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As of January 2025, Phoenix's 85014 ZIP code exhibits a dynamic real estate market with notable trends. The median listing home price stands at $575,000, reflecting a 14.4% decrease compared to the previous year.
Despite this decline, the area remains somewhat competitive, with homes selling in approximately 56 days and receiving an average of one offer per listing.
The median sale price per square foot has risen to $342, indicating a year-over-year increase of 18.8%.
Currently, there are 142 active listings in 85014, with properties spending an average of 75 days on the market.
These mixed indicators suggest a market in transition, offering potential opportunities for both buyers and sellers.
Homeowners in Phoenix's 85014 area should consider selling now to take advantage of a market in transition. With rising demand and an increase in price per square foot, sellers can capitalize on strong buyer interest while inventory remains competitive. The area's central location, desirable amenities, and proximity to vibrant city life make homes highly attractive, offering sellers the chance to maximize their equity and move forward with confidence.
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