85120 — Maricopa County, Arizona Market Snapshot
Housing market data for zip code 85120 in Maricopa County, Arizona. Updated monthly with median prices, days on market, and more.
Market Sales Data
151 sales in 2026 (year to date)
Median Sale Price
$405,289
Days to Sell
52
Homes Sold
151
Inventory
144
Sale-to-List
98.6%
New Listings
201
Price/SqFt
$256
Pending Sales
166
Conforming Loan Available
Most homebuyers in 85120 can comfortably use conventional financing. The median home price of $405,289 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
85120's market is balanced with homes taking an average of 52 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 85120 (98.6% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 85120 can comfortably use conventional financing. The median home price of $405,289 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 85120 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 85120
To purchase the median home at $405,289 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,255.
Monthly Payment
$3,255
Income Required
$139,508
Principal & Interest
$2,497/mo
Down Payment (5%)
$20,264
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 85120.
Estimated Monthly Payment
$2,658
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