Phoenix, AZ 85050 Real Estate Market Report

ZIP Code: 85050
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.

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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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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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.

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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 579,000, which should be treated as the primary indicator of realized market value in 85050; investors and pricing strategists should anchor offers and comp analyses to this representative recent sale figure rather than asking prices (representative recent sale).

2. Despite a higher median listing price of 815,000, transactions are settling at the median sold price of 579,000, suggesting a meaningful pricing gap that may indicate seller expectations are ahead of market-clearing levels — price-sensitive buyers should use the median sold price to guide bids and negotiators should expect concession pressure (pricing friction).

3. The median days on market is 276, which signals slower sales velocity and longer listing exposure in this ZIP code; combined with a neutral market temperature, this appears to create a more balanced negotiating environment where sellers may need to be more flexible and buyers can seek terms beyond price (moderate/neutral market conditions).

4. Rental dynamics show a median market rent of 2,211 alongside a rent year-over-year trend that is down; with interest rate pressure at moderate and price year-over-year trend up, owners considering buy-to-rent should account for softer rental income near-term while capital appreciation may be supported by rising sold prices.

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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.

Phoenix, AZ 85050 Real Estate Market Report

ZIP Code: 85050
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.

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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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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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 neighborhood's primary indicator, median sold price, is $410,000, and this transaction-based value should be the focal point for comps and offer strategies, with recent pricing direction showing up in year‑over‑year price trend.

2. There is a gap between the median listing price of $439,500 and the median sold price of $410,000, which may indicate pricing friction or persistent seller optimism relative to completed transactions.

3. Slower sales velocity is evident: the median days on market is 372, suggesting transactions are taking longer and the market appears to have neutral overall temperature despite constrained active supply in the sampled dataset.

4. Rental dynamics show a median market rent of $1,949 while rent year‑over‑year trend is down; combined with moderate interest rate pressure, this suggests softer near‑term rental demand and heightened sensitivity to financing costs.

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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.