ZIP 85022 Housing Market & Real Estate Update (Phoenix, AZ) — February 24, 2026
85022 – February 24, 2026 – Phoenix-area snapshot: values slightly down YoY, sales pace slower, and active listings offer more choice for buyers.
ZIP 85022 (Phoenix, Arizona) is showing a more negotiation-friendly feel than last year: prices are softer year-over-year in recent sales data, and buyers have a bit more time (and more options) than they did during the faster pace of 2021–2023.
Top takeaways
- Recent closed-sale metrics point to lower median prices year-over-year (Redfin’s latest monthly read for January 2026).
- Inventory counts vary by site, but most dashboards show a solid number of active choices in 85022 right now.
- Days-on-market remains elevated versus last year, which can translate into more inspection and repair leverage.
- Rent signals look mixed: older rental snapshots show softer median rents, but a higher count of rental listings.
Market snapshot (latest available)
Prices: Zillow’s ZIP-level value index puts the typical 85022 home value at $458,918 (data through Jan 31, 2026), down about 3.0% year-over-year. Redfin’s latest monthly update shows a ~$438K median sale price for January 2026, down 12.5% year-over-year.
Inventory: Zillow’s 85022 dashboard shows 147 homes for-sale inventory (as of Jan 31, 2026), while live search pages show higher counts (Zillow’s active search results and Redfin’s live count). Expect variation by feed, filters, and how each site defines an active listing.
Speed and leverage: Redfin reports homes selling in about 73 days (January 2026). Realtor.com’s ZIP snapshot also shows sale-to-list ratios sitting just under 100% in recent months, which typically means buyers are getting at least modest concessions.
What we’re watching locally
Remodels, additions, and permitting: For homeowners near (or in) unincorporated areas of Maricopa County, the county notes its zoning ordinance update is effective January 9, 2026. If you’re planning an ADU, addition, or major exterior change, it’s worth double-checking which jurisdiction controls your permit path (City of Phoenix vs. county) before you price the project.
What’s for sale nearby (no addresses)
- Entry-level options: Current active results include smaller condos/townhomes and some lower-priced non-traditional housing types alongside typical resale stock.
- Core resale: A lot of the visible inventory is 2–4 bedroom single-family homes clustered around the mid-$300Ks to mid-$500Ks, with some listings showing recent price cuts.
- Higher-end pockets: Larger homes (often remodeled, sometimes with pools) are still testing higher price points, giving buyers more room to compare value across neighborhoods.
ServiceXTC local pros (real-estate-adjacent help)
- Rideout Air Conditioning — Air conditioning contractor
- Green Star Plumbing Company Phoenix — Plumber
- Walker Family Plumbing & Electric — Plumber (and electrical)
- Moving For Sport, LLC — Mover
Sources
- Zillow: 85022 home values and for-sale inventory metrics
- Redfin: 85022 monthly sales trends and live listing count
- Realtor.com: ZIP 85022 market and rental snapshot
- Maricopa County: planning and zoning update notice
Question: In 85022, are you seeing sellers negotiate more on price, or more on repairs and closing credits?