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Data as of March 2026. Source: Realtor.com.
The PHOENIX, AZ real estate market (85023) currently shows 101 active listings, with 40 pending sales. Homes are averaging 47 days on the market before going under contract.
Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 47 days on market compared to 38 days last year.
The median listing price has fallen 12.1% year-over-year, from $487,450 to $428,500.
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.
Population: 33,097 · Density: 1,723.8/mi² · Median household income: $67,986
Typical home value: $318,206 · Homeownership: 58.4%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 85023 | Phoenix, AZ 85023 | 0.0 mi | 90 | $44,433,180 | $429,350 | $493,702 |
| 85022 | Phoenix, AZ 85022 | 2.5 mi | 165 | $89,849,925 | $450,368 | $544,545 |
| 85027 | Phoenix, AZ 85027 | 3.2 mi | 108 | $36,331,092 | $299,250 | $336,399 |
| 85021 | Phoenix, AZ 85021 | 4.9 mi | 117 | $94,946,553 | $623,675 | $811,509 |
| 85020 | Phoenix, AZ 85020 | 5.0 mi | 210 | $131,628,210 | $422,000 | $626,801 |
| 85304 | Glendale, AZ 85304 | 5.4 mi | 80 | $40,191,600 | $444,450 | $502,395 |
| 85308 | Glendale, AZ 85308 | 5.6 mi | 217 | $129,508,855 | $519,325 | $596,815 |
| 85310 | Glendale, AZ 85310 | 6.2 mi | 63 | $62,934,102 | $745,000 | $998,954 |
| 85050 | Phoenix, AZ 85050 | 6.7 mi | 143 | $112,431,319 | $607,474 | $786,233 |
| 85254 | Scottsdale, AZ 85254 | 8.3 mi | 340 | $464,797,680 | $997,500 | $1,367,052 |
| 85013 | Phoenix, AZ 85013 | 8.4 mi | 97 | $55,293,298 | $429,750 | $570,034 |
| 85083 | Phoenix, AZ 85083 | 8.5 mi | 66 | $53,721,228 | $697,225 | $813,958 |
| 85085 | Phoenix, AZ 85085 | 8.7 mi | 187 | $141,665,964 | $699,950 | $757,572 |
As of March 2026, there are 101 active listings in PHOENIX, AZ (zip code 85023), compared to 86 the prior year.
The median listing price in PHOENIX, AZ 85023 is $428,500 as of March 2026, a 12.1% decrease from $487,450 the prior year.
Homes in PHOENIX, AZ 85023 spend an average of 47 days on the market before going under contract, compared to 38 days the prior year.
Based on current inventory and days-on-market data as of March 2026, PHOENIX, AZ 85023 is currently a Buyer's Market. Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 47 days on market compared to 38 days last year.
With SELL123.com's maximum 3% commission, sellers in PHOENIX, AZ 85023 save an estimated $8,570 compared to a typical 5% commission on the median listing price of $428,500. 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.