Navi Title Agency

Phoenix, AZ 85029

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85029

Sat Apr 13 2024
This week the median list price for Phoenix, AZ 85029 is $419,900 with the market action index hovering around 50. This is an increase over last month's market action index of 47. Inventory has increased to 57. 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

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.

Phoenix, AZ 85029

Sat Apr 13 2024
This week the median list price for Phoenix, AZ 85029 is $419,900 with the market action index hovering around 50. This is an increase over last month's market action index of 47. Inventory has increased to 57. 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

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

Never miss important changes in the Phoenix market.
Median List Price $419,900
Median Price of New Listings $407,450
Per Square Foot $263
Average Days on Market 69
Median Days on Market 28
Price Decreased 53%
Price Increased 5%
Relisted 7%
Inventory 57
Median Rent
Market Action 50
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
$587,000 2,098 0.25 - 0.5 acre 4 3 53 3 2 42
$444,499 1,639 6,500 - 8,000 sqft 4 2 53 0 7 42
$398,000 1,631 6,500 - 8,000 sqft 3 2 55 3 2 28
$355,000 1,368 6,500 - 8,000 sqft 3 2 58 2 2 21