Phoenix, AZ 85050 Real Estate Market Report

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

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Executive Overview

The real estate market in Phoenix, AZ (85050) is currently characterized by a median sold price of $577,450, reflecting a stable yet cautious environment. The neighborhood has decreased 8% since 2022, indicating some downward price pressure. This trend suggests a shift towards a more balanced market, where buyers may find opportunities amidst elevated inventory levels and slower sales activity.

With a median days on market of 236, properties are taking longer to sell, which may indicate a cooling in buyer demand or pricing friction. The median listing price stands at $837,400, creating a notable gap between asking and sold prices, which could signal seller expectations that are not aligning with current market realities. Overall, the market appears to be stabilizing, but with elevated interest rate pressure and a neutral market temperature, caution is advised for both buyers and sellers.

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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

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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Phoenix, AZ 85050 are averaging 6.25%, which is 0.75% higher than the average rates of 5.50% seen in early 2026.

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

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Key Findings

1. The median sold price of $577,450 reflects a market that has seen a decrease of 8% since 2022.

2. With median days on market at 236, the market is experiencing slower sales velocity compared to previous periods.

3. The median listing price of $837,400 indicates a significant gap from the sold price, suggesting potential pricing friction in negotiations.

4. Elevated inventory levels are present, suggesting excess supply relative to sales activity in the market.

5. The median market rent is $3,520, indicating a potential area of interest for investors despite the downward trend in rent year-over-year.

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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.