Phoenix, AZ 85027 Real Estate Market Report

ZIP Code: 85027
Report Date: June 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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Phoenix, AZ, are averaging 6.76% as of June 2026, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.

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 primary market indicator, the median sold price of 380,000, indicates the representative recent sale level for the neighborhood and suggests modest downward pressure given the broader down price trend — sellers should price close to recent sales to avoid extended time on market.

2. Despite a slightly lower median listing price of 375,000 relative to recent sales, the market shows a long sales cadence with a median days on market of 371, which suggests slower sales velocity and potential pricing friction; sellers may need to be more flexible on terms or timing.

3. Market liquidity context appears mixed: the market temperature is neutral, but broader trend signals include down price momentum and elevated interest rate pressure, indicating buyers may pause or negotiate more aggressively while transactions remain possible.

4. Rental and financing context is soft: the median market rent of 1,474 is tracking with a down rent year-over-year trend, and current mortgage conditions (30-year fixed ~6.76%) reflect elevated interest rate pressure; investors should expect muted rent growth and higher financing costs in underwriting.

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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: June 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

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Phoenix, AZ, are averaging 6.76% as of June 2026, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.

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 primary indicator, median sold price: 210,500, represents recent transaction-level market value and sits below the median listing price: 219,950, suggesting seller expectations are modestly higher than realized sale outcomes in the current sample.

2. Liquidity appears slow given the very long median days on market: 1,516, which suggests slower sales velocity and pricing friction that may require sellers to be more patient or adjust expectations.

3. Inventory posture in the analyzed sample points to a relatively constrained active supply, while rental conditions are soft: median market rent: 1,370 and the broader rent trend is down, which may reduce investor rental income assumptions.

4. Financing and macro context are headwinds for acceleration: Current 30-year fixed mortgage rates: 6.76% and the interest rate environment is characterized by elevated pressure, which may temper buyer urgency despite a neutral market temperature (see market temperature: neutral).

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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.