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All market snapshots / 85016

Phoenix, AZ 85016 Housing Market

Data snapshot: October 5, 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: 9090PendingPending sales: 33
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): $565k$565kSoldMedian sold price (last 6 months): $565k$565k
What homes actually sell for in Phoenix, AZ
Distribution of 340 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $374k to $949k
$220k to $485k: 119 sales119sales$220k$485k to $749k: 89 sales$749k to $1.01M: 42 sales$749k$1.01M to $1.28M: 18 sales$1.28M to $1.54M: 16 sales$1.28M$1.54M to $1.81M: 15 sales$1.81M to $2.07M: 2 sales$1.81M$2.07M to $2.34M: 5 salesMedian $565k

What the numbers say

As of October 5, 2026, Resideline is tracking 90 active listings and 3 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 $565,000, while the median of the 340 closed sales Resideline tracked over the last six months was $565,000. 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 72 days.

Frequently asked questions

What is the median home price in 85016?

The median closed sale price in Phoenix, AZ 85016 was $565,000 over the last six months, based on 340 closed sales tracked by Resideline. The middle half of those sales ranged from $374,500 to $949,000.

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

Resideline is currently tracking 3 pending sales against 90 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

Full Phoenix, AZ housing market report →

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