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Biltmore Gates Biltmore Villas Camelback East Camlback Corridor Central Phoenix Colony Biltmore IV Squaw Peak Terrace Taliverde Village on the Lakes

PHOENIX, AZ 85016

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

Neighborhoods in ZIP 85016

Biltmore Gates · Biltmore Villas · Camelback East · Camlback Corridor · Central Phoenix · Colony Biltmore IV · Squaw Peak Terrace · Taliverde · Village on the Lakes

Market Analysis

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

The PHOENIX, AZ real estate market (85016) currently shows 317 active listings, with 78 pending sales. Homes are averaging 66 days on the market before going under contract.

Inventory has increased compared to last year, with 54 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 66 days on market compared to 58 days last year.

The median listing price has fallen 14.7% year-over-year, from $669,500 to $571,000.

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: 37,025  ·  Density: 1,744.2/mi²  ·  Median household income: $80,315

Typical home value: $460,622  ·  Homeownership: 49.8%

Market Overview

Active Listings
317
⇧ 20.5% vs 263 last year
Pending
78
25% pending ratio
Median Price
$571,000
⇩ 14.7% vs $669,500 last year
Average Price
$1,004,958
⇩ 5.4% vs $1,062,425 last year
Days on Market
66
⇧ 13.8% vs 58 days last year

Price Per Square Foot

Median $/sqft
$381
⇩ 3.5% vs $395/sqft last year
Median Home Size
1,583 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 317 this year vs 263 last year
  • Days on market: 66 now vs 58 last year

Median & Average Pricing

Year over Year
  • Median: $571,000 (-14.7% YoY)
  • Average: $1,004,958 (-5.4% 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 7.5 miles — 2,099 listings ($2,110,979,808 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85016Phoenix, AZ 850160.0 mi292$297,765,540$610,000$1,019,745
85018Phoenix, AZ 850182.3 mi311$648,009,241$1,100,000$2,083,631
85013Phoenix, AZ 850133.0 mi97$55,293,298$429,750$570,034
85008Phoenix, AZ 850084.0 mi111$56,050,338$399,000$504,958
85020Phoenix, AZ 850204.3 mi210$131,628,210$422,000$626,801
85001Phoenix, AZ 850014.7 mi3$4,748,985$1,582,995$1,582,995
85003Phoenix, AZ 850034.9 mi80$72,620,960$762,444$907,762
85028Phoenix, AZ 850285.1 mi87$90,820,257$676,500$1,043,911
85017Phoenix, AZ 850175.4 mi77$20,184,318$291,200$262,134
85251Scottsdale, AZ 852516.4 mi542$630,307,518$632,500$1,162,929
85051Phoenix, AZ 850516.8 mi101$31,721,676$337,500$314,076
85040Phoenix, AZ 850407.2 mi59$21,379,889$347,000$362,371
85029Phoenix, AZ 850297.5 mi129$50,449,578$379,000$391,082

Frequently Asked Questions

How many homes are for sale in PHOENIX, AZ 85016?

As of April 2026, there are 317 active listings in PHOENIX, AZ (zip code 85016), compared to 263 the prior year.

What is the median home price in PHOENIX, AZ 85016?

The median listing price in PHOENIX, AZ 85016 is $571,000 as of April 2026, a 14.7% decrease from $669,500 the prior year.

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

Homes in PHOENIX, AZ 85016 spend an average of 66 days on the market before going under contract, compared to 58 days the prior year.

Is it a seller's or buyer's market in PHOENIX, AZ 85016?

Based on current inventory and days-on-market data as of April 2026, PHOENIX, AZ 85016 is currently a Buyer's Market. Inventory has increased compared to last year, with 54 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 66 days on market compared to 58 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 85016 save an estimated $11,420 compared to a typical 5% commission on the median listing price of $571,000. 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.