85016 Home Values & Market Trends
There are 756 homes currently listed for 85016. 85016 real estate market trends show that home prices range from $79,900 to $8,900,000, and the median sales price in the 85016 zip code is $592,725. The total number of properties sold within the past twelve months is 794. In 85016, 139 properties are in foreclosure, 128 are bank owned properties,and 11 are headed for auction.
85016 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Phoenix | $ 421,353 $ 270/sqft |
Housing Market Summary for 85016
| Oct 2025 | October 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $622.9K | $635K | 1.94% |
| Median Sold Price | $521.9K | $535.6K | 2.62% |
| Homes For Sale | 565 | 756 | 33.81% |
| Homes Sold | 319 | 260 | -18.50% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 85016
Browse Homes in 85016
The median list price of a home in Phoenix, is $592,725. A total of 756 properties are for sale, and the percentage of properties for sale in the zip code is 756.00%. The total count of 85016 properties is 1,290.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 85016 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 85016; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 85016 ranges from the highest value of $2,550,000 in phoenix to the lowest value of $109,139 in phoenix. Bank owned homes and properties account for 9.92% of properties in 85016. There is 1 cities within 85016; phoenix containing 326 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsphoenix has 664 auction properties, the highest number of properties going to auction in a single city in the state of 85016. Auction homes and other auction properties account for 0.85% of all properties in 85016. There is 1 cities within 85016; of that cities, the median estimated home value for homes going to auction ranges from $2,109,495 in phoenix to the lowest value of $94,199 in phoenix.
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More Real Estate Resources for 85016
Guide for 85016
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
