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Phoenix, Arizona · ZIP 85016
Phoenix 85016 homes for sale
Every active Phoenix 85016 listing, live from the MLS, with the numbers behind them.
The short answer
As of October 31, 2026, there are 255 homes, condos, and townhomes listed for sale in Phoenix 85016, with a median list price of $550,000. Over the past 12 months, 560 homes sold at a median price of $567,000, or $367 per square foot, after a median of 60 days on market. Homes closed at a median of 97.35% of their final list price. With about 5.5 months of supply, the market is close to balanced.
Source: ARMLS via Flexmls, calculated by Arizona Luxury Partners. Figures cover single-family homes, condos, townhomes, and patio homes with a Phoenix address in ZIP 85016 in the MLS, as explained in the FAQ below.
The Phoenix 85016 market, by the numbers
Closed residential sales, October 31, 2025 to October 31, 2026.
Months of supply is today's 255 listings divided by the 12 month average of about 47 sales per month. 121 of the 560 sales closed at $1 million or more. Seller concessions are seller paid buyer costs, such as closing costs or a rate buydown, as reported on the closed MLS record. Listing success rate is the share of listings that left the market over the past 12 months that closed rather than being cancelled or expiring: 560 closed and 346 cancelled or expired. A listing that was cancelled and relisted counts as cancelled.
Phoenix 85016 median sale price, 10 years
Yearly median sale price of closed residential sales, 2016 to 2026.
The median sale price for homes with a Phoenix 85016 address went from $281,000 in 2016 to $573,500 in 2025, up 104%. So far this year, through October 31, 2026, the median is $569,173. A median is the middle sale of the year, so it moves with both prices and the mix of homes that sold. Ask us how values have changed for homes like yours.
See the yearly numbers
| Year | Median sale price | Homes sold |
|---|---|---|
| 2026 (through October 31, 2026) | $569,173 | 478 |
| 2025 | $573,500 | 528 |
| 2024 | $558,000 | 495 |
| 2023 | $522,450 | 534 |
| 2022 | $519,000 | 669 |
| 2021 | $450,000 | 1,104 |
| 2020 | $388,500 | 914 |
| 2019 | $340,500 | 930 |
| 2018 | $329,000 | 867 |
| 2017 | $300,000 | 816 |
| 2016 | $281,000 | 791 |
Source: ARMLS via Flexmls. Closed residential sales by calendar year, calculated by Arizona Luxury Partners.
Search Phoenix 85016 homes for sale
Updated continuously from the MLS. Filter, save, and tour any home.
What the numbers mean right now
Our read on the market, for buyers and for sellers.
Over the past 12 months, 560 homes with a Phoenix 85016 address sold, and 22% of them closed at $1 million or more. Today 255 are listed for sale, and 160 of those have already had a price change.
Pricing is where homes win or sit. 151 of last year's sales, or 27%, went under contract within 30 days, at about 97% of list price on average. 122, or 22%, took more than 120 days, and those closed at about 87% of their original list price on average.
If you are buying
- The typical home sold about 5% below its original list price, so there is room to negotiate on homes that have been listed a while.
- 41% of sales included a seller concession. Ask about closing costs or a rate buydown as part of your offer.
- Compare a home against recent sales in the same neighborhood and price range, not the whole ZIP code.
- Get pre-approved first so you can act quickly when the right home comes up.
If you are selling
- Your first month matters most. Homes that sold within 30 days closed at about 97% of list price on average.
- Homes that sat more than 120 days closed at about 87% of their original list price, so pricing right at the start pays.
- Price against recent sales in your own neighborhood, and show how your home compares on size, lot, and updates.
- We can show you the exact sales we would use to price your home.
About Phoenix 85016
How ZIP 85016 compares with the rest of Phoenix.
ZIP code 85016 is one of the 43 ZIP codes that make up nearly all Phoenix home sales in the MLS. Over the past 12 months it accounted for 560 of the 13,033 Phoenix home sales, or about 4%, at a median price of $567,000, above the Phoenix median of $440,000.
