Your Localized Market Report

Phoenix, AZ 85042

Single-Family Homes

Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com



Phoenix, AZ 85042

Sat Jul 05 2025
This week the median list price for Phoenix, AZ 85042 is $498,412 with the market action index hovering around 36. This is an increase over last month's market action index of 34. Inventory has held steady at or around 117. Click here to stay informed with the Phoenix market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Phoenix, AZ 85042

Sat Jul 05 2025
This week the median list price for Phoenix, AZ 85042 is $498,412 with the market action index hovering around 36. This is an increase over last month's market action index of 34. Inventory has held steady at or around 117. Click here to stay informed with the Phoenix market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $498,412
Median Price of New Listings $439,900
Per Square Foot $265
Average Days on Market 77
Median Days on Market 56
Price Decreased 56%
Price Increased 2%
Relisted 6%
Inventory 117
Median Rent
Market Action 36
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$974,950 3,333 0.25 - 0.5 acre 4 3.5 8 0 3 56
$550,000 2,203 6,500 - 8,000 sqft 3 2.5 18 0 2 70
$470,000 1,866 6,500 - 8,000 sqft 3 2 25 5 1 56
$389,000 1,402 4,500 - 6,500 sqft 3 2 26 4 2 42