Home ValuePros

Market Intelligence · AZ / Phoenix

Phoenix, AZ 85029 Housing Market

Homes in Phoenix 85029 are valued at $359,131 on average, down 2.5% over the past year. The median list price is $391,075, with homes staying on the market for a median of 58 days.

Updated August 2026Median value$356K

The median home value in Phoenix, AZ 85029 is $356K as of August 2026, down 1.7% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 85029 range

$328K to $385K

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

-1.7% over 12 months

Typical home value in 85029 over the last 12 months: $362K in Aug 2025 to $356K in Aug 2026 (-1.7%).

Aug 2025$362K

Aug 2026$356K

The numbers

What is the 85029 housing market like?

Typical home value

$356K

Down1.7%YoY

Median list price

$391K

Down1.0%MoM

Days on market

58

Up9.4%MoM

Homes for sale

88

Up6.0%MoM

Price cuts

22.5%

Down26.7%MoM

New listings

32

Down5.9%MoM

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

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The comparison

How do 85029 home prices compare?

  • 85029$356,332
  • Phoenix$411,560
  • Arizona$388,803
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,265 ZIPs).

Context

The 85029 ZIP has 88 homes for sale as of August 2026, with 32 new listings arriving recently. About 22.5% of listings carry a price cut, suggesting sellers are adjusting to market conditions. The gap between typical home value and median list price reflects asking expectations above current valuations. Inventory is moderate and turnover is measured. If you're considering selling, understand that values have softened over the past year and expect a methodical sales process.

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