Phoenix, AZ 85014 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

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.

Market Trends & Context

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

Key Findings

1. The primary indicator of market value is the median sold price of $517,000, which, alongside a higher median listing price of $587,500, suggests a pricing gap where seller expectations appear above recent transaction levels and may indicate negotiation is common in completed deals.
2. The median days on market at 538 points to slower sales velocity, which may indicate longer negotiation timelines or reduced urgency among buyers despite stable pricing.
3. The analyzed sample shows a pattern of relatively constrained active supply, which combined with a neutral market temperature suggests a moving-toward-balanced environment with moderated competition rather than a sharp advantage for buyers or sellers.
4. Elevated interest rate pressure is present—Current 30-year fixed mortgage rates in Phoenix AZ are approximately 6.5% to 6.8%—and with rent year-over-year trend reported as down, financing costs and softer rental demand may weigh on near-term buyer affordability and investor cash-flow assumptions.

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.