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Alhambra Metrocenter North Mountain Palmaritas Phoenix West Mobile Home Park Sahara Mobile Home Park

PHOENIX, AZ 85051

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

Neighborhoods in ZIP 85051

Alhambra · Metrocenter · North Mountain · Palmaritas · Phoenix West Mobile Home Park · Sahara Mobile Home Park

Market Analysis

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

The PHOENIX, AZ real estate market (85051) currently shows 105 active listings, with 37 pending sales. Homes are averaging 40 days on the market before going under contract.

Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 40 days on market compared to 50 days last year.

The median listing price has fallen 7.5% year-over-year, from $375,000 to $346,937.

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: 43,520  ·  Density: 2,643.8/mi²  ·  Median household income: $57,176

Typical home value: $254,063  ·  Homeownership: 52.9%

Market Overview

Active Listings
105
⇩ 8.7% vs 115 last year
Pending
37
35% pending ratio
Median Price
$346,937
⇩ 7.5% vs $375,000 last year
Average Price
$317,885
⇩ 12% vs $361,424 last year
Days on Market
40
⇩ 20% vs 50 days last year

Price Per Square Foot

Median $/sqft
$224
⇩ 2.2% vs $229/sqft last year
Median Home Size
1,541 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 105 this year vs 115 last year
  • Days on market: 40 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $346,937 (-7.5% YoY)
  • Average: $317,885 (-12% 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 7.3 miles — 1,526 listings ($838,918,444 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85051Phoenix, AZ 850510.0 mi101$31,721,676$337,500$314,076
85302Glendale, AZ 853022.7 mi99$37,127,574$387,500$375,026
85301Glendale, AZ 853013.2 mi125$40,004,375$287,250$320,035
85017Phoenix, AZ 850173.5 mi77$20,184,318$291,200$262,134
85015Phoenix, AZ 850153.9 mi148$58,108,056$357,475$392,622
85020Phoenix, AZ 850204.6 mi210$131,628,210$422,000$626,801
85031Phoenix, AZ 850314.9 mi52$16,985,072$344,975$326,636
85012Phoenix, AZ 850125.1 mi79$47,007,449$517,225$595,031
85023Phoenix, AZ 850235.5 mi90$44,433,180$429,350$493,702
85033Phoenix, AZ 850336.4 mi102$31,918,758$335,750$312,929
85381Peoria, AZ 853816.7 mi90$48,864,510$453,450$542,939
85016Phoenix, AZ 850166.8 mi292$297,765,540$610,000$1,019,745
85305Glendale, AZ 853057.3 mi61$33,169,726$538,495$543,766

Frequently Asked Questions

How many homes are for sale in PHOENIX, AZ 85051?

As of March 2026, there are 105 active listings in PHOENIX, AZ (zip code 85051), compared to 115 the prior year.

What is the median home price in PHOENIX, AZ 85051?

The median listing price in PHOENIX, AZ 85051 is $346,937 as of March 2026, a 7.5% decrease from $375,000 the prior year.

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

Homes in PHOENIX, AZ 85051 spend an average of 40 days on the market before going under contract, compared to 50 days the prior year.

Is it a seller's or buyer's market in PHOENIX, AZ 85051?

Based on current inventory and days-on-market data as of March 2026, PHOENIX, AZ 85051 is currently a Seller's Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 40 days on market compared to 50 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 85051 save an estimated $6,939 compared to a typical 5% commission on the median listing price of $346,937. 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.