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Phoenix, AZ 85048 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: 0.09
ActiveActive listings: 3232PendingPending 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): $539k$539kSoldMedian sold price (last 6 months): $575k$575k
What homes actually sell for in Phoenix, AZ
Distribution of 238 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $455k to $735k
$279k to $406k: 25 sales$279k$406k to $533k: 57 sales$533k to $660k: 63 sales63sales$533k$660k to $787k: 37 sales$787k to $914k: 20 sales$787k$914k to $1.04M: 5 sales$1.04M to $1.17M: 1 sales$1.04M$1.17M to $1.3M: 7 salesMedian $575k

What the numbers say

As of September 14, 2026, Resideline is tracking 32 active listings and 3 pending sales in ZIP code 85048. That pending-to-active ratio of 0.09 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $538,908, while the median of the 238 closed sales Resideline tracked over the last six months was $575,000. 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 85048 for 58 days.

Frequently asked questions

What is the median home price in 85048?

The median closed sale price in Phoenix, AZ 85048 was $575,000 over the last six months, based on 238 closed sales tracked by Resideline. The middle half of those sales ranged from $455,000 to $735,000.

Is 85048 a buyer's or seller's market?

Resideline is currently tracking 3 pending sales against 32 active listings in 85048, a pending-to-active ratio of 0.09. 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, 85048 currently looks like a balanced market.

Nearby ZIP code market data

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