85016 — Maricopa County, Arizona Market Snapshot
Housing market data for zip code 85016 in Maricopa County, Arizona. Updated monthly with median prices, days on market, and more.
Market Sales Data
119 sales in 2026 (year to date)
Median Sale Price
$799,000
Days to Sell
60
Homes Sold
119
Inventory
89
Sale-to-List
95.7%
New Listings
100
Price/SqFt
$416
Pending Sales
111
Conforming Loan Available
The median home in 85016 at $799,000 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Market Insights
Market Temperature
With homes sitting for 60 days on average, 85016 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 85016 sells for 4.3% below asking price (95.7% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
The median home in 85016 at $799,000 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Loan limits in 85016 are set at the county level.
2026 Loan Limits — Maricopa County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $557,750 |
| 2 Units | $1,066,250 | $714,000 |
| 3 Units | $1,288,800 | $863,100 |
| 4 Units | $1,601,750 | $1,072,600 |
Affordability Snapshot — Zip 85016
To purchase the median home at $799,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $6,272.
Monthly Payment
$6,272
Income Required
$268,786
Principal & Interest
$4,923/mo
Down Payment (5%)
$39,950
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 85016.
Estimated Monthly Payment
$5,095
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