Your Localized Market Report
Phoenix, AZ 85042
Single-Family Homes
Lawyers Title Arizona www.LawyersTitleArizona.com
Phoenix, AZ 85042
Sat May 02 2026
This week the median list price for Phoenix, AZ 85042 is $566,500 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has increased to 94.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $566,500 | |
| Median Price of New Listings | $443,000 | |
| Per Square Foot | $266 | |
| Average Days on Market | 91 | |
| Median Days on Market | 53 | |
| Price Decreased | 49% | |
| Price Increased | 0% | |
| Relisted | 3% | |
| Inventory | 94 | |
| Median Rent | ||
| Market Action | 38 | |
| Slight Seller's Advantage | ||
We continue to see the market at a plateau. This week prices bumped down a bit. Look for a persistent down-shift in the Market Action Index before we see prices significantly deviate 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 |
|---|---|---|---|---|---|---|---|---|
| $1,052,450 | 3,144 | 0.25 - 0.5 acre | 4 | 3.5 | 7 | 0 | 1 | 87 |
| $665,000 | 2,752 | 8,000 - 10,000 sqft | 4 | 3 | 11 | 0 | 4 | 49 |
| $489,950 | 1,919 | 6,500 - 8,000 sqft | 3 | 2 | 25 | 2 | 2 | 49 |
| $399,000 | 1,548 | 4,500 - 6,500 sqft | 3 | 2 | 37 | 2 | 5 | 35 |