Phoenix, AZ 85027 Real Estate Market Report

ZIP Code: 85027
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.

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Key Findings

1. The neighborhood's primary market indicator, median sold price of 391,000, signals recent transaction-level value and suggests modest upward price momentum consistent with the broader price YoY trend: up in the metro area.

2. There is a notable spread between median sold price (391,000) and median listing price (385,000) that may indicate limited pricing friction and that sellers' expectations are approximately aligned with recent sale outcomes, supporting a neutral market temperature rather than a one-sided market.

3. The long median days on market of 279 points to slower sales velocity and suggests lower liquidity; this appears consistent with a market described as neutral where transactions take longer to close rather than moving quickly.

4. With median price per square foot at 273 and median market rent at 1,468, rent trends are down, which may reduce near-term investor demand and implies caution for buy-to-rent strategies given current softening rental conditions and moderate interest rate pressure.

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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 85027 Real Estate Market Report

ZIP Code: 85027
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.

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Key Findings

1. The neighborhood’s primary market signal is the $249,750 median sold price, which indicates realized transaction value and suggests relatively constrained active supply in the analyzed sample and balanced to slightly buyer-leaning liquidity conditions.

2. There is a notable spread between the $199,900 median listing price and the $249,750 median sold price, which may indicate pricing friction or that recent completed transactions captured higher-value properties compared with current asking levels.

3. The 384 median days on market points to prolonged market exposure and slower sales velocity, which, combined with a neutral market temperature, suggests sellers may need time or price adjustments to transact.

4. Market-level trends show prices are up year-over-year while rents are down, and interest rate pressure is moderate, so investors and owner-occupiers should factor in moderate interest-rate sensitivity and softer rental dynamics when underwriting acquisitions or pricing listings.

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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.