Markets/Phoenix, AZ/85040
85040 housing market
From 110+ single-family sales recorded in ZIP code 85040 (Phoenix, AZ) from November 2025 to October 2026. Enter an address to see what it is worth after repair.
Informational only, not a buy/sell recommendation. ARV is an estimate, not an appraisal.
Point at any area to see what homes there sold for. Tap a color to filter.
The numbers
Medians over the last 12 full months, compared with the 12 months before.
Quarter by quarter
Median sale price (line) and homes sold (bars) each quarter.
By bedrooms
What each size of home sold for.
| Bedrooms | Homes sold | Median price | Per sq ft |
|---|---|---|---|
| 2 | 10+ | $250,000 | $227 |
| 3 | 50+ | $358,916 | $255 |
| 4 | 30+ | $395,000 | $231 |
| 5 or more | 10+ | $462,000 | $218 |
Questions investors ask about 85040
What is the median home price in ZIP code 85040?
Single-family homes in 85040 (Phoenix, AZ) sold for a median of $360,000 from November 2025 to October 2026, down 1.4% on the 12 months before, across 110+ sales, at a median of $236 per square foot.
How does 85040 compare with nearby ZIP codes?
Of the 5 closest ZIP codes with enough sales, 1 had a lower median price and 4 a higher one. 85042: $435,000; 85041: $384,900; 85008: $430,000.
How do I estimate the ARV of a property in 85040?
Enter the address above. iComps pulls recent comparable sales near the property, adjusts them for size and features, and returns the after-repair value with every comp and adjustment shown.
Run an ARV in 85040
Comparable sales, adjustments and an all-in cost breakdown for any address.
How these numbers are made: single-family sales recorded in ZIP code 85040 with a sale date from November 2025 to October 2026. Prices are medians. Price per square foot uses homes between 400 and 10,000 sq ft. The map groups sales into hexagon areas about 0.7 km across and shows only areas with at least 5 sales. Updated every month. Individual properties are not shown.
Figures are approximate and may change slightly as new sales are recorded.
Market data for informational purposes only. Not investment advice, not a recommendation to buy, sell, or hold any property or security. Past market activity does not guarantee future results. Consult a licensed professional before making real estate decisions.
ARV calculations are estimates for informational purposes only and do not constitute professional appraisals, financial advice, or investment recommendations. All figures must be independently verified by a licensed appraiser before making any investment decisions. Past comparable sales data does not guarantee future property values. iComps is not a licensed real estate broker, appraiser, or financial advisor.