- City
- Phoenix, Arizona (MLS mailing city)
- ZIP code
- 85016
- Median home size sold
- 1,632 square feet over the past 12 months
- Share of Phoenix sales
- 4% of the 13,033 closed sales over the past 12 months
- Listings at $1 million or more
- 62 of 255 active listings
- Listings with a price change
- 160 of 255 active listings
Other Phoenix ZIP codes
Compare Phoenix 85016 with the rest of Phoenix.
Phoenix 85016 questions, answered
How much do homes cost in Phoenix 85016?
The median sale price was $567,000 for the 560 homes, condos, and townhomes with a Phoenix 85016 address that sold from October 31, 2025 to October 31, 2026, or $367 per square foot. Homes listed for sale on October 31, 2026 had a median list price of $550,000.
How many homes are for sale in Phoenix 85016 right now?
As of October 31, 2026, 255 homes, condos, and townhomes with a Phoenix 85016 address were listed for sale in the MLS. The search on this page updates continuously, so it always shows the current count.
How fast do homes sell in Phoenix 85016?
Homes that sold over the past 12 months spent a median of 60 days on the market and closed at a median of 97.35% of their final list price, or 94.87% of their original list price.
Is Phoenix 85016 a buyer's market or a seller's market?
With 255 listings today and about 47 sales a month over the past year, Phoenix 85016 has about 5.5 months of supply, which is close to balanced. Conditions vary a lot by price range and neighborhood, so ask us for the numbers on the homes you are considering.
How common are seller concessions in Phoenix 85016?
229 of the 560 closed sales, or 41%, reported a seller concession on the MLS record, such as seller paid closing costs or a rate buydown. Among the sales that had one, the median concession was $9,900.
How many listings actually sell in Phoenix 85016?
Of the 906 listings that left the market over the past 12 months, 560 closed and 346 were cancelled or expired, a listing success rate of 62%. A listing that was cancelled and then relisted counts as cancelled.
How have Phoenix 85016 home prices changed over the past 10 years?
The median sale price for homes with a Phoenix 85016 address was $281,000 in 2016 and $573,500 in 2025, up 104%. So far this year, through October 31, 2026, the median is $569,173.
How does this page define Phoenix 85016?
Our search and statistics include residential listings, meaning single-family homes, condos, townhomes, and patio homes, whose MLS city is Phoenix and whose ZIP code is 85016. The MLS city is the mailing address city, which does not always match city limits. Figures were calculated by Arizona Luxury Partners from ARMLS data on October 31, 2026.
Thinking about Phoenix 85016?
Your vision, your home, our expertise.
Tell us what you are looking for and we will send new Phoenix 85016 listings that fit, along with the sales data behind each one. Our office is on Pima Road in north Scottsdale. White-glove service at every price point.
Your advisors
602.814.7266
kyle@azluxurypartners.com
License BR665419000
Meet Kyle
480.510.7689
art@azluxurypartners.com
License BR014102000
Meet Art
Arizona Luxury Partners | Real Estate Group at RE/MAX Fine Properties
Sources
- ARMLS via Flexmls. Residential closed sales October 31, 2025 to October 31, 2026, and active listings on October 31, 2026, for listings whose MLS city is Phoenix and ZIP code is 85016. Medians and months of supply calculated by Arizona Luxury Partners.
- ARMLS via Flexmls. Residential closed sales for each calendar year from 2016 through October 31, 2026, for listings whose MLS city is Phoenix and ZIP code is 85016, used for the 10 year median sale price chart.
All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is provided by the Arizona Regional Multiple Listing Service and may not reflect all real estate activity in the market. ZIP code areas do not follow city limits or school boundaries, so confirm the city, HOA, and assigned schools for a specific address. This page is for general information only and is not financial, lending, legal, or tax advice. Arizona Luxury Partners | Real Estate Group at RE/MAX Fine Properties, 21020 N. Pima Road, Scottsdale, AZ 85255. Office 480.766.1515. Brokerage License LC629808000. Equal Housing Opportunity.
