Phoenix, AZ 85019 Real Estate Market Report

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

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

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.

Property Taxes

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.

Market Trends & Context

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

Key Findings

1. The primary market indicator is the median sold price: 304,000, which anchors recent transaction values and suggests modest appreciation consistent with observed market behavior; given the neutral temperature, this median sold price appears to reflect representative recent sale levels rather than speculative asking inflation (neutral).
2. There is a meaningful spread between the median listing price: 359,000 and the median sold price that may indicate seller price expectations are higher than completed transactions and could create pricing friction that slows negotiations and extends time to contract.
3. The median days on market: 395 is unusually long and should be interpreted as evidence of slower sales velocity and prolonged marketing periods, which may require sellers to adjust pricing or concessions to accelerate closings (moderate).
4. Macro and demand signals show interest rate pressure: elevated and rent year-over-year trend: down, which together suggest financing costs remain a headwind for buyers and rental income has moderated; under these conditions, prioritize underwriting stress tests for buyers and consider conservative hold strategies for investors (elevated).

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.