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Phoenix, AZ 85048 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: 0.21
ActiveActive listings: 3333PendingPending 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): $570k$570kSoldMedian sold price (last 6 months): $570k$570k
What homes actually sell for in Phoenix, AZ
Distribution of 229 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $450k to $735k
$275k to $397k: 25 sales$275k$397k to $519k: 48 sales$519k to $641k: 65 sales65sales$519k$641k to $762k: 30 sales$762k to $884k: 20 sales$762k$884k to $1.01M: 12 sales$1.01M to $1.13M: 0 sales$1.01M$1.13M to $1.25M: 6 salesMedian $570k

What the numbers say

As of October 5, 2026, Resideline is tracking 33 active listings and 7 pending sales in ZIP code 85048. That pending-to-active ratio of 0.21 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $570,000, while the median of the 229 closed sales Resideline tracked over the last six months was $570,000. 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 72 days.

Frequently asked questions

What is the median home price in 85048?

The median closed sale price in Phoenix, AZ 85048 was $570,000 over the last six months, based on 229 closed sales tracked by Resideline. The middle half of those sales ranged from $450,000 to $735,000.

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

Resideline is currently tracking 7 pending sales against 33 active listings in 85048, a pending-to-active ratio of 0.21. 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

Full Phoenix, AZ housing market report →

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