Central City · Downtown · Encanto
Data as of February 2026. Source: Realtor.com.
The PHOENIX, AZ real estate market (85007) currently shows 56 active listings, with 14 pending sales. Homes are averaging 57 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 57 days on market compared to 65 days last year.
The median listing price has fallen 16.7% year-over-year, from $718,125 to $598,000.
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.
Population: 13,939 · Density: 1,169.0/mi² · Median household income: $50,490
Typical home value: $358,473 · Homeownership: 39.8%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 85007 | Phoenix, AZ 85007 | 0.0 mi | 53 | $37,472,537 | $609,000 | $707,029 |
| 85004 | Phoenix, AZ 85004 | 1.2 mi | 53 | $33,662,844 | $519,900 | $635,148 |
| 85009 | Phoenix, AZ 85009 | 2.1 mi | 71 | $24,771,829 | $314,900 | $348,899 |
| 85034 | Phoenix, AZ 85034 | 4.2 mi | 13 | $7,292,870 | $427,000 | $560,990 |
| 85012 | Phoenix, AZ 85012 | 4.3 mi | 64 | $40,171,072 | $530,000 | $627,673 |
| 85013 | Phoenix, AZ 85013 | 4.4 mi | 91 | $51,913,134 | $430,000 | $570,474 |
| 85017 | Phoenix, AZ 85017 | 4.7 mi | 70 | $16,965,200 | $259,000 | $242,360 |
| 85019 | Phoenix, AZ 85019 | 5.3 mi | 53 | $17,574,376 | $360,000 | $331,592 |
| 85031 | Phoenix, AZ 85031 | 5.6 mi | 47 | $14,536,019 | $342,450 | $309,277 |
| 85043 | Phoenix, AZ 85043 | 6.2 mi | 85 | $33,432,370 | $379,999 | $393,322 |
| 85042 | Phoenix, AZ 85042 | 6.5 mi | 163 | $93,196,065 | $465,000 | $571,755 |
| 85033 | Phoenix, AZ 85033 | 7.7 mi | 87 | $27,868,362 | $342,000 | $320,326 |
| 85021 | Phoenix, AZ 85021 | 7.9 mi | 109 | $92,793,444 | $600,000 | $851,316 |
As of February 2026, there are 56 active listings in PHOENIX, AZ (zip code 85007), compared to 37 the prior year.
The median listing price in PHOENIX, AZ 85007 is $598,000 as of February 2026, a 16.7% decrease from $718,125 the prior year.
Homes in PHOENIX, AZ 85007 spend an average of 57 days on the market before going under contract, compared to 65 days the prior year.
Based on current inventory and days-on-market data as of February 2026, PHOENIX, AZ 85007 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 57 days on market compared to 65 days last year.
With SELL123.com's maximum 3% commission, sellers in PHOENIX, AZ 85007 save an estimated $11,960 compared to a typical 5% commission on the median listing price of $598,000. 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.