Market Intelligence · AZ / Phoenix

Phoenix, AZ 85029 Housing Market

The typical home value in Phoenix, AZ 85029 is $352,468, down 1.0% over the past year as of September 2026. The median list price is $381,225, and homes spend a median of 61 days on market.

Updated September 2026Median value$352K

The median home value in Phoenix, AZ 85029 is $352K as of September 2026, down 1.0% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 85029 range

$324K to $381K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-1.0% over 12 months

Typical home value in 85029 over the last 12 months: $356K in Sep 2025 to $352K in Sep 2026 (-1.0%).

Sep 2025$356K

Sep 2026$352K

The numbers

What is the 85029 housing market like?

Typical home value

$352K

Down1.0%YoY

Median list price

$381K

Down2.5%MoM

Days on market

61

Up5.2%MoM

Homes for sale

95

Up8.0%MoM

Price cuts

35.6%

Up58.3%MoM

New listings

40

Up25.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

85029 housing market forecast 2027

-1.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85029 to fall 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in 85029 fell 1.0%, per the Zillow Home Value Index.

Will home prices drop in 85029?

Zillow's forecast says they may: it expects typical home values in 85029 to fall 1.8% by September 2027, after a 1.0% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 85029 home prices compare?

  • 85029$352,468
  • Phoenix$408,720
  • Arizona$385,442
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 95 homes for sale in 85029, with 40 new listings adding to the supply. The median days on market is 61, which means homes are taking some time to sell. Price cuts are common: 35.6% of listings have reduced their asking price. The typical home value of $352,468 sits below the median list price of $381,225, suggesting sellers are starting above where homes are actually valued. For a seller, pricing accurately from the start matters in this market, since buyers are pushing back and many listings end up cutting their price anyway.

Monthly payment

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20% · $70,494

Common questions

What people ask us.

How much is a home in 85029 worth?

The typical home value in 85029 is $352,468 as of September 2026, down 1.0% over the past year. The median list price is $381,225.

How long does it take to sell a home in 85029?

Homes in 85029 spend a median of 61 days on market as of September 2026. There are 95 homes for sale, with 40 new listings.

Are sellers cutting prices in 85029?

Yes. As of September 2026, 35.6% of listings in 85029 have had a price cut.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.