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Phoenix, AZ 85037 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: 0.09
ActiveActive listings: 7676PendingPending sales: 77
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): $435k$435kSoldMedian sold price (last 6 months): $385k$385k
What homes actually sell for in Phoenix, AZ
Distribution of 270 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $310k to $460k
$200k to $240k: 17 sales$200k$240k to $280k: 14 sales$280k to $320k: 30 sales$280k$320k to $360k: 31 sales$360k to $400k: 50 sales50sales$360k$400k to $440k: 26 sales$440k to $480k: 44 sales$440k$480k to $520k: 31 salesMedian $385k

What the numbers say

As of October 26, 2026, Resideline is tracking 76 active listings and 7 pending sales in ZIP code 85037. That pending-to-active ratio of 0.09 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $435,000, while the median of the 270 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 83 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 270 closed sales tracked by Resideline. The middle half of those sales ranged from $310,000 to $459,990.

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

Resideline is currently tracking 7 pending sales against 76 active listings in 85037, a pending-to-active ratio of 0.09. 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, 85037 is currently a typical-pace market.

Nearby ZIP code market data

Full Phoenix, AZ housing market report →

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