Phoenix, AZ 85014 Real Estate Market Report

ZIP Code: 85014
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Phoenix, AZ (ZIP: 85014) is characterized by a median sold price of $549,950, reflecting a stable market with modest price appreciation. The neighborhood has increased 0% since 2023, indicating a period of stability in sold prices. The median listing price stands at $574,999.50, suggesting a notable gap between seller expectations and actual market transactions, which may create pricing friction for potential buyers.

Market activity shows 342 median days on market, indicating a slower sales velocity and potentially a cooling in buyer urgency. Elevated inventory levels are present, with a greater number of active listings compared to sold properties, suggesting excess supply relative to sales activity. This shift towards a more balanced environment may offer buyers increased choices, although the market temperature remains neutral, reflecting a cautious approach from both buyers and sellers.

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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

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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. Median sold price is $549,950, indicating stable market conditions with modest price appreciation.

2. Median listing price of $574,999.50 suggests a gap between seller expectations and market reality, potentially leading to pricing friction.

3. Median days on market are 342, reflecting slower sales velocity and a cooling buyer urgency.

4. Elevated inventory levels indicate excess supply relative to sales activity, contributing to a more balanced market environment.

5. Market temperature is neutral, suggesting a cautious approach from both buyers and sellers, with no clear directional pressure.

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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.