Population: 43,520 · Density: 2,643.8/mi² · Median household income: $57,176
Typical home value: $254,063 · Homeownership: 52.9%
Data as of January 2026. Source: Realtor.com.
The PHOENIX, AZ real estate market (85051) currently shows 99 active listings, with 31 pending sales. Homes are averaging 60 days on the market before going under contract.
Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.
Homes are selling faster, averaging 60 days on market compared to 65 days last year.
The median listing price has fallen 8.5% year-over-year, from $382,475 to $349,950.
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 $ |
|---|---|---|---|---|---|---|
| 85051 | Phoenix, AZ 85051 | 0.0 mi | 99 | $32,571,099 | $349,950 | $329,001 |
| 85302 | Glendale, AZ 85302 | 2.7 mi | 102 | $39,410,046 | $396,750 | $386,373 |
| 85301 | Glendale, AZ 85301 | 3.2 mi | 135 | $44,233,425 | $299,894 | $327,655 |
| 85017 | Phoenix, AZ 85017 | 3.5 mi | 70 | $16,965,200 | $259,000 | $242,360 |
| 85015 | Phoenix, AZ 85015 | 3.9 mi | 140 | $57,116,500 | $376,000 | $407,975 |
| 85020 | Phoenix, AZ 85020 | 4.6 mi | 177 | $102,834,876 | $396,500 | $580,988 |
| 85031 | Phoenix, AZ 85031 | 4.9 mi | 47 | $14,536,019 | $342,450 | $309,277 |
| 85012 | Phoenix, AZ 85012 | 5.1 mi | 64 | $40,171,072 | $530,000 | $627,673 |
| 85023 | Phoenix, AZ 85023 | 5.5 mi | 75 | $35,376,300 | $425,000 | $471,684 |
| 85033 | Phoenix, AZ 85033 | 6.4 mi | 87 | $27,868,362 | $342,000 | $320,326 |
| 85381 | Peoria, AZ 85381 | 6.7 mi | 97 | $52,150,110 | $454,999 | $537,630 |
| 85016 | Phoenix, AZ 85016 | 6.8 mi | 262 | $266,279,770 | $595,000 | $1,016,335 |
| 85305 | Glendale, AZ 85305 | 7.3 mi | 51 | $27,790,716 | $540,000 | $544,916 |
As of January 2026, there are 99 active listings in PHOENIX, AZ (zip code 85051), compared to 88 the prior year.
The median listing price in PHOENIX, AZ 85051 is $349,950 as of January 2026, a 8.5% decrease from $382,475 the prior year.
Homes in PHOENIX, AZ 85051 spend an average of 60 days on the market before going under contract, compared to 65 days the prior year.
Based on current inventory and days-on-market data as of January 2026, PHOENIX, AZ 85051 is currently a Balanced Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are selling faster, averaging 60 days on market compared to 65 days last year.
With SELL123.com's maximum 3% commission, sellers in PHOENIX, AZ 85051 save an estimated $6,999 compared to a typical 5% commission on the median listing price of $349,950. 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.