Phoenix, AZ 85019 Real Estate Market Report

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

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Executive Overview

As of February 2026, the median sold price in Phoenix, AZ (ZIP: 85019) stands at $329,900, reflecting a cooling market trend characterized by a down price trajectory. The neighborhood has decreased 8% since 2022, indicating a shift in market dynamics that favors buyers. The elevated inventory levels suggest that sellers may need to adjust their expectations to align with current buyer sentiment and purchasing power.

The market is currently experiencing slower sales velocity, with properties averaging 265 days on market. This extended time frame may indicate a more cautious buyer approach amidst a backdrop of moderate interest rate pressure, currently around 6.6% for 30-year fixed mortgages. Overall, the market temperature is considered cold, suggesting a need for sellers to be strategic in their pricing and marketing efforts to attract potential buyers.

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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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Phoenix AZ are around 6.6% compared to an average of 5.875% for loans originated 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 median sold price of $329,900 reflects a down trend in property values, necessitating careful pricing strategies for sellers.

2. With a median days on market of 265, properties are experiencing slower sales velocity, indicating potential pricing friction in the market.

3. The median listing price of $364,500 shows a significant gap compared to the sold price, suggesting sellers may need to adjust expectations to attract buyers.

4. The median market rent of $2,386 is also experiencing a down trend, reflecting broader economic pressures on rental demand.

5. Current market conditions are characterized as cold, indicating a shift in leverage toward buyers amidst elevated inventory levels.

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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.