Phoenix, AZ 85019 Real Estate Market Report

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

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Executive Overview

The median sold price in Phoenix, AZ (ZIP: 85019) is currently $329,250, reflecting a market that has seen modest price appreciation year-over-year. This stability suggests a balanced market, although some indicators point to slight declines in specific segments. The market appears to be adjusting, with longer median days on market at 331 days, which may indicate a shift in buyer sentiment and purchasing power as inventory levels rise.

As the market stabilizes, the elevated inventory levels relative to sales activity suggest a potential easing of competition among buyers. This may lead to more favorable conditions for those looking to purchase, as the market temperature remains neutral. The current median listing price stands at $365,000, indicating a notable gap between asking and sold prices, which could reflect seller expectations versus actual market realities.

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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 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. The median sold price is $329,250, indicating a stable market despite slight fluctuations in specific segments.

2. With 331 days as the median days on market, the market is experiencing slower sales velocity, suggesting a potential cooling in buyer urgency.

3. The median listing price of $365,000 shows a significant gap compared to sold prices, indicating potential pricing friction for sellers.

4. Inventory levels are elevated relative to sales activity, which may lead to downward pressure on prices if the trend continues.

5. The median market rent is $2,386, which may influence buyer decisions as rental trends show a downward trajectory year-over-year.

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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.