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Market Intelligence · AZ / Phoenix

Phoenix, AZ 85042 Housing Market

The typical home value in Phoenix 85042 is $382,222, down 1.3% over the past year as of September 2026. Sellers are listing at a median list price of $463,248, and homes are taking a median of 66 days on market to sell.

Updated September 2026Median value$382K

The median home value in Phoenix, AZ 85042 is $382K as of September 2026, down 1.3% 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 85042 range

$352K to $413K

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

-1.3% over 12 months

Typical home value in 85042 over the last 12 months: $387K in Sep 2025 to $382K in Sep 2026 (-1.3%).

Sep 2025$387K

Sep 2026$382K

The numbers

What is the 85042 housing market like?

Typical home value

$382K

Down1.3%YoY

Median list price

$463K

Down1.4%MoM

Days on market

66

Flat0.0%MoM

Homes for sale

122

Up7.0%MoM

Price cuts

28.8%

Down5.8%MoM

New listings

38

Up5.6%MoM

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

The outlook

85042 housing market forecast 2027

-1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85042 to fall 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 85042 fell 1.3%, per the Zillow Home Value Index.

Will home prices drop in 85042?

Zillow's forecast says they may: it expects typical home values in 85042 to fall 1.6% by September 2027, after a 1.3% 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 85042 home prices compare?

  • 85042$382,222
  • 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 122 homes for sale in 85042, with 38 new listings adding to that supply. The median list price sits at $463,248, which is well above the typical home value of $382,222, and that value has slipped 1.3% over the past year. Homes are spending a median of 66 days on market, and 28.8% of listings have taken a price cut. Taken together, buyers have room to negotiate. For a seller, pricing realistically from the start matters more in this market than aiming high.

Monthly payment

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20% · $76,444

Common questions

What people ask us.

How much is a home in 85042 worth?

The typical home value in 85042 is $382,222 as of September 2026, down 1.3% over the past year. The median list price is $463,248.

How long does it take to sell a home in 85042?

Homes in 85042 are spending a median of 66 days on market as of September 2026.

Is the 85042 market competitive for sellers?

There are 122 homes for sale with 38 new listings as of September 2026, and 28.8% of listings have had a price cut. That suggests sellers face meaningful competition.

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