Phoenix, AZ 85086 Real Estate Market Report

ZIP Code: 85086
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The primary market indicator is the median sold price of $589,000, which represents the most reliable signal of realized market value in 85086 and should drive valuation and underwriting decisions more than asking prices.

2. There is a notable spread between the median listing price of $663,000 and the median sold price of $589,000, which suggests pricing friction and that seller expectations may be above recent transaction levels; this gap may indicate the need for sellers to price more competitively to achieve close-to-list outcomes.

3. Transaction velocity is slow: the median days on market of 225 points to extended time-to-sale and moderate liquidity, which appears consistent with a neutral market temperature—buyers have time to negotiate while sellers face longer marketing tails.

4. Broader trends show prices down year-over-year and rent trends also down, with moderate interest rate pressure; together these signals suggest a stabilizing but cautious environment where investors and owners should expect restrained upside and plan for slower re-listing timelines.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Phoenix, AZ 85086 Real Estate Market Report

ZIP Code: 85086
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The primary indicator, median sold price of 348,000, represents the recent transaction-level market value and suggests that realized sale prices are above the median listing price of 332,000, indicating seller outcomes that can exceed current asking expectations; representative recent sale strength may support pricing confidence for comparable listings.

2. The market shows a long sales cycle with median days on market at 458, which implies slower sales velocity and greater time for buyers to evaluate listings — sellers should expect extended marketing windows and consider targeted pricing or concessions to improve turn times.

3. Price momentum is weakening: price year-over-year trend: down and rent year-over-year trend: down while market temperature remains neutral, so expect cautious buyer behavior and limited upside in near-term appreciation; down trends warrant conservative pricing strategies and contingency planning for sellers and investors.

4. Liquidity context in the analyzed sample points to a relatively constrained active supply that, combined with interest rate pressure at moderate, appears to create a balanced-to-cooling environment rather than a rapid market; agents should emphasize staged marketing, flexible showings, and clear value messaging to convert moderately paced demand.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.