Your Localized Market Report
Phoenix, AZ 85029
Single-Family Homes
Lawyers Title Arizona www.LawyersTitleArizona.com
Phoenix, AZ 85029
Sun May 10 2026
This week the median list price for Phoenix, AZ 85029 is $394,450 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has increased to 84.
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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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
| Median List Price | $394,450 | |
| Median Price of New Listings | $419,750 | |
| Per Square Foot | $257 | |
| Average Days on Market | 89 | |
| Median Days on Market | 42 | |
| Price Decreased | 43% | |
| Price Increased | 0% | |
| Relisted | 1% | |
| Inventory | 84 | |
| Median Rent | ||
| Market Action | 47 | |
| Strong Seller's Market | ||
We continue to see prices in this zip code bounce around these current levels. Look for a persistent down-shift in the Market Action Index before we see prices dip. A persistent increase in Market Action could indicate prices will test their previous high points.
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 |
|---|---|---|---|---|---|---|---|---|
| $515,000 | 1,871 | 8,000 - 10,000 sqft | 4 | 2 | 55 | 2 | 0 | 56 |
| $419,995 | 1,716 | 6,500 - 8,000 sqft | 3 | 2 | 54 | 4 | 2 | 49 |
| $380,500 | 1,468 | 6,500 - 8,000 sqft | 3 | 2 | 55 | 1 | 3 | 28 |
| $347,000 | 1,250 | 4,500 - 6,500 sqft | 3 | 2 | 52 | 1 | 3 | 42 |