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Cactus Doubletree Canyon Firebrand Ranch North Phoenix Paradise Valley Rancho San Carlos Stony Mountain Villas Sun Valley Mobile Home Park The Preserve Village Fairways Vista del Cerro

PHOENIX, AZ 85028

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

Neighborhoods in ZIP 85028

Cactus · Doubletree Canyon · Firebrand Ranch · North Phoenix · Paradise Valley · Rancho San Carlos · Stony Mountain Villas · Sun Valley Mobile Home Park · The Preserve · Village Fairways · Vista del Cerro

Market Analysis

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

The PHOENIX, AZ real estate market (85028) currently shows 94 active listings, with 44 pending sales. Homes are averaging 38 days on the market before going under contract.

Inventory has tightened compared to last year, with 18 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 38 days on market compared to 47 days last year.

The median listing price has fallen 7.6% year-over-year, from $769,995 to $711,450.

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: 18,174  ·  Density: 1,024.2/mi²  ·  Median household income: $112,865

Typical home value: $509,381  ·  Homeownership: 86.4%

Market Overview

Active Listings
94
⇩ 16.1% vs 112 last year
Pending
44
47% pending ratio
Median Price
$711,450
⇩ 7.6% vs $769,995 last year
Average Price
$1,084,581
⇧ 12.3% vs $965,752 last year
Days on Market
38
⇩ 19.1% vs 47 days last year

Price Per Square Foot

Median $/sqft
$388
⇧ 3.2% vs $376/sqft last year
Median Home Size
2,054 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 94 this year vs 112 last year
  • Days on market: 38 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $711,450 (-7.6% YoY)
  • Average: $1,084,581 (+12.3% 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
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 — 2,244 listings ($2,314,094,406 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85028Phoenix, AZ 850280.0 mi87$90,820,257$676,500$1,043,911
85032Phoenix, AZ 850323.1 mi225$111,274,650$425,620$494,554
85254Scottsdale, AZ 852544.0 mi340$464,797,680$997,500$1,367,052
85018Phoenix, AZ 850184.4 mi311$648,009,241$1,100,000$2,083,631
85021Phoenix, AZ 850215.2 mi117$94,946,553$623,675$811,509
85029Phoenix, AZ 850295.9 mi129$50,449,578$379,000$391,082
85012Phoenix, AZ 850126.3 mi79$47,007,449$517,225$595,031
85258Scottsdale, AZ 852586.8 mi291$371,205,420$1,012,450$1,275,620
85050Phoenix, AZ 850507.3 mi143$112,431,319$607,474$786,233
85015Phoenix, AZ 850157.4 mi148$58,108,056$357,475$392,622
85250Scottsdale, AZ 852507.7 mi192$180,708,672$695,000$941,191
85053Phoenix, AZ 850537.9 mi71$28,285,193$397,875$398,383
85008Phoenix, AZ 850088.2 mi111$56,050,338$399,000$504,958

Frequently Asked Questions

How many homes are for sale in PHOENIX, AZ 85028?

As of March 2026, there are 94 active listings in PHOENIX, AZ (zip code 85028), compared to 112 the prior year.

What is the median home price in PHOENIX, AZ 85028?

The median listing price in PHOENIX, AZ 85028 is $711,450 as of March 2026, a 7.6% decrease from $769,995 the prior year.

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

Homes in PHOENIX, AZ 85028 spend an average of 38 days on the market before going under contract, compared to 47 days the prior year.

Is it a seller's or buyer's market in PHOENIX, AZ 85028?

Based on current inventory and days-on-market data as of March 2026, PHOENIX, AZ 85028 is currently a Seller's Market. Inventory has tightened compared to last year, with 18 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 38 days on market compared to 47 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 85028 save an estimated $14,229 compared to a typical 5% commission on the median listing price of $711,450. 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.