Phoenix, AZ 85023 Real Estate & Property Data

Phoenix, AZ 85023 Real Estate Market Trends
Last Updated: April 22, 2025

A total of 502 residential properties have been sold over the past 12 months in 85023. With a median sales price of $485,000 in 85023 and a total of 5 foreclosures in Phoenix, AZ 85023. Discover market trends and get the granular level real estate data for Phoenix, AZ 85023 to keep your pulse on the housing market. Curate compelling home reports for Phoenix, AZ 85023 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Phoenix, AZ 85023 Real Estate Market Trends
Total Residential Properties 9,370
Total Commercial Properties 248
Avg. Home Age (Single Family Home) 42 Years
Avg. Square Feet (Single Family Home) 1,896
Total 2025 Residential Sales (year-to-date) 74
% of Homes Seriously Underwater (Q2 2025) 0.83%
Total 2024 Residential Sales 451
% of Equity Rich Homes (Q2 2025) 46.58%
Effective 2024 Property Tax 0.44%
Total Foreclosure Filings (year-to-date) 7
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Phoenix, AZ 85023 Real Estate Overview

There were 502 residential properties sold in the past year in Phoenix, AZ 85023. The median home value in Phoenix, AZ 85023 is $429,320. There are a total of 9,370 residential properties in the 85023.

Median Sales Price i
$485,000
(Feb 2025)
+5.4%
year-over-year
y-o-y
  • February '25 Feb '25 $485,000
  • January '25 Jan '25 $410,000
  • December '24 Dec '24 $424,000
  • November '24 Nov '24 $492,500
  • October '24 Oct '24 $475,000
  • September '24 Sep '24 $441,800
  • August '24 Aug '24 $475,000
  • July '24 Jul '24 $439,000
  • June '24 Jun '24 $450,000
  • May '24 May '24 $510,000
  • April '24 Apr '24 $440,000
  • March '24 Mar '24 $437,500
Median Down Payment i
$41,400
(Feb 2025)
-43.8%
year-over-year
y-o-y
  • February '25 Feb '25 $41,400
  • January '25 Jan '25 $72,875
  • December '24 Dec '24 $47,000
  • November '24 Nov '24 $19,500
  • October '24 Oct '24 $80,000
  • September '24 Sep '24 $55,000
  • August '24 Aug '24 $81,250
  • July '24 Jul '24 $112,490
  • June '24 Jun '24 $88,200
  • May '24 May '24 $102,125
  • April '24 Apr '24 $43,500
  • March '24 Mar '24 $34,629
Number of Homes Sold i
36
(Feb 2025)
+16.1%
year-over-year
y-o-y
  • February '25 Feb '25 36
  • January '25 Jan '25 38
  • December '24 Dec '24 52
  • November '24 Nov '24 25
  • October '24 Oct '24 25
  • September '24 Sep '24 38
  • August '24 Aug '24 32
  • July '24 Jul '24 45
  • June '24 Jun '24 35
  • May '24 May '24 59
  • April '24 Apr '24 45
  • March '24 Mar '24 41
Number of Purchase Loans i
24
(Feb 2025)
-7.7%
year-over-year
y-o-y
  • February '25 Feb '25 24
  • January '25 Jan '25 27
  • December '24 Dec '24 32
  • November '24 Nov '24 19
  • October '24 Oct '24 23
  • September '24 Sep '24 28
  • August '24 Aug '24 29
  • July '24 Jul '24 32
  • June '24 Jun '24 26
  • May '24 May '24 44
  • April '24 Apr '24 29
  • March '24 Mar '24 27
Number of REFI Loans i
20
(Feb 2025)
+81.8%
year-over-year
y-o-y
  • February '25 Feb '25 20
  • January '25 Jan '25 22
  • December '24 Dec '24 28
  • November '24 Nov '24 20
  • October '24 Oct '24 34
  • September '24 Sep '24 20
  • August '24 Aug '24 18
  • July '24 Jul '24 22
  • June '24 Jun '24 15
  • May '24 May '24 15
  • April '24 Apr '24 25
  • March '24 Mar '24 21
Number of HELOC Loans i
14
(Feb 2025)
+40%
year-over-year
y-o-y
  • February '25 Feb '25 14
  • January '25 Jan '25 14
  • December '24 Dec '24 15
  • November '24 Nov '24 13
  • October '24 Oct '24 17
  • September '24 Sep '24 13
  • August '24 Aug '24 15
  • July '24 Jul '24 9
  • June '24 Jun '24 5
  • May '24 May '24 10
  • April '24 Apr '24 10
  • March '24 Mar '24 17

Phoenix, AZ 85023 Foreclosure Activity

There were a total of 5 Phoenix, AZ 85023 properties with a foreclosure filing in February 2025.

Total Foreclosure Filings i
5
(Feb 2025)
+150%
year-over-year
y-o-y
  • February '25 Feb '25 5
  • January '25 Jan '25 2
  • December '24 Dec '24 N/A
  • November '24 Nov '24 4
  • October '24 Oct '24 2
  • September '24 Sep '24 4
  • August '24 Aug '24 2
  • July '24 Jul '24 2
  • June '24 Jun '24 1
  • May '24 May '24 4
  • April '24 Apr '24 5
  • March '24 Mar '24 2
Foreclosure Starts i
5
(Feb 2025)
+150%
year-over-year
y-o-y
  • February '25 Feb '25 5
  • January '25 Jan '25 2
  • December '24 Dec '24 N/A
  • November '24 Nov '24 4
  • October '24 Oct '24 2
  • September '24 Sep '24 4
  • August '24 Aug '24 2
  • July '24 Jul '24 2
  • June '24 Jun '24 1
  • May '24 May '24 4
  • April '24 Apr '24 5
  • March '24 Mar '24 2
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