Phoenix, AZ 85027 Real Estate Market Report

ZIP Code: 85027
Report Date: March 2026
Market Temperature: N/A
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

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates for property owners in Phoenix AZ 85027 average around 6.38% compared to 6.65% one year ago, indicating a slight cost advantage for recent borrowers.

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 $395,350 reflects actual market transactions, indicating a stable pricing environment.

2. With a median listing price of $399,950, there is a slight pricing friction that may lead sellers to adjust expectations.

3. The median days on market of 257 suggests a slower sales velocity, indicating potential buyer caution in the market.

4. Elevated inventory levels may lead to increased competition among sellers, impacting pricing strategies.

5. The median market rent of $2,560 may influence buyer sentiment as rental demand remains a factor in purchasing decisions.

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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.