Phoenix, AZ 85050 Real Estate Market Report

ZIP Code: 85050
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

As of February 2026, the real estate market in Phoenix, AZ (ZIP: 85050) is characterized by a median sold price of $599,900, reflecting a down trend in pricing. This indicates a shift towards a more balanced market, where buyers may find opportunities amidst elevated inventory levels and longer selling times. The market has decreased 8% since 2022, signaling a notable adjustment in property values that could influence buyer sentiment and investment strategies.

Transaction activity appears moderate, with 191 days on market suggesting slower sales velocity. The current median listing price stands at $781,950, creating a significant pricing gap that may indicate seller expectations are not fully aligned with current market realities. Overall, the market is experiencing a neutral temperature, with elevated interest rate pressure contributing to a cautious atmosphere for potential buyers and sellers alike.

---

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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current average 30-year fixed mortgage rates in Phoenix AZ market at 6.6% are slightly higher than the 6.5% average seen earlier in 2026, indicating property owners locked in a marginally favorable rate.

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 $599,900 reflects a down trend, indicating potential pricing adjustments in the market.

2. With 191 days on market, properties are experiencing slower sales velocity, suggesting a need for sellers to reassess pricing strategies.

3. The median listing price of $781,950 shows a significant gap from sold prices, which may indicate pricing friction in the current market.

4. The market temperature is currently neutral, suggesting balanced conditions between buyers and sellers despite elevated inventory levels.

5. Elevated interest rate pressure remains a concern, impacting buyer affordability and overall market activity.

---

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.