Unshakable ZIP Data 85016 | Phoenix, AZ Housing Market
Phoenix · Maricopa County · Phoenix-Mesa-Chandler, AZ metro · Arizona · Data updated June 19, 2026
The median sale price in ZIP 85016, Phoenix, Arizona is $619,316 at $388 per square foot. 214 single-family homes sold in the latest period, up 36.4 percent from a year earlier. Homes sit a median of 64 days on market with 3.8 months of supply. Sellers are getting 95.8 percent of list price and 5.3 percent of homes sold above asking.
Buyer leverage market. Negotiate hard.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $606,777 | |
| Average price per sq ft | $380 | |
| Median sale price | $619,316 | |
| Median sale price per sq ft | $388 | |
| Median home size | 1,598 sq ft | |
| Median new listing price | $584,454 | -6.9% |
| National size rank | 2,653 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 214 | +36.4% |
| Median days on market | 64 days | |
| Months of supply | 3.8 months | |
| New listings | 225 | -11.3% |
| Active listings | 506 | +1.3% |
| Pending sales | 211 | +18.4% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 95.8% | -0.5 pts |
| Share sold above list | 5.3% | -1.1 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
1-bedroom
$243,609
2-bedroom
$390,753
3-bedroom
$612,663
4-bedroom
$915,213
5-bedroom
$1,671,336
These figures describe the single-family market for Phoenix, Arizona ZIP 85016. They are market context, not a substitute for sold comps or a formal appraisal.