Phoenix, AZ 85035 Real Estate Market Report

ZIP Code: 85035
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the median sold price in Phoenix, AZ (ZIP: 85035) stands at $325,000, reflecting a stable market environment despite a slight downward trend in home values over the past year. The neighborhood has decreased 8% since 2022, indicating a cooling in price appreciation. This trend suggests that buyers may find more favorable conditions as the market stabilizes, particularly with elevated inventory levels contributing to a more balanced market dynamic.

The current market conditions are characterized by elevated inventory relative to sales activity, which may indicate a shift towards a buyer-friendly environment. The median days on market is notably high at 293 days, suggesting slower sales velocity and potentially greater negotiation power for buyers. Elevated interest rates are also influencing buyer confidence, contributing to a cautious approach in the market. Overall, while the market appears to be neutral, the excess supply relative to sales activity may provide opportunities for well-prepared sellers to achieve favorable outcomes despite the broader trends.

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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.

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Key Findings

1. The median sold price is $325,000, reflecting a decrease of 8% since 2022, indicating a softening in home values.

2. With a median days on market of 293, the market is experiencing slower sales velocity, suggesting buyers may have more time to make decisions.

3. The median listing price is $323,000, which is closely aligned with the sold price, indicating balanced pricing expectations among sellers.

4. Elevated inventory levels suggest excess supply relative to sales activity, which may provide leverage for buyers in negotiations.

5. The median market rent is $2,716, which may indicate moderate rental market conditions amidst the overall housing market dynamics.

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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.