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Phoenix, AZ 85016 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Phoenix, AZ inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.03
ActiveActive listings: 7777PendingPending sales: 22
Phoenix, AZ: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $549k$549kSoldMedian sold price (last 6 months): $567k$567k
What homes actually sell for in Phoenix, AZ
Distribution of 364 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $375k to $980k
$204k to $460k: 110 sales110sales$204k$460k to $716k: 102 sales$716k to $971k: 43 sales$716k$971k to $1.23M: 27 sales$1.23M to $1.48M: 16 sales$1.23M$1.48M to $1.74M: 16 sales$1.74M to $1.99M: 8 sales$1.74M$1.99M to $2.25M: 5 salesMedian $567k

What the numbers say

As of September 14, 2026, Resideline is tracking 77 active listings and 2 pending sales in ZIP code 85016. That pending-to-active ratio of 0.03 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $549,000, while the median of the 364 closed sales Resideline tracked over the last six months was $567,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 85016 for 66 days.

Frequently asked questions

What is the median home price in 85016?

The median closed sale price in Phoenix, AZ 85016 was $567,000 over the last six months, based on 364 closed sales tracked by Resideline. The middle half of those sales ranged from $375,000 to $980,000.

Is 85016 a buyer's or seller's market?

Resideline is currently tracking 2 pending sales against 77 active listings in 85016, a pending-to-active ratio of 0.03. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 85016 currently looks like a balanced market.

Nearby ZIP code market data

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