Updated May 2026 · Redfin · 3-month window
85023 Real Estate Market Update: Phoenix, AZ, May 2026
The latest housing-market numbers for ZIP code 85023 in Phoenix, Arizona, for May 2026, from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $440K | ▼ -1.1% | ▼ -4.4% |
| Days on market | 40 | ▼ -5.9% | ▼ -7.0% |
| Homes for sale | 89 | • 0.0% | ▲ +14.1% |
| Sale-to-list | 98.1% | ▲ +0.7% | ▼ -0.6% |
| Homes sold | 100 | ▲ +9.9% | ▲ +17.6% |
Figures from the Redfin Data Center ZIP-code tracker (rolling 3-month window, not seasonally adjusted). Verify against your MLS before posting. Not a valuation for a specific home.
What the 85023 numbers say
The 85023 ZIP in Phoenix is cooling. The median sale price sits at $439,900, 4.4% below last year. Pace is steady: a typical listing goes under contract in about 40 days, with sellers getting 98.1% of list price.
Based on 100 recent sales, 85023 is currently an active market.
What this means if you sell in 85023
Use these figures to set expectations early. Lead a listing appointment with the median price and the 40-day pace, show the year-over-year direction, and frame 85023 as an active market. Buyers and sellers trust an agent who knows their exact ZIP, not just the metro average.
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Build the Phoenix post →Frequently asked: the 85023 housing market
- What is the median home price in ZIP 85023 (Phoenix, AZ)?
- As of May 2026, the median sale price in ZIP 85023 is $439,900 (-4.4% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 85023 a buyer's or seller's market right now?
- ZIP 85023 is currently an active market, based on a 98.1% sale-to-list ratio, about 40 days on market for May 2026.
- How long do homes take to sell in ZIP 85023?
- A typical listing in 85023 goes under contract in about 40 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 85023 market data come from?
- All figures come from the Redfin Data Center ZIP-code market tracker, a rolling 3-month window refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data: Redfin · Redfin Data Center (ZIP-code market tracker). Figures are a ZIP-level 3-month snapshot, not a valuation for a specific home.