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Central City Cooper Square Downtown Roosevelt

PHOENIX, AZ 85004

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 85004

Central City · Cooper Square · Downtown · Roosevelt

Market Analysis

Data as of February 2026. Source: Realtor.com.

The PHOENIX, AZ real estate market (85004) currently shows 55 active listings, with 7 pending sales. Homes are averaging 86 days on the market before going under contract.

Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice.

Homes are selling faster, averaging 86 days on market compared to 89 days last year.

The median listing price has fallen 16.8% year-over-year, from $629,188 to $523,748.

Whether you are buying or selling in PHOENIX, AZ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 10,548  ·  Density: 1,984.2/mi²  ·  Median household income: $67,727

Typical home value: $415,213  ·  Homeownership: 21.5%

Market Overview

Active Listings
55
⇧ 52.8% vs 36 last year
Pending
7
13% pending ratio
Median Price
$523,748
⇩ 16.8% vs $629,188 last year
Average Price
$673,745
⇩ 26.4% vs $915,824 last year
Days on Market
86
⇩ 3.4% vs 89 days last year

Price Per Square Foot

Median $/sqft
$356
⇩ 11.9% vs $404/sqft last year
Median Home Size
1,431 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 55 this year vs 36 last year
  • Days on market: 86 now vs 89 last year

Median & Average Pricing

Year over Year
  • Median: $523,748 (-16.8% YoY)
  • Average: $673,745 (-26.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.1 miles — 1,335 listings ($1,271,637,938 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85004Phoenix, AZ 850040.0 mi53$33,662,844$519,900$635,148
85003Phoenix, AZ 850030.5 mi57$52,833,699$769,000$926,907
85006Phoenix, AZ 850061.6 mi62$31,024,986$485,000$500,403
85009Phoenix, AZ 850093.3 mi71$24,771,829$314,900$348,899
85040Phoenix, AZ 850404.0 mi59$21,554,942$354,500$365,338
85013Phoenix, AZ 850134.1 mi91$51,913,134$430,000$570,474
85016Phoenix, AZ 850164.6 mi262$266,279,770$595,000$1,016,335
85017Phoenix, AZ 850175.0 mi70$16,965,200$259,000$242,360
85019Phoenix, AZ 850195.8 mi53$17,574,376$360,000$331,592
85018Phoenix, AZ 850186.4 mi285$584,796,630$1,150,000$2,051,918
85035Phoenix, AZ 850357.4 mi70$23,576,560$337,500$336,808
85021Phoenix, AZ 850217.7 mi109$92,793,444$600,000$851,316
85281Tempe, AZ 852818.1 mi93$53,890,524$479,950$579,468

Frequently Asked Questions

How many homes are for sale in PHOENIX, AZ 85004?

As of February 2026, there are 55 active listings in PHOENIX, AZ (zip code 85004), compared to 36 the prior year.

What is the median home price in PHOENIX, AZ 85004?

The median listing price in PHOENIX, AZ 85004 is $523,748 as of February 2026, a 16.8% decrease from $629,188 the prior year.

How long do homes stay on the market in PHOENIX, AZ?

Homes in PHOENIX, AZ 85004 spend an average of 86 days on the market before going under contract, compared to 89 days the prior year.

Is it a seller's or buyer's market in PHOENIX, AZ 85004?

Based on current inventory and days-on-market data as of February 2026, PHOENIX, AZ 85004 is currently a Balanced Market. Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice. Homes are selling faster, averaging 86 days on market compared to 89 days last year.

How much can I save on real estate commission in PHOENIX, AZ?

With SELL123.com's maximum 3% commission, sellers in PHOENIX, AZ 85004 save an estimated $10,475 compared to a typical 5% commission on the median listing price of $523,748. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.