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Phoenix, AZ 85037 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: 0.06
ActiveActive listings: 6666PendingPending sales: 44
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): $436k$436kSoldMedian sold price (last 6 months): $385k$385k
What homes actually sell for in Phoenix, AZ
Distribution of 307 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $310k to $449k
$210k to $249k: 19 sales$210k$249k to $288k: 16 sales$288k to $326k: 44 sales$288k$326k to $365k: 37 sales$365k to $404k: 54 sales54sales$365k$404k to $442k: 38 sales$442k to $481k: 41 sales$442k$481k to $520k: 27 salesMedian $385k

What the numbers say

As of September 14, 2026, Resideline is tracking 66 active listings and 4 pending sales in ZIP code 85037. 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 $436,000, while the median of the 307 closed sales Resideline tracked over the last six months was $385,000. 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 85037 for 54 days.

Frequently asked questions

What is the median home price in 85037?

The median closed sale price in Phoenix, AZ 85037 was $385,000 over the last six months, based on 307 closed sales tracked by Resideline. The middle half of those sales ranged from $310,000 to $449,490.

Is 85037 a buyer's or seller's market?

Resideline is currently tracking 4 pending sales against 66 active listings in 85037, 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, 85037 currently looks like a balanced market.

Nearby ZIP code market data

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