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PHOENIX, AZ 85054

Real Estate Market Report  ·  Maricopa County
Balanced Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 85054

Desert View

Market Analysis

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

The PHOENIX, AZ real estate market (85054) currently shows 89 active listings, with 19 pending sales. Homes are averaging 46 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are selling faster, averaging 46 days on market compared to 48 days last year.

The median listing price has fallen 3.2% year-over-year, from $639,990 to $619,625.

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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
89
⇧ 12.7% vs 79 last year
Pending
19
21% pending ratio
Median Price
$619,625
⇩ 3.2% vs $639,990 last year
Average Price
$753,925
⇩ 1.6% vs $766,289 last year
Days on Market
46
⇩ 4.2% vs 48 days last year

Price Per Square Foot

Median $/sqft
$367
⇩ 2.7% vs $377/sqft last year
Median Home Size
1,697 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 89 this year vs 79 last year
  • Days on market: 46 now vs 48 last year

Median & Average Pricing

Year over Year
  • Median: $619,625 (-3.2% YoY)
  • Average: $753,925 (-1.6% 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 September 2026, there are 89 active listings in PHOENIX, AZ (zip code 85054), compared to 79 the prior year.

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

The median listing price in PHOENIX, AZ 85054 is $619,625 as of September 2026, a 3.2% decrease from $639,990 the prior year.

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

Homes in PHOENIX, AZ 85054 spend an average of 46 days on the market before going under contract, compared to 48 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 September 2026, PHOENIX, AZ 85054 is currently a Balanced Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are selling faster, averaging 46 days on market compared to 48 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 $12,393 compared to a typical 5% commission on the median listing price of $619,625. 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.