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Median sale price
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ZIP 85016 in Phoenix, AZ: housing market trends

The median home sale price in ZIP 85016 in Phoenix, AZ was $502,352 for the three-month period ending September 2026. Sale prices were 2.5% lower than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$502,352
three-month period ending September 2026
Median sale price per sq ft
$334.30
three-month period ending September 2026
Active listings
454
three-month period ending September 2026
Typical monthly rent
$1,720
Rent index · August 2026

How is housing inventory changing?

There were 454 active listings for the three-month period ending September 2026. Active listings were 9.4% higher than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 73 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for ZIP 85016 in Phoenix, AZ
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$502,352$334.30119
Single-familySeptember 2026$699,823$379.9152
TownhousesSeptember 2026$440,001$297.3734
Condos / co-opsSeptember 2026$320,991$292.8333
Multifamily (2–4 units)September 2026$860,000Unavailable1 · small sample

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for ZIP 85016 in Phoenix, AZ
MarketMedian sale priceReporting period / source
Paradise Valley, AZ$4,497,8583 months ending September 2026 · Redfin
Phoenix, AZ$415,000Month ending July 2026 · Zillow
Glendale, AZ$390,000Month ending July 2026 · Zillow
Tempe, AZ$453,500Month ending July 2026 · Zillow
Guadalupe, AZ$350,0003 months ending August 2026 · Redfin
Tolleson, AZ$381,3183 months ending September 2026 · Redfin

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for ZIP 85016 in Phoenix, AZ
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$502,352$334.30454
August 2026$550,000$363.39430
July 2026$585,000$372.86438
June 2026$595,000$387.70482
May 2026$620,000$388.82501
April 2026$620,000$384.57503
March 2026$605,000$375.00486
February 2026$557,000$366.58485
January 2026$556,000$364.40466
December 2025$560,000$365.02432
November 2025$575,000$372.51439
October 2025$540,000$368.61437
September 2025$515,000$351.66415
August 2025$547,000$342.27440
July 2025$595,000$358.36474
June 2025$606,500$365.18490
May 2025$620,000$370.81500
April 2025$590,000$378.26500
March 2025$590,000$382.25462
February 2025$580,000$377.88441
January 2025$575,000$364.28421
December 2024$558,000$357.20365
November 2024$543,500$336.93379
October 2024$542,000$344.23385

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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