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Phoenix, AZ 85048 Real Estate & Property Data

Phoenix, AZ 85048 Real Estate Market Trends
Last Updated: September 06, 2025

A total of 587 residential properties have been sold over the past 12 months in 85048. With a median sales price of $718,000 in 85048 and a total of 1 foreclosures in Phoenix, AZ 85048. Discover market trends and get the granular level real estate data for Phoenix, AZ 85048 to keep your pulse on the housing market. Curate compelling home reports for Phoenix, AZ 85048 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Phoenix, AZ 85048 Real Estate Market Trends
Get property data for any address in Phoenix, AZ 85048 or the country:
Total Residential Properties 12,607
Total Commercial Properties 311
Avg. Home Age (Single Family Home) 32 Years
Avg. Square Feet (Single Family Home) 2,364
Total 2025 Residential Sales (year-to-date) 291
% of Homes Seriously Underwater (Q3 2025) 0.6%
Total 2024 Residential Sales 537
% of Equity Rich Homes (Q3 2025) 47.2%
Effective 2024 Property Tax 0.51%
Total Foreclosure Filings (year-to-date) 12
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Phoenix, AZ 85048 Real Estate Overview

There were 587 residential properties sold in the past year in Phoenix, AZ 85048. The median home value in Phoenix, AZ 85048 is $576,560. There are a total of 12,607 residential properties in the 85048.

Median Sales Price i
$718,000
(Jun 2025)
+19.7%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 $718,000
  • May '25 May '25 $687,500
  • April '25 Apr '25 $600,000
  • March '25 Mar '25 $599,450
  • February '25 Feb '25 $625,000
  • January '25 Jan '25 $777,500
  • December '24 Dec '24 $585,000
  • November '24 Nov '24 $700,000
  • October '24 Oct '24 $559,000
  • September '24 Sep '24 $608,000
  • August '24 Aug '24 $601,500
  • July '24 Jul '24 $615,000
Median Down Payment i
$169,800
(Jun 2025)
+46.4%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 $169,800
  • May '25 May '25 $170,000
  • April '25 Apr '25 $106,880
  • March '25 Mar '25 $117,980
  • February '25 Feb '25 $102,400
  • January '25 Jan '25 $154,000
  • December '24 Dec '24 $102,750
  • November '24 Nov '24 $150,000
  • October '24 Oct '24 $91,400
  • September '24 Sep '24 $93,600
  • August '24 Aug '24 $128,739
  • July '24 Jul '24 $106,000
Number of Homes Sold i
49
(Jun 2025)
-5.8%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 49
  • May '25 May '25 48
  • April '25 Apr '25 50
  • March '25 Mar '25 57
  • February '25 Feb '25 60
  • January '25 Jan '25 27
  • December '24 Dec '24 38
  • November '24 Nov '24 39
  • October '24 Oct '24 55
  • September '24 Sep '24 39
  • August '24 Aug '24 30
  • July '24 Jul '24 43
Number of Purchase Loans i
41
(Jun 2025)
+17.1%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 41
  • May '25 May '25 33
  • April '25 Apr '25 34
  • March '25 Mar '25 42
  • February '25 Feb '25 36
  • January '25 Jan '25 30
  • December '24 Dec '24 37
  • November '24 Nov '24 31
  • October '24 Oct '24 45
  • September '24 Sep '24 31
  • August '24 Aug '24 30
  • July '24 Jul '24 33
Number of REFI Loans i
26
(Jun 2025)
+136.4%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 26
  • May '25 May '25 15
  • April '25 Apr '25 26
  • March '25 Mar '25 32
  • February '25 Feb '25 127
  • January '25 Jan '25 17
  • December '24 Dec '24 28
  • November '24 Nov '24 25
  • October '24 Oct '24 29
  • September '24 Sep '24 13
  • August '24 Aug '24 24
  • July '24 Jul '24 20
Number of HELOC Loans i
19
(Jun 2025)
+72.7%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 19
  • May '25 May '25 17
  • April '25 Apr '25 18
  • March '25 Mar '25 22
  • February '25 Feb '25 10
  • January '25 Jan '25 32
  • December '24 Dec '24 11
  • November '24 Nov '24 19
  • October '24 Oct '24 18
  • September '24 Sep '24 29
  • August '24 Aug '24 20
  • July '24 Jul '24 24

Phoenix, AZ 85048 Real Estate Market Overview

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Phoenix, AZ 85048 Foreclosure Activity

There were a total of 1 Phoenix, AZ 85048 properties with a foreclosure filing in June 2025.

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