Phoenix, AZ 850404.6 mi59$21,379,889$347,000$362,371
85004Phoenix, AZ 850044.8 mi55$37,055,975$523,748$673,745
85003Phoenix, AZ 850035.3 mi80$72,620,960$762,444$907,762
85282Tempe, AZ 852825.7 mi118$55,042,752$472,450$466,464
85007Phoenix, AZ 850076.1 mi56$41,195,616$598,000$735,636
85013Phoenix, AZ 850136.4 mi97$55,293,298$429,750$570,034
85015Phoenix, AZ 850157.3 mi148$58,108,056$357,475$392,622
85042Phoenix, AZ 850428.1 mi156$93,076,464$500,000$596,644
85020Phoenix, AZ 850208.2 mi210$131,628,210$422,000$626,801

Frequently Asked Questions

How many homes are for sale in PHOENIX, AZ 85008?

As of March 2026, there are 131 active listings in PHOENIX, AZ (zip code 85008), compared to 90 the prior year.

What is the median home price in PHOENIX, AZ 85008?

The median listing price in PHOENIX, AZ 85008 is $399,000 as of March 2026, a 21% decrease from $504,950 the prior year.

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

Homes in PHOENIX, AZ 85008 spend an average of 50 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in PHOENIX, AZ 85008?

Based on current inventory and days-on-market data as of March 2026, PHOENIX, AZ 85008 is currently a Buyer's Market. Inventory has increased compared to last year, with 41 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 50 days on market compared to 46 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 85008 save an estimated $7,980 compared to a typical 5% commission on the median listing price of $399,000. 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.