Your Localized Market Report

Phoenix, AZ 85029

Single-Family Homes

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Phoenix, AZ 85029

Fri Jan 21 2022
This week the median list price for Phoenix, AZ 85029 is $414,156 with the market action index hovering around 77. This is an increase over last month's market action index of 72. Inventory has decreased to 26. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Phoenix, AZ 85029

Fri Jan 21 2022
This week the median list price for Phoenix, AZ 85029 is $414,156 with the market action index hovering around 77. This is an increase over last month's market action index of 72. Inventory has decreased to 26. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $414,156
Median Price of New Listings $369,950
Per Square Foot $235
Average Days on Market 23
Median Days on Market 18
Price Decreased 42%
Price Increased 4%
Relisted 8%
Inventory 26
Median Rent $2,022
Market Action 77
Strong Seller's Market

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$484,000 2,267 8,000 - 10,000 sqft 4 2 50 0 2 42
$427,000 1,914 8,000 - 10,000 sqft 4 2 47 0 1 28
$409,900 1,658 8,000 - 10,000 sqft 3 2 52 3 4 7
$360,972 1,423 6,500 - 8,000 sqft 3 2 52 5 6 0