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PHOENIX, AZ 85085

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

Market Overview

Active Listings
168
⇩ 6.7% vs 180 last year
Pending
40
24% pending ratio
Median Price
$699,900
⇧ 0.5% vs $696,698 last year
Average Price
$766,092
vs $766,037 last year
Days on Market
79
⇧ 17.9% vs 67 days last year

Market Context

Population: 27,769  ·  Density: 281.3/mi²  ·  Median household income: $112,928

Typical home value: $530,333  ·  Homeownership: 60.1%

Market Analysis

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

The PHOENIX, AZ real estate market (85085) currently shows 168 active listings, with 40 pending sales. Homes are averaging 79 days on the market before going under contract.

Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 79 days on market compared to 67 days last year.

The median listing price has risen 0.5% year-over-year, from $696,698 to $699,900.

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: 168 this year vs 180 last year
  • Days on market: 79 now vs 67 last year

Median & Average Pricing

Year over Year
  • Median: $699,900 (+0.5% YoY)
  • Average: $766,092 (+0% 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 13.6 miles — 1,628 listings ($1,506,375,043 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85085Phoenix, AZ 850850.0 mi168$128,703,456$699,900$766,092
85083Phoenix, AZ 850835.2 mi64$50,892,480$680,000$795,195
85086Phoenix, AZ 850865.8 mi306$258,475,446$732,000$844,691
85310Glendale, AZ 853107.0 mi62$59,784,864$659,000$964,272
85023Phoenix, AZ 850238.7 mi75$35,376,300$425,000$471,684
85054Phoenix, AZ 850549.2 mi96$72,883,680$586,250$759,205
85053Phoenix, AZ 850539.4 mi69$27,619,182$399,000$400,278
85377Carefree, AZ 8537710.3 mi99$178,852,707$1,459,450$1,806,593
85029Phoenix, AZ 8502911.3 mi122$47,808,140$385,000$391,870
85254Scottsdale, AZ 8525412.1 mi306$397,224,720$948,500$1,298,120
85087New River, AZ 8508712.5 mi72$67,168,224$749,999$932,892
85028Phoenix, AZ 8502812.7 mi80$88,792,400$704,500$1,109,905
85021Phoenix, AZ 8502113.6 mi109$92,793,444$600,000$851,316

Frequently Asked Questions

How many homes are for sale in PHOENIX, AZ 85085?

As of January 2026, there are 168 active listings in PHOENIX, AZ (zip code 85085), compared to 180 the prior year.

What is the median home price in PHOENIX, AZ 85085?

The median listing price in PHOENIX, AZ 85085 is $699,900 as of January 2026, a 0.5% increase from $696,698 the prior year.

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

Homes in PHOENIX, AZ 85085 spend an average of 79 days on the market before going under contract, compared to 67 days the prior year.

Is it a seller's or buyer's market in PHOENIX, AZ 85085?

Based on current inventory and days-on-market data as of January 2026, PHOENIX, AZ 85085 is currently a Balanced Market. Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 79 days on market compared to 67 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 85085 save an estimated $13,998 compared to a typical 5% commission on the median listing price of $699,900. 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.