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PHOENIX, AZ 85054

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

Neighborhoods in ZIP 85054

Desert View

Market Analysis

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

The PHOENIX, AZ real estate market (85054) currently shows 106 active listings, with 33 pending sales. Homes are averaging 55 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 taking longer to sell, averaging 55 days on market compared to 46 days last year.

The median listing price has fallen 9.7% year-over-year, from $700,000 to $632,000.

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: 8,394  ·  Density: 378.5/mi²  ·  Median household income: $85,656

Typical home value: $465,977  ·  Homeownership: 33.5%

Market Overview

Active Listings
106
⇧ 11.6% vs 95 last year
Pending
33
31% pending ratio
Median Price
$632,000
⇩ 9.7% vs $700,000 last year
Average Price
$788,996
⇧ 1.3% vs $779,035 last year
Days on Market
55
⇧ 19.6% vs 46 days last year

Price Per Square Foot

Median $/sqft
$372
⇩ 2.1% vs $380/sqft last year
Median Home Size
1,732 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 106 this year vs 95 last year
  • Days on market: 55 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $632,000 (-9.7% YoY)
  • Average: $788,996 (+1.3% 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 12.6 miles — 2,734 listings ($3,143,979,901 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85054Phoenix, AZ 850540.0 mi116$93,818,828$641,450$808,783
85254Scottsdale, AZ 852544.2 mi340$464,797,680$997,500$1,367,052
85260Scottsdale, AZ 852605.6 mi269$382,869,852$773,700$1,423,308
85266Scottsdale, AZ 852666.0 mi222$488,492,574$1,643,500$2,200,417
85028Phoenix, AZ 850287.3 mi87$90,820,257$676,500$1,043,911
85258Scottsdale, AZ 852588.3 mi291$371,205,420$1,012,450$1,275,620
85023Phoenix, AZ 850239.0 mi90$44,433,180$429,350$493,702
85085Phoenix, AZ 850859.2 mi187$141,665,964$699,950$757,572
85020Phoenix, AZ 850209.7 mi210$131,628,210$422,000$626,801
85250Scottsdale, AZ 8525010.6 mi192$180,708,672$695,000$941,191
85053Phoenix, AZ 8505311.1 mi71$28,285,193$397,875$398,383
85021Phoenix, AZ 8502111.6 mi117$94,946,553$623,675$811,509
85251Scottsdale, AZ 8525112.6 mi542$630,307,518$632,500$1,162,929

Frequently Asked Questions

How many homes are for sale in PHOENIX, AZ 85054?

As of March 2026, there are 106 active listings in PHOENIX, AZ (zip code 85054), compared to 95 the prior year.

What is the median home price in PHOENIX, AZ 85054?

The median listing price in PHOENIX, AZ 85054 is $632,000 as of March 2026, a 9.7% decrease from $700,000 the prior year.

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

Homes in PHOENIX, AZ 85054 spend an average of 55 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in PHOENIX, AZ 85054?

Based on current inventory and days-on-market data as of March 2026, PHOENIX, AZ 85054 is currently a Buyer's Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 55 days on market compared to 46 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 85054 save an estimated $12,640 compared to a typical 5% commission on the median listing price of $632,000. 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.