Phoenix, AZ 85019 Real Estate Market Report

ZIP Code: 85019
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

As of February 2026, the Phoenix housing market, specifically in the 85019 ZIP code, is characterized by a median sold price of $329,900, reflecting a market that has decreased 8% since 2022. This decline in sold prices indicates a shift toward a more buyer-friendly environment, as sellers adjust expectations in response to changing market conditions. The median listing price stands at $360,000, suggesting a notable gap between asking prices and actual transaction values, which may create pricing friction for sellers in the current landscape.

Market activity shows 265 median days on market, indicating slower sales velocity and a potential buildup of inventory. The elevated inventory levels, combined with a neutral market temperature, suggest that buyers may have more negotiating power as they navigate through a market with excess supply relative to sales activity. Despite these challenges, the underlying demand remains stable, driven by affordability concerns, particularly in the rental sector where the median market rent is $2,386.

---

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

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.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

---

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 AZ 85019 market average around 5.88% to 6.6%, which is slightly higher than the 5.625% seen in early February 2026.

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

---

Key Findings

1. The median sold price of $329,900 reflects a market that has decreased 8% since 2022, indicating a shift in buyer sentiment.

2. With a median listing price of $360,000, there is a significant gap between asking prices and sold prices, suggesting potential pricing friction for sellers.

3. The median days on market of 265 indicates a slower sales velocity, allowing buyers more time to make decisions in a balanced market.

4. Elevated inventory levels suggest excess supply relative to sales activity, which may provide buyers with more options and negotiating leverage.

5. The median market rent of $2,386 highlights ongoing affordability challenges in the rental sector, contributing to stable underlying demand despite the price softening.

---

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.