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PHOENIX, AZ 85054

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

Market Overview

Active Listings
96
⇧ 35.2% vs 71 last year
Pending
27
28% pending ratio
Median Price
$586,250
⇩ 11.1% vs $659,250 last year
Average Price
$759,205
⇩ 3.2% vs $784,032 last year
Days on Market
72
⇧ 60% vs 45 days last year

Market Context

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

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

Market Analysis

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

The PHOENIX, AZ real estate market (85054) currently shows 96 active listings, with 27 pending sales. Homes are averaging 72 days on the market before going under contract.

Inventory has increased compared to last year, with 25 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 72 days on market compared to 45 days last year.

The median listing price has fallen 11.1% year-over-year, from $659,250 to $586,250.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 96 this year vs 71 last year
  • Days on market: 72 now vs 45 last year

Median & Average Pricing

Year over Year
  • Median: $586,250 (-11.1% YoY)
  • Average: $759,205 (-3.2% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 12.6 miles — 2,450 listings ($2,746,774,915 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85054Phoenix, AZ 850540.0 mi96$72,883,680$586,250$759,205
85254Scottsdale, AZ 852544.2 mi306$397,224,720$948,500$1,298,120
85260Scottsdale, AZ 852605.6 mi237$307,034,211$720,000$1,295,503
85266Scottsdale, AZ 852666.0 mi200$443,712,200$1,710,000$2,218,561
85028Phoenix, AZ 850287.3 mi80$88,792,400$704,500$1,109,905
85258Scottsdale, AZ 852588.3 mi234$286,861,302$984,000$1,225,903
85023Phoenix, AZ 850239.0 mi75$35,376,300$425,000$471,684
85085Phoenix, AZ 850859.2 mi168$128,703,456$699,900$766,092
85020Phoenix, AZ 850209.7 mi177$102,834,876$396,500$580,988
85250Scottsdale, AZ 8525010.6 mi180$170,917,920$699,000$949,544
85053Phoenix, AZ 8505311.1 mi69$27,619,182$399,000$400,278
85021Phoenix, AZ 8502111.6 mi109$92,793,444$600,000$851,316
85251Scottsdale, AZ 8525112.6 mi519$592,021,224$619,000$1,140,696

Frequently Asked Questions

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

As of January 2026, there are 96 active listings in PHOENIX, AZ (zip code 85054), compared to 71 the prior year.

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

The median listing price in PHOENIX, AZ 85054 is $586,250 as of January 2026, a 11.1% decrease from $659,250 the prior year.

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

Homes in PHOENIX, AZ 85054 spend an average of 72 days on the market before going under contract, compared to 45 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 January 2026, PHOENIX, AZ 85054 is currently a Buyer's Market. Inventory has increased compared to last year, with 25 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 72 days on market compared to 45 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 $11,725 compared to a typical 5% commission on the median listing price of $586,250. 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.