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Published February 17, 2026

North Phoenix Real Estate Market Update: 85022 & 85023 Home Buyers Take Note

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Written by Scott Wesley Bryant

Scott Bryant Top Listing Agent in Moon Valley
If you’re searching for homes in 85022 or 85023, here’s a real-world example of how quickly desirable properties are moving in North Phoenix.

516 E Piping Rock Rd, Phoenix, AZ 85022 went under contract in just 4 days at $510,000 and we represented the buyer.

For serious home buyers in 85022 and 85023, this is exactly the kind of opportunity that requires preparation and speed.


Property Overview – 516 E Piping Rock Rd, Phoenix AZ 85022

Located in the established Moon Valley neighborhood of Hillcrest 8, this single-level North Phoenix home offered:
  • 2 Bedrooms + Office
  • 2 Bathrooms
  • 1,340 Sq Ft
  • 10,802 Sq Ft Lot (Nearly ¼ Acre)
  • Built by Del Trailor
  • 2-Car Garage
  • North/South Exposure
  • Heated Community Pool
  • No Interior Steps
Sold Price: $510,000
Price Per Sq Ft: $380.60


Why Homes in 85022 & 85023 Are Selling Fast

North Phoenix — especially the 85022 and 85023 zip codes — continues to attract buyers looking for:
  • Larger lots
  • Established neighborhoods
  • Mountain proximity
  • Single-level homes
  • Strong long-term value
Here’s why this property moved quickly:

1️⃣ Larger Lots in 85022 Are Limited

A 10,800+ sq ft lot in Moon Valley under $550K is not common. Homes with oversized lots in 85022 and 85023 create immediate buyer demand.

2️⃣ Single-Level Floor Plans Are Highly Desired

Many buyers relocating to North Phoenix specifically request:
  • No interior steps
  • Functional layouts
  • Low-maintenance desert landscaping
This home checked every box.

3️⃣ Proximity to Outdoor Lifestyle

Homes near Lookout Mountain and the Thunderbird corridor offer easy access to hiking, parks, and daily conveniences a major draw for buyers targeting 85022 and 85023.

4️⃣ Established Communities With HOA Structure

Neighborhoods like Hillcrest provide predictable maintenance standards without excessive HOA costs. That balance matters to today’s buyers.


What This Means for 85022 & 85023 Home Buyers

If you’re actively looking in North Phoenix, understand this:

When pricing aligns with market conditions and the home offers:
  • A larger lot
  • Good exposure
  • Clean condition
  • Solid location
You don’t get weeks to decide.

You get days.


North Phoenix Buying Strategy for 85022 & 85023

If you’re serious about securing a home in these zip codes, here’s the approach that wins:
  • Fully underwritten loan approval (not just pre-qualified)
  • Same-day disclosure review
  • Showings scheduled within 24–48 hours
  • Strong, clean offer structure
  • Strategic terms tailored to seller motivation
That’s how we secured this property for our buyer.


Why 85022 & 85023 Continue to Attract Buyers

North Phoenix remains one of the most stable and desirable pockets in the Valley because of:
  • Established subdivisions
  • Mountain views
  • Access to major corridors
  • Diverse price points
  • Long-term resale strength
Whether you're looking in Moon Valley, Hillcrest, or the Thunderbird & 7th Street corridor, competition is steady when properties are priced correctly.


Thinking About Buying in 85022 or 85023?

Inventory moves fast in North Phoenix when the numbers make sense.

If you want to compete and win in the 85022 or 85023 market, preparation matters more than timing.

The next opportunity won’t wait.

If you're planning a move in North Phoenix, let’s position you before the next 4-day listing hits the market.

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