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Phoenix, AZ 85040 Real Estate & Property Data

Phoenix, AZ 85040 Real Estate Market Trends
Last Updated: September 06, 2025

A total of 534 residential properties have been sold over the past 12 months in 85040. With a median sales price of $356,958 in 85040 and a total of 6 foreclosures in Phoenix, AZ 85040. Discover market trends and get the granular level real estate data for Phoenix, AZ 85040 to keep your pulse on the housing market. Curate compelling home reports for Phoenix, AZ 85040 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Phoenix, AZ 85040 Real Estate Market Trends
Get property data for any address in Phoenix, AZ 85040 or the country:
Total Residential Properties 8,557
Total Commercial Properties 1,164
Avg. Home Age (Single Family Home) 47 Years
Avg. Square Feet (Single Family Home) 1,405
Total 2025 Residential Sales (year-to-date) 224
% of Homes Seriously Underwater (Q3 2025) 2.38%
Total 2024 Residential Sales 531
% of Equity Rich Homes (Q3 2025) 34.8%
Effective 2024 Property Tax 0.33%
Total Foreclosure Filings (year-to-date) 29
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Phoenix, AZ 85040 Real Estate Overview

There were 534 residential properties sold in the past year in Phoenix, AZ 85040. The median home value in Phoenix, AZ 85040 is $329,491. There are a total of 8,557 residential properties in the 85040.

Median Sales Price i
$356,958
(Jun 2025)
+13.3%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 $356,958
  • May '25 May '25 $375,000
  • April '25 Apr '25 $372,500
  • March '25 Mar '25 $357,000
  • February '25 Feb '25 $369,000
  • January '25 Jan '25 $370,000
  • December '24 Dec '24 $385,000
  • November '24 Nov '24 $340,000
  • October '24 Oct '24 $375,000
  • September '24 Sep '24 $349,999
  • August '24 Aug '24 $395,000
  • July '24 Jul '24 $341,500
Median Down Payment i
$14,900
(Jun 2025)
-30.6%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 $14,900
  • May '25 May '25 $19,380
  • April '25 Apr '25 $22,000
  • March '25 Mar '25 $10,500
  • February '25 Feb '25 $17,255
  • January '25 Jan '25 $17,750
  • December '24 Dec '24 $26,172
  • November '24 Nov '24 $12,328
  • October '24 Oct '24 $19,557
  • September '24 Sep '24 $15,290
  • August '24 Aug '24 $26,000
  • July '24 Jul '24 $14,696
Number of Homes Sold i
50
(Jun 2025)
+4.2%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 50
  • May '25 May '25 40
  • April '25 Apr '25 43
  • March '25 Mar '25 31
  • February '25 Feb '25 30
  • January '25 Jan '25 30
  • December '24 Dec '24 82
  • November '24 Nov '24 30
  • October '24 Oct '24 35
  • September '24 Sep '24 27
  • August '24 Aug '24 40
  • July '24 Jul '24 48
Number of Purchase Loans i
35
(Jun 2025)
-2.8%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 35
  • May '25 May '25 38
  • April '25 Apr '25 27
  • March '25 Mar '25 27
  • February '25 Feb '25 19
  • January '25 Jan '25 27
  • December '24 Dec '24 25
  • November '24 Nov '24 24
  • October '24 Oct '24 29
  • September '24 Sep '24 21
  • August '24 Aug '24 25
  • July '24 Jul '24 71
Number of REFI Loans i
23
(Jun 2025)
+76.9%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 23
  • May '25 May '25 20
  • April '25 Apr '25 21
  • March '25 Mar '25 19
  • February '25 Feb '25 23
  • January '25 Jan '25 26
  • December '24 Dec '24 24
  • November '24 Nov '24 23
  • October '24 Oct '24 23
  • September '24 Sep '24 20
  • August '24 Aug '24 19
  • July '24 Jul '24 51
Number of HELOC Loans i
5
(Jun 2025)
+66.7%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 5
  • May '25 May '25 10
  • April '25 Apr '25 7
  • March '25 Mar '25 4
  • February '25 Feb '25 10
  • January '25 Jan '25 8
  • December '24 Dec '24 8
  • November '24 Nov '24 3
  • October '24 Oct '24 8
  • September '24 Sep '24 8
  • August '24 Aug '24 4
  • July '24 Jul '24 9

Phoenix, AZ 85040 Real Estate Market Overview

Last 30 days
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Phoenix, AZ 85040 Foreclosure Activity

There were a total of 6 Phoenix, AZ 85040 properties with a foreclosure filing in June 2025. Lenders started the foreclosure process on 6 Phoenix, AZ 85040 properties and repossessed 2 Phoenix, AZ 85040 properties through completed foreclosures (REOs) in June 2025.

Total Foreclosure Filings i
6
(Jun 2025)
+500%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 6
  • May '25 May '25 6
  • April '25 Apr '25 5
  • March '25 Mar '25 6
  • February '25 Feb '25 1
  • January '25 Jan '25 5
  • December '24 Dec '24 5
  • November '24 Nov '24 2
  • October '24 Oct '24 4
  • September '24 Sep '24 1
  • August '24 Aug '24 2
  • July '24 Jul '24 4
Foreclosure Starts i
6
(Jun 2025)
+500%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 6
  • May '25 May '25 6
  • April '25 Apr '25 5
  • March '25 Mar '25 6
  • February '25 Feb '25 1
  • January '25 Jan '25 5
  • December '24 Dec '24 5
  • November '24 Nov '24 2
  • October '24 Oct '24 4
  • September '24 Sep '24 1
  • August '24 Aug '24 2
  • July '24 Jul '24 4
Completed Foreclosures (REOs) i
2
(Jun 2025)
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 2
  • May '25 May '25 N/A
  • April '25 Apr '25 N/A
  • March '25 Mar '25 N/A
  • February '25 Feb '25 1
  • January '25 Jan '25 1
  • December '24 Dec '24 N/A
  • November '24 Nov '24 2
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
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