Market note

Phoenix, AZ

Three months ending July 2026

85016

More homes sold even as prices edged lower.

More homes sold even as the median sale price edged lower than last year. Homes took a median 75 days to sell, giving buyers time to compare.

The numbers

A quick look at 85016

Median sale price

$584,870

-1.7%from one year ago

Homes sold

155

+4.8%from one year ago

Time to sell

75 days

current rolling 3-month median

Average below list

4.3%

0.6 pts widerfrom one year ago

For your address

See what these numbers mean for your home.

We already have your address on file. Ask Jacqui and Josh to compare it with the market you just saw.

What it means

Buyers have room to compare and negotiate.

The latest 85016 data shows steady activity, but buyers remain selective. A longer sale can be normal, and the right response depends on showings, feedback, and competing listings.

On the market

A current look at homes for sale in 85016.

Redfin reported 442 active listings in the latest data window. The live property list shows what is available today.

View 85016 listings

If you're thinking about selling

What the 85016 numbers mean for your sale

01

Price for today's market

Nearby sales and current listings help set a starting price that fits the market buyers are seeing now.

02

Plan for a 75-day sale

The median home took 75 days to sell. A sale can take time even when the price makes sense.

03

Use the evidence before cutting price

A quiet week does not always mean the price is wrong. Check showings, buyer feedback, and new listings first.

Your home is not the median

See what these numbers mean for your address.

Jacqui and Josh will check nearby sales, current listings, and the details that make your home different.

This market note uses Redfin's rolling three-month ZIP data for May 1 through July 31, 2026. It is not an appraisal or a promise of value.

Sources:Redfin Data Center, Redfin methodology

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