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Paradise Valley

PHOENIX, AZ 85028

Real Estate Market Report  ·  Maricopa County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
80
⇩ 1.2% vs 81 last year
Pending
25
31% pending ratio
Median Price
$704,500
⇩ 11.5% vs $796,000 last year
Average Price
$1,109,905
⇧ 18.2% vs $939,180 last year
Days on Market
65
⇧ 18.2% vs 55 days last year

Market Context

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

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

Market Analysis

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

The PHOENIX, AZ real estate market (85028) currently shows 80 active listings, with 25 pending sales. Homes are averaging 65 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 65 days on market compared to 55 days last year.

The median listing price has fallen 11.5% year-over-year, from $796,000 to $704,500.

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.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 80 this year vs 81 last year
  • Days on market: 65 now vs 55 last year

Median & Average Pricing

Year over Year
  • Median: $704,500 (-11.5% YoY)
  • Average: $1,109,905 (+18.2% 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 8.2 miles — 2,033 listings ($2,050,074,676 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85028Phoenix, AZ 850280.0 mi80$88,792,400$704,500$1,109,905
85032Phoenix, AZ 850323.1 mi215$99,913,940$411,998$464,716
85254Scottsdale, AZ 852544.0 mi306$397,224,720$948,500$1,298,120
85018Phoenix, AZ 850184.4 mi285$584,796,630$1,150,000$2,051,918
85021Phoenix, AZ 850215.2 mi109$92,793,444$600,000$851,316
85029Phoenix, AZ 850295.9 mi122$47,808,140$385,000$391,870
85012Phoenix, AZ 850126.3 mi64$40,171,072$530,000$627,673
85258Scottsdale, AZ 852586.8 mi234$286,861,302$984,000$1,225,903
85050Phoenix, AZ 850507.3 mi123$104,387,394$648,750$848,678
85015Phoenix, AZ 850157.4 mi140$57,116,500$376,000$407,975
85250Scottsdale, AZ 852507.7 mi180$170,917,920$699,000$949,544
85053Phoenix, AZ 850537.9 mi69$27,619,182$399,000$400,278
85008Phoenix, AZ 850088.2 mi106$51,672,032$399,999$487,472

Frequently Asked Questions

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

As of January 2026, there are 80 active listings in PHOENIX, AZ (zip code 85028), compared to 81 the prior year.

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

The median listing price in PHOENIX, AZ 85028 is $704,500 as of January 2026, a 11.5% decrease from $796,000 the prior year.

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

Homes in PHOENIX, AZ 85028 spend an average of 65 days on the market before going under contract, compared to 55 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 January 2026, PHOENIX, AZ 85028 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 65 days on market compared to 55 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 $14,090 compared to a typical 5% commission on the median listing price of $704,500. 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.