Market Intelligence · AZ / Phoenix

Phoenix, AZ 85042 Housing Market

The typical home in Phoenix 85042 is valued at $386,461, down 2.4% over the past year. The median list price sits at $470,000, with homes spending 66 days on market as of August 2026.

Updated August 2026Median value$384K

The median home value in Phoenix, AZ 85042 is $384K as of August 2026, down 1.8% 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 85042 range

$353K to $415K

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

-1.8% over 12 months

Typical home value in 85042 over the last 12 months: $391K in Aug 2025 to $384K in Aug 2026 (-1.8%).

Aug 2025$391K

Aug 2026$384K

The numbers

What is the 85042 housing market like?

Typical home value

$384K

Down1.8%YoY

Median list price

$470K

Up2.4%MoM

Days on market

66

Up3.1%MoM

Homes for sale

114

Down1.7%MoM

Price cuts

30.6%

Down5.3%MoM

New listings

36

Down5.3%MoM

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

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The comparison

How do 85042 home prices compare?

  • 85042$383,800
  • 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

Currently 114 homes are for sale in 85042, with 36 new listings added recently. The median list price of $470,000 reflects a gap above the typical home value. Homes are staying on market for a median of 66 days, suggesting moderate buyer interest. Additionally, 30.6% of listings have seen a price cut. For sellers, this combination of price reductions and extended market time signals a buyer-favoring environment.

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20% · $76,760

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