Phoenix, AZ 85033 Real Estate Market Report

ZIP Code: 85033
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The median sold price in Phoenix, AZ (ZIP: 85033) is $330,000, indicating a market that has seen a shift towards price softening. This reflects a broader trend, as the neighborhood has decreased 8% since 2022. The current market conditions suggest a slower sales velocity, with properties taking a median of 186 days on market, which may indicate elevated inventory levels relative to sales activity.

Despite the overall market in the Phoenix metro area moving towards balance with modest appreciation, the 85033 ZIP code is experiencing localized challenges. The elevated inventory levels and declining rents suggest a competitive environment where buyer expectations may not align with seller pricing strategies. As interest rates remain elevated, this could further impact market dynamics in the near term.

---

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

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.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

---

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 the Phoenix AZ 85033 area average around 5.875% to 6.07%, which is lower than the recent 2026 average of 6.18% seen in late January, presenting a slight cost opportunity for refinancing.

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

---

Key Findings

1. The median sold price of $330,000 reflects a market experiencing softening prices.

2. Properties are taking a median of 186 days on market, indicating slower sales velocity and potential pricing friction.

3. The median market rent stands at $2,716, which has also shown a down trend year-over-year.

4. Current interest rate pressure is elevated, with mortgage rates averaging between 5.875% and 6.07%, impacting buyer affordability.

5. The market temperature is currently neutral, suggesting a balanced environment despite localized challenges.

---

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.