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Phoenix, AZ 85085 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: 0.16
ActiveActive listings: 6363PendingPending sales: 1010
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): $640k$640kSoldMedian sold price (last 6 months): $605k$605k
What homes actually sell for in Phoenix, AZ
Distribution of 284 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $494k to $764k
$310k to $402k: 26 sales$310k$402k to $495k: 34 sales$495k to $588k: 58 sales58sales$495k$588k to $680k: 56 sales$680k to $772k: 31 sales$680k$772k to $865k: 27 sales$865k to $958k: 15 sales$865k$958k to $1.05M: 10 salesMedian $605k

What the numbers say

As of September 14, 2026, Resideline is tracking 63 active listings and 10 pending sales in ZIP code 85085. That pending-to-active ratio of 0.16 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $640,020, while the median of the 284 closed sales Resideline tracked over the last six months was $605,000. 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 85085 for 70 days.

Frequently asked questions

What is the median home price in 85085?

The median closed sale price in Phoenix, AZ 85085 was $605,000 over the last six months, based on 284 closed sales tracked by Resideline. The middle half of those sales ranged from $494,010 to $764,000.

Is 85085 a buyer's or seller's market?

Resideline is currently tracking 10 pending sales against 63 active listings in 85085, a pending-to-active ratio of 0.16. 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, 85085 currently looks like a balanced market.

Nearby ZIP code market data

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