Home/Phoenix homes for sale/ZIP 85031

The short answer

As of October 31, 2026, there are 32 homes, condos, and townhomes listed for sale in Phoenix 85031, with a median list price of $340,000. Over the past 12 months, 126 homes sold at a median price of $330,000, or $211 per square foot, after a median of 37 days on market. Homes closed at a median of 100.00% of their final list price. With about 3.0 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 85031 in the MLS, as explained in the FAQ below.

The Phoenix 85031 market, by the numbers

Closed residential sales, October 31, 2025 to October 31, 2026.

126
Homes sold in the past 12 months
$330,000
Median sale price
$211
Median price per square foot
37 days
Median days on market
100.00%
Median sale to final list price
97.64%
Median sale to original list price
32
Homes for sale today
3.0
Months of supply
0%
Sales at $1 million or more
73%
Closed sales with a seller concession
$10,000
Median seller concession, sales that had one
58%
Listing success rate

Months of supply is today's 32 listings divided by the 12 month average of about 10 sales per month. 0 of the 126 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: 126 closed and 92 cancelled or expired. A listing that was cancelled and relisted counts as cancelled.

Phoenix 85031 median sale price, 10 years

Yearly median sale price of closed residential sales, 2016 to 2026.

Phoenix 85031 median home sale price by year Line chart of the yearly median sale price from 2016 to 2026. The table below the chart lists every value. $0 $50K $100K $150K $200K $250K $300K $350K $400K 2016: $135,000 median, 271 sales 2016 $135K 2017: $155,000 median, 363 sales 2017 2018: $177,000 median, 271 sales 2018 2019: $187,750 median, 318 sales 2019 2020: $223,250 median, 294 sales 2020 2021: $275,000 median, 309 sales 2021 2022: $337,500 median, 224 sales 2022 2023: $335,000 median, 161 sales 2023 2024: $348,500 median, 138 sales 2024 $348K 2025: $322,000 median, 122 sales 2025 2026 year to date: $332,000 median, 105 sales 2026 YTD $332K

The median sale price for homes with a Phoenix 85031 address went from $135,000 in 2016 to $322,000 in 2025, up 139%. The highest yearly median was $348,500 in 2024. So far this year, through October 31, 2026, the median is $332,000. 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
YearMedian sale priceHomes sold
2026 (through October 31, 2026)$332,000105
2025$322,000122
2024$348,500138
2023$335,000161
2022$337,500224
2021$275,000309
2020$223,250294
2019$187,750318
2018$177,000271
2017$155,000363
2016$135,000271

Source: ARMLS via Flexmls. Closed residential sales by calendar year, calculated by Arizona Luxury Partners.

What the numbers mean right now

Our read on the market, for buyers and for sellers.

Over the past 12 months, 126 homes with a Phoenix 85031 address sold, and 0% of them closed at $1 million or more. Today 32 are listed for sale, and 24 of those have already had a price change.

Pricing is where homes win or sit. 48 of last year's sales, or 38%, went under contract within 30 days, at about 99% of list price on average. 15, or 12%, took more than 120 days, and those closed at about 84% of their original list price on average.

If you are buying

  • The typical home sold about 2% below its original list price, so there is room to negotiate on homes that have been listed a while.
  • 73% 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 99% of list price on average.
  • Homes that sat more than 120 days closed at about 84% 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.

Get a Phoenix 85031 home value

About Phoenix 85031

How ZIP 85031 compares with the rest of Phoenix.

ZIP code 85031 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 126 of the 13,033 Phoenix home sales, or about 1%, at a median price of $330,000, below the Phoenix median of $440,000.

City
Phoenix, Arizona (MLS mailing city)
ZIP code
85031
Median home size sold
1,507 square feet over the past 12 months
Share of Phoenix sales
1% of the 13,033 closed sales over the past 12 months
Listings at $1 million or more
0 of 32 active listings
Listings with a price change
24 of 32 active listings

See all Phoenix homes for sale and city-wide market data

Other Phoenix ZIP codes

Compare Phoenix 85031 with the rest of Phoenix.

