Your Localized Market Report

Phoenix, AZ 85029

Single-Family Homes

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



Phoenix, AZ 85029

Wed Jul 02 2025
This week the median list price for Phoenix, AZ 85029 is $419,000 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has held steady at or around 85. 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.

Strong Seller's Market

Market Narrative

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Phoenix, AZ 85029

Wed Jul 02 2025
This week the median list price for Phoenix, AZ 85029 is $419,000 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has held steady at or around 85. 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.

Strong Seller's Market

Market Narrative

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $419,000
Median Price of New Listings $425,000
Per Square Foot $257
Average Days on Market 91
Median Days on Market 56
Price Decreased 55%
Price Increased 4%
Relisted 5%
Inventory 85
Median Rent
Market Action 45
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices 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
$525,000 1,901 8,000 - 10,000 sqft 4 2 54 3 1 35
$429,900 1,786 8,000 - 10,000 sqft 3 2 54 3 1 70
$399,000 1,678 6,500 - 8,000 sqft 3 2 55 0 3 63
$359,900 1,336 6,500 - 8,000 sqft 3 2 63 4 2 56