Active Listings
59
⇩ 24.4% vs 78 last year
Population: 34,861 · Density: 1,331.4/mi² · Median household income: $55,771
Typical home value: $246,197 · Homeownership: 46.0%
Data as of January 2026. Source: Realtor.com.
The PHOENIX, AZ real estate market (85040) currently shows 59 active listings, with 14 pending sales. Homes are averaging 80 days on the market before going under contract.
Inventory has tightened compared to last year, with 19 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 80 days on market compared to 68 days last year.
The median listing price has fallen 3.7% year-over-year, from $367,975 to $354,500.
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 85040 | Phoenix, AZ 85040 | 0.0 mi | 59 | $21,554,942 | $354,500 | $365,338 |
| 85042 | Phoenix, AZ 85042 | 3.5 mi | 163 | $93,196,065 | $465,000 | $571,755 |
| 85004 | Phoenix, AZ 85004 | 4.0 mi | 53 | $33,662,844 | $519,900 | $635,148 |
| 85003 | Phoenix, AZ 85003 | 4.3 mi | 57 | $52,833,699 | $769,000 | $926,907 |
| 85007 | Phoenix, AZ 85007 | 4.7 mi | 53 | $37,472,537 | $609,000 | $707,029 |
| 85041 | Phoenix, AZ 85041 | 5.0 mi | 140 | $71,242,080 | $420,000 | $508,872 |
| 85288 | Tempe, AZ 85288 | 5.6 mi | 64 | $27,964,288 | $394,450 | $436,942 |
| 85283 | Tempe, AZ 85283 | 6.2 mi | 98 | $51,950,094 | $500,000 | $530,103 |
| 85048 | Phoenix, AZ 85048 | 7.1 mi | 114 | $86,532,840 | $602,450 | $759,060 |
| 85016 | Phoenix, AZ 85016 | 7.2 mi | 262 | $266,279,770 | $595,000 | $1,016,335 |
| 85012 | Phoenix, AZ 85012 | 7.4 mi | 64 | $40,171,072 | $530,000 | $627,673 |
| 85013 | Phoenix, AZ 85013 | 7.9 mi | 91 | $51,913,134 | $430,000 | $570,474 |
| 85015 | Phoenix, AZ 85015 | 8.3 mi | 140 | $57,116,500 | $376,000 | $407,975 |
As of January 2026, there are 59 active listings in PHOENIX, AZ (zip code 85040), compared to 78 the prior year.
The median listing price in PHOENIX, AZ 85040 is $354,500 as of January 2026, a 3.7% decrease from $367,975 the prior year.
Homes in PHOENIX, AZ 85040 spend an average of 80 days on the market before going under contract, compared to 68 days the prior year.
Based on current inventory and days-on-market data as of January 2026, PHOENIX, AZ 85040 is currently a Balanced Market. Inventory has tightened compared to last year, with 19 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 80 days on market compared to 68 days last year.
With SELL123.com's maximum 3% commission, sellers in PHOENIX, AZ 85040 save an estimated $7,090 compared to a typical 5% commission on the median listing price of $354,500. 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.