Phoenix 850013 sold in 12 months, median $439,990See 85001 homes Phoenix 85003103 sold in 12 months, median $700,000See 85003 homes Phoenix 8500461 sold in 12 months, median $365,000See 85004 homes Phoenix 85006152 sold in 12 months, median $447,750See 85006 homes Phoenix 85007102 sold in 12 months, median $512,500See 85007 homes Phoenix 85008218 sold in 12 months, median $380,000See 85008 homes Phoenix 85009151 sold in 12 months, median $302,000See 85009 homes Phoenix 85012108 sold in 12 months, median $515,000See 85012 homes Phoenix 85013237 sold in 12 months, median $525,000See 85013 homes Phoenix 85014300 sold in 12 months, median $485,000See 85014 homes Phoenix 85015282 sold in 12 months, median $375,000See 85015 homes Phoenix 85016560 sold in 12 months, median $567,000See 85016 homes Phoenix 85017151 sold in 12 months, median $325,000See 85017 homes Phoenix 85018643 sold in 12 months, median $1,207,500See 85018 homes Phoenix 85019152 sold in 12 months, median $342,500See 85019 homes Phoenix 85020479 sold in 12 months, median $427,500See 85020 homes Phoenix 85021278 sold in 12 months, median $485,000See 85021 homes Phoenix 85022545 sold in 12 months, median $425,000See 85022 homes Phoenix 85023332 sold in 12 months, median $420,000See 85023 homes Phoenix 85024462 sold in 12 months, median $560,000See 85024 homes Phoenix 85027392 sold in 12 months, median $373,700See 85027 homes Phoenix 85028327 sold in 12 months, median $697,000See 85028 homes Phoenix 85029398 sold in 12 months, median $370,000See 85029 homes Phoenix 85032746 sold in 12 months, median $461,250See 85032 homes Phoenix 85033300 sold in 12 months, median $335,000See 85033 homes Phoenix 8503410 sold in 12 months, median $309,950See 85034 homes Phoenix 85035229 sold in 12 months, median $339,000See 85035 homes Phoenix 85037502 sold in 12 months, median $387,000See 85037 homes Phoenix 85040187 sold in 12 months, median $360,000See 85040 homes Phoenix 85041445 sold in 12 months, median $385,000See 85041 homes Phoenix 85042392 sold in 12 months, median $416,000See 85042 homes Phoenix 85043227 sold in 12 months, median $365,000See 85043 homes Phoenix 85044473 sold in 12 months, median $475,000See 85044 homes Phoenix 85045142 sold in 12 months, median $632,450See 85045 homes Phoenix 85048383 sold in 12 months, median $590,000See 85048 homes Phoenix 85050506 sold in 12 months, median $575,000See 85050 homes Phoenix 85051318 sold in 12 months, median $346,250See 85051 homes Phoenix 85053268 sold in 12 months, median $383,344See 85053 homes Phoenix 85054213 sold in 12 months, median $680,000See 85054 homes Phoenix 85083252 sold in 12 months, median $630,000See 85083 homes Phoenix 85085508 sold in 12 months, median $615,000See 85085 homes Phoenix 85086365 sold in 12 months, median $676,600See 85086 homes

All Phoenix homes for sale

Phoenix 85031 questions, answered

How much do homes cost in Phoenix 85031?

The median sale price was $330,000 for the 126 homes, condos, and townhomes with a Phoenix 85031 address that sold from October 31, 2025 to October 31, 2026, or $211 per square foot. Homes listed for sale on October 31, 2026 had a median list price of $340,000.

How many homes are for sale in Phoenix 85031 right now?

As of October 31, 2026, 32 homes, condos, and townhomes with a Phoenix 85031 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 85031?

Homes that sold over the past 12 months spent a median of 37 days on the market and closed at a median of 100.00% of their final list price, or 97.64% of their original list price.

Is Phoenix 85031 a buyer's market or a seller's market?

With 32 listings today and about 10 sales a month over the past year, Phoenix 85031 has about 3.0 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 85031?

92 of the 126 closed sales, or 73%, 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 $10,000.

How many listings actually sell in Phoenix 85031?

Of the 218 listings that left the market over the past 12 months, 126 closed and 92 were cancelled or expired, a listing success rate of 58%. A listing that was cancelled and then relisted counts as cancelled.

How have Phoenix 85031 home prices changed over the past 10 years?

The median sale price for homes with a Phoenix 85031 address was $135,000 in 2016 and $322,000 in 2025, up 139%. The highest yearly median in that span was $348,500 in 2024. So far this year, through October 31, 2026, the median is $332,000.

How does this page define Phoenix 85031?

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 85031. 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 85031?

Your vision, your home, our expertise.

Tell us what you are looking for and we will send new Phoenix 85031 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.

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Your advisors

Kyle HermannAssociate Broker | Realtor®
602.814.7266
kyle@azluxurypartners.com
License BR665419000
Meet Kyle
Cheryl SolanoCRS® | Realtor®
480.518.0181
cheryl@azluxurypartners.com
License SA541911000
Meet Cheryl
Art BuckAssociate Broker | Realtor® | CCIM
480.510.7689
art@azluxurypartners.com
License BR014102000
Meet Art

Arizona Luxury Partners | Real Estate Group at RE/MAX Fine Properties

Sources

  1. 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 85031. Medians and months of supply calculated by Arizona Luxury Partners.
  2. 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 85031, 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.