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Central City Downtown South Phoenix

PHOENIX, AZ 85034

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

Neighborhoods in ZIP 85034

Central City · Downtown · South Phoenix

Market Analysis

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

The PHOENIX, AZ real estate market (85034) currently shows 11 active listings, with 1 pending sales. Homes are averaging 61 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 selling faster, averaging 61 days on market compared to 71 days last year.

The median listing price has fallen 12.3% year-over-year, from $423,000 to $371,175.

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: 4,845  ·  Density: 161.7/mi²  ·  Median household income: $42,177

Typical home value: $279,642  ·  Homeownership: 15.9%

Market Overview

Active Listings
11
⇩ 42.1% vs 19 last year
Pending
1
9% pending ratio
Median Price
$371,175
⇩ 12.3% vs $423,000 last year
Average Price
$486,692
⇩ 8.1% vs $529,305 last year
Days on Market
61
⇩ 14.1% vs 71 days last year

Price Per Square Foot

Median $/sqft
$294
⇩ 7.3% vs $317/sqft last year
Median Home Size
1,218 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 11 this year vs 19 last year
  • Days on market: 61 now vs 71 last year

Median & Average Pricing

Year over Year
  • Median: $371,175 (-12.3% YoY)
  • Average: $486,692 (-8.1% 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 7.9 miles — 1,209 listings ($671,400,134 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85034Phoenix, AZ 850340.0 mi10$5,685,400$426,975$568,540
85006Phoenix, AZ 850062.6 mi71$37,346,710$495,750$526,010
85001Phoenix, AZ 850013.0 mi3$4,748,985$1,582,995$1,582,995
85003Phoenix, AZ 850033.5 mi80$72,620,960$762,444$907,762
85281Tempe, AZ 852815.1 mi106$69,760,508$492,500$658,118
85042Phoenix, AZ 850425.5 mi156$93,076,464$500,000$596,644
85282Tempe, AZ 852825.8 mi118$55,042,752$472,450$466,464
85288Tempe, AZ 852886.0 mi70$31,924,900$439,750$456,070
85041Phoenix, AZ 850416.1 mi146$74,166,102$424,250$507,987
85013Phoenix, AZ 850136.3 mi97$55,293,298$429,750$570,034
85044Phoenix, AZ 850446.6 mi158$90,968,658$450,000$575,751
85283Tempe, AZ 852837.0 mi117$60,581,079$499,900$517,787
85017Phoenix, AZ 850177.9 mi77$20,184,318$291,200$262,134

Frequently Asked Questions

How many homes are for sale in PHOENIX, AZ 85034?

As of March 2026, there are 11 active listings in PHOENIX, AZ (zip code 85034), compared to 19 the prior year.

What is the median home price in PHOENIX, AZ 85034?

The median listing price in PHOENIX, AZ 85034 is $371,175 as of March 2026, a 12.3% decrease from $423,000 the prior year.

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

Homes in PHOENIX, AZ 85034 spend an average of 61 days on the market before going under contract, compared to 71 days the prior year.

Is it a seller's or buyer's market in PHOENIX, AZ 85034?

Based on current inventory and days-on-market data as of March 2026, PHOENIX, AZ 85034 is currently a Seller's Market. Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 61 days on market compared to 71 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 85034 save an estimated $7,424 compared to a typical 5% commission on the median listing price of $371,175. 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.