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Phoenix, AZ 85027 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: 0.06
ActiveActive listings: 3434PendingPending 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): $319k$319kSoldMedian sold price (last 6 months): $352k$352k
What homes actually sell for in Phoenix, AZ
Distribution of 230 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $255k to $405k
$161k to $206k: 20 sales$161k$206k to $251k: 24 sales$251k to $296k: 23 sales$251k$296k to $340k: 30 sales$340k to $385k: 38 sales$340k$385k to $430k: 46 sales46sales$430k to $475k: 19 sales$430k$475k to $520k: 7 salesMedian $352k

What the numbers say

As of October 5, 2026, Resideline is tracking 34 active listings and 2 pending sales in ZIP code 85027. That pending-to-active ratio of 0.06 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $318,700, while the median of the 230 closed sales Resideline tracked over the last six months was $352,000. 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 85027 for 61 days.

Frequently asked questions

What is the median home price in 85027?

The median closed sale price in Phoenix, AZ 85027 was $352,000 over the last six months, based on 230 closed sales tracked by Resideline. The middle half of those sales ranged from $255,000 to $405,000.

Is 85027 a buyer's or seller's market?

Resideline is currently tracking 2 pending sales against 34 active listings in 85027, a pending-to-active ratio of 0.06. 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, 85027 currently looks like a balanced market.

Nearby ZIP code market data

Full Phoenix, AZ housing market report →

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