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Phoenix, AZ 85027 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Phoenix, AZ inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.05
ActiveActive listings: 4242PendingPending 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): $349k$349kSoldMedian sold price (last 6 months): $360k$360k
What homes actually sell for in Phoenix, AZ
Distribution of 225 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $255k to $405k
$169k to $213k: 19 sales$169k$213k to $256k: 28 sales$256k to $300k: 18 sales$256k$300k to $344k: 25 sales$344k to $387k: 40 sales$344k$387k to $431k: 44 sales44sales$431k to $474k: 18 sales$431k$474k to $518k: 10 salesMedian $360k

What the numbers say

As of October 26, 2026, Resideline is tracking 42 active listings and 2 pending sales in ZIP code 85027. That pending-to-active ratio of 0.05 makes it a slower-moving market: listings are going under contract more slowly than in most ZIP codes Resideline tracks, which usually gives buyers more room to negotiate.

The median asking price of current listings is $349,000, while the median of the 225 closed sales Resideline tracked over the last six months was $360,000. 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 72 days.

Frequently asked questions

What is the median home price in 85027?

The median closed sale price in Phoenix, AZ 85027 was $360,000 over the last six months, based on 225 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 42 active listings in 85027, a pending-to-active ratio of 0.05. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 85027 is currently a slower-moving market.

Nearby ZIP code market data

Full Phoenix, AZ housing market report →

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