Phoenix, AZ 85019 Real Estate Market Report

ZIP Code: 85019
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

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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 the Phoenix area are approximately 6.35%, reflecting a stable market environment compared to the 5.99% average observed earlier in 2026.

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. median sold price $329,950 is the clearest indicator of recent market value in 85019 and represents the most reliable signal for valuation and comps; this figure should be used as the primary anchor when pricing offers or appraisals in the neighborhood. representative recent sale

2. median days on market 372 suggests notably slower sales velocity in the sample and may indicate extended negotiation windows and greater buyer time to inspect and finance, so sellers should consider tighter pricing or concessions to accelerate closings. down

3. median listing price $359,000 sits above the median sold price and may reflect seller optimism or pricing friction—this gap may indicate pricing adjustments are needed to align expectations with actual transaction levels. moderate

4. price year-over-year trend up combined with a market temperature neutral and interest rate pressure moderate (current 30‑year fixed ~6.35%) implies a broadly balanced market where modest appreciation exists but financing headwinds could limit rapid price growth; buyers and investors should model rate sensitivity and sellers should avoid aggressive upward repricing. up

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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 85019 Real Estate Market Report

ZIP Code: 85019
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

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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Phoenix area are approximately 6.35%, reflecting a stable market environment compared to the 5.99% average observed earlier in 2026.

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 neighborhood's primary market indicator, median sold price $194,800, shows recent transaction-level value and aligns with a year-over-year price direction of up, while the median listing price $167,500 is lower than that sale benchmark, which may indicate that recent closed transactions skew above current asking levels or reflect sample variation in the analyzed dataset.

2. The median days on market 378 points to slower sales velocity, and elevated inventory relative to sales activity in the analyzed sample suggests there is pricing friction and reduced liquidity compared with a hot market.

3. Pricing context: the median price per square foot $179 provides a baseline for valuation discussions, and the combination of rising prices with a down rent year-over-year trend (median market rent $1,065) creates a divergence between capital value and rental income that may influence investor interest and underwriting assumptions.

4. Market conditions are broadly balanced: the market temperature is neutral with moderate interest rate pressure; local 30-year fixed mortgage rates are reported at approximately 6.35% versus an earlier 5.99%, which may temper buyer affordability and pace of transactions.

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Notable Properties

The following 3 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.