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Camelback East Central City Central Phoenix Starlite Trailer Park

PHOENIX, AZ 85008

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

Neighborhoods in ZIP 85008

Camelback East · Central City · Central Phoenix · Starlite Trailer Park

Market Analysis

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

The PHOENIX, AZ real estate market (85008) currently shows 111 active listings, with 22 pending sales. Homes are averaging 54 days on the market before going under contract.

Inventory has increased compared to last year, with 34 more homes available — giving buyers more choice.

The median listing price has fallen 24.5% year-over-year, from $528,750 to $399,000.

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.

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Market Context

Market Context

Population: 61,759  ·  Density: 2,330.7/mi²  ·  Median household income: $57,728

Typical home value: $305,235  ·  Homeownership: 28.8%

Market Overview

Active Listings
111
⇧ 44.2% vs 77 last year
Pending
22
20% pending ratio
Median Price
$399,000
⇩ 24.5% vs $528,750 last year
Average Price
$504,958
⇩ 14.9% vs $593,377 last year
Days on Market
54
vs 54 days last year

Price Per Square Foot

Median $/sqft
$309
⇩ 8.3% vs $337/sqft last year
Median Home Size
1,273 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 111 this year vs 77 last year
  • Days on market: 54 now vs 54 last year

Median & Average Pricing

Year over Year
  • Median: $399,000 (-24.5% YoY)
  • Average: $504,958 (-14.9% 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 8.2 miles — 1,525 listings ($964,406,623 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85008Phoenix, AZ 850080.0 mi106$51,672,032$399,999$487,472
85006Phoenix, AZ 850063.5 mi62$31,024,986$485,000$500,403
85016Phoenix, AZ 850164.0 mi262$266,279,770$595,000$1,016,335
85257Scottsdale, AZ 852574.2 mi192$112,714,368$640,000$587,054
85040Phoenix, AZ 850404.6 mi59$21,554,942$354,500$365,338
85004Phoenix, AZ 850044.8 mi53$33,662,844$519,900$635,148
85003Phoenix, AZ 850035.3 mi57$52,833,699$769,000$926,907
85282Tempe, AZ 852825.7 mi110$52,130,870$484,250$473,917
85007Phoenix, AZ 850076.1 mi53$37,472,537$609,000$707,029
85013Phoenix, AZ 850136.4 mi91$51,913,134$430,000$570,474
85015Phoenix, AZ 850157.3 mi140$57,116,500$376,000$407,975
85042Phoenix, AZ 850428.1 mi163$93,196,065$465,000$571,755
85020Phoenix, AZ 850208.2 mi177$102,834,876$396,500$580,988

Frequently Asked Questions

How many homes are for sale in PHOENIX, AZ 85008?

As of February 2026, there are 111 active listings in PHOENIX, AZ (zip code 85008), compared to 77 the prior year.

What is the median home price in PHOENIX, AZ 85008?

The median listing price in PHOENIX, AZ 85008 is $399,000 as of February 2026, a 24.5% decrease from $528,750 the prior year.

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

Homes in PHOENIX, AZ 85008 spend an average of 54 days on the market before going under contract, compared to 54 days the prior year.

Is it a seller's or buyer's market in PHOENIX, AZ 85008?

Based on current inventory and days-on-market data as of February 2026, PHOENIX, AZ 85008 is currently a Balanced Market. Inventory has increased compared to last year, with 34 more homes available — giving buyers more choice.

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

With SELL123.com's maximum 3% commission, sellers in PHOENIX, AZ 85008 save an estimated $7,980 compared to a typical 5% commission on the median listing price of $399,000. 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.