Phoenix, AZ 85043 Real Estate Market Report
ZIP Code: 85043
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.
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
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.
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.
Key Findings
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The neighborhood's primary market indicator, the $356,000 median sold price, signals a stable value benchmark for recent transactions and should be treated as the authoritative reference when setting offer strategies. neutral value trend
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There is a meaningful gap between the $399,000 median listing price and the $356,000 median sold price, which may indicate seller pricing optimism vs. realized transaction levels and could create pricing friction that savvy buyers can exploit when negotiating.
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Long sales timelines are evident: the 310 median days on market point to slower sales velocity and extended marketing periods, which suggests agents and sellers may need more aggressive staging, pricing, or financing concessions to accelerate closings. down
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Market-level signals are broadly balanced: price year-over-year trend is up, market temperature is neutral, rent year-over-year trend is down, and interest rate pressure is moderate—together these metrics suggest a measured appreciation environment with moderate borrowing headwinds, and relatively constrained active supply that may limit rapid price declines. up
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Phoenix, AZ 85043 Real Estate Market Report
ZIP Code: 85043
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.
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
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.
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.
Key Findings
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The neighborhood's representative recent sale is $152,500, which we treat as the primary indicator of current market value and recent transaction activity; paired with a neutral market temperature, this suggests a broadly balanced market where pricing is stable rather than rapidly accelerating or collapsing.
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There is a notable listing-to-sale gap where the median listing price of $289,500 sits substantially above the median sold price, which may indicate pricing friction and elevated seller expectations relative to realized transaction prices—well-priced homes are likely to attract offers while higher asks may require concessions.
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Market liquidity appears slow: the median days on market of 305 points to prolonged marketing periods and slower sales velocity, which may give buyers additional negotiation leverage even as the overall market remains described as neutral.
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Rental dynamics show pressure on rents with a median market rent of $1,995 and a down rent year-over-year trend, while interest rate conditions are exerting moderate pressure—these factors together suggest cautious investor sentiment and a preference for preserving capital rather than aggressive acquisition.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.5% rate, 0.4% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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