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Legend Estates Maryvale Parkwood Young America Homes

PHOENIX, AZ 85031

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

Neighborhoods in ZIP 85031

Legend Estates · Maryvale · Parkwood · Young America Homes

Market Analysis

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

The PHOENIX, AZ real estate market (85031) currently shows 44 active listings, with 18 pending sales. Homes are averaging 67 days on the market before going under contract.

Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 67 days on market compared to 57 days last year.

The median listing price has fallen 5.7% year-over-year, from $349,900 to $329,975.

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: 31,838  ·  Density: 3,026.6/mi²  ·  Median household income: $60,741

Typical home value: $219,204  ·  Homeownership: 60.8%

Market Overview

Active Listings
44
⇩ 15.4% vs 52 last year
Pending
18
41% pending ratio
Median Price
$329,975
⇩ 5.7% vs $349,900 last year
Average Price
$290,089
⇩ 7% vs $311,930 last year
Days on Market
67
⇧ 17.5% vs 57 days last year

Price Per Square Foot

Median $/sqft
$205
⇩ 1.9% vs $209/sqft last year
Median Home Size
1,455 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 44 this year vs 52 last year
  • Days on market: 67 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $329,975 (-5.7% YoY)
  • Average: $290,089 (-7% 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 7.2 miles — 1,218 listings ($585,652,715 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85031Phoenix, AZ 850310.0 mi52$16,985,072$344,975$326,636
85035Phoenix, AZ 850352.2 mi68$22,861,056$336,000$336,192
85301Glendale, AZ 853012.6 mi125$40,004,375$287,250$320,035
85015Phoenix, AZ 850154.0 mi148$58,108,056$357,475$392,622
85009Phoenix, AZ 850094.2 mi68$24,784,776$325,000$364,482
85051Phoenix, AZ 850514.9 mi101$31,721,676$337,500$314,076
85302Glendale, AZ 853025.1 mi99$37,127,574$387,500$375,026
85007Phoenix, AZ 850075.6 mi56$41,195,616$598,000$735,636
85012Phoenix, AZ 850125.7 mi79$47,007,449$517,225$595,031
85021Phoenix, AZ 850216.2 mi117$94,946,553$623,675$811,509
85014Phoenix, AZ 850146.5 mi154$93,372,202$449,500$606,313
85304Glendale, AZ 853047.0 mi80$40,191,600$444,450$502,395
85006Phoenix, AZ 850067.2 mi71$37,346,710$495,750$526,010

Frequently Asked Questions

How many homes are for sale in PHOENIX, AZ 85031?

As of June 2026, there are 44 active listings in PHOENIX, AZ (zip code 85031), compared to 52 the prior year.

What is the median home price in PHOENIX, AZ 85031?

The median listing price in PHOENIX, AZ 85031 is $329,975 as of June 2026, a 5.7% decrease from $349,900 the prior year.

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

Homes in PHOENIX, AZ 85031 spend an average of 67 days on the market before going under contract, compared to 57 days the prior year.

Is it a seller's or buyer's market in PHOENIX, AZ 85031?

Based on current inventory and days-on-market data as of June 2026, PHOENIX, AZ 85031 is currently a Balanced Market. Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 67 days on market compared to 57 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 85031 save an estimated $6,600 compared to a typical 5% commission on the median listing price of $329,975. 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.