Phoenix, AZ 85013 Real Estate Market Report

ZIP Code: 85013
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the Phoenix, AZ (ZIP: 85013) housing market is characterized by a median sold price of $559,950, reflecting a cooling trend with prices having decreased 8% since 2022. This decline suggests a shift in market dynamics, where buyers may find more favorable conditions due to increased inventory levels and a moderate market temperature. The median listing price stands at $614,999, indicating a notable gap between seller expectations and actual transaction values, which may lead to pricing friction in negotiations.

The market is currently experiencing elevated inventory levels, contributing to a median days on market of 234. This extended duration indicates slower sales velocity, which may be attributed to the excess supply relative to sales activity. While improving interest rates are beginning to stimulate buyer engagement, the overall market remains neutral, suggesting a balanced environment where both buyers and sellers may need to adjust their strategies accordingly.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Phoenix, AZ, average around 6.07% to 6.6%, which is notably lower than the 6.85% average seen one year ago, presenting a cost opportunity for refinancing.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $559,950 indicates a significant gap compared to the median listing price of $614,999, suggesting potential pricing friction in negotiations.

2. With a median days on market of 234, the market shows signs of slower sales velocity, indicating that properties are taking longer to sell than in previous periods.

3. The market temperature is currently neutral, reflecting a balanced environment where neither buyers nor sellers hold a distinct advantage.

4. Elevated inventory levels may lead to increased competition among sellers, potentially resulting in further downward pressure on prices.

5. The median market rent is $2,930, which has seen a down trend year-over-year, indicating a shift in rental dynamics that may affect overall housing 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.