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North Mountain

PHOENIX, AZ 85029

Real Estate Market Report  ·  Maricopa County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
122
⇩ 3.9% vs 127 last year
Pending
30
25% pending ratio
Median Price
$385,000
⇩ 1.1% vs $389,200 last year
Average Price
$391,870
⇩ 0.2% vs $392,833 last year
Days on Market
72
⇧ 4.3% vs 69 days last year

Market Context

Population: 49,592  ·  Density: 2,046.4/mi²  ·  Median household income: $57,802

Typical home value: $270,151  ·  Homeownership: 55.2%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The PHOENIX, AZ real estate market (85029) currently shows 122 active listings, with 30 pending sales. Homes are averaging 72 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 72 days on market compared to 69 days last year.

The median listing price has fallen 1.1% year-over-year, from $389,200 to $385,000.

Whether you are buying or selling in PHOENIX, AZ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 122 this year vs 127 last year
  • Days on market: 72 now vs 69 last year

Median & Average Pricing

Year over Year
  • Median: $385,000 (-1.1% YoY)
  • Average: $391,870 (-0.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 7.7 miles — 1,556 listings ($916,962,965 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85029Phoenix, AZ 850290.0 mi122$47,808,140$385,000$391,870
85023Phoenix, AZ 850232.6 mi75$35,376,300$425,000$471,684
85051Phoenix, AZ 850512.8 mi99$32,571,099$349,950$329,001
85304Glendale, AZ 853043.9 mi60$28,569,900$437,500$476,165
85306Glendale, AZ 853064.2 mi55$25,589,135$426,499$465,257
85027Phoenix, AZ 850275.7 mi103$34,772,903$302,000$337,601
85028Phoenix, AZ 850285.9 mi80$88,792,400$704,500$1,109,905
85017Phoenix, AZ 850176.0 mi70$16,965,200$259,000$242,360
85308Glendale, AZ 853086.2 mi205$120,941,390$509,900$589,958
85032Phoenix, AZ 850326.5 mi215$99,913,940$411,998$464,716
85014Phoenix, AZ 850146.7 mi154$92,287,580$460,000$599,270
85016Phoenix, AZ 850167.5 mi262$266,279,770$595,000$1,016,335
85303Glendale, AZ 853037.7 mi56$27,095,208$432,000$483,843

Frequently Asked Questions

How many homes are for sale in PHOENIX, AZ 85029?

As of January 2026, there are 122 active listings in PHOENIX, AZ (zip code 85029), compared to 127 the prior year.

What is the median home price in PHOENIX, AZ 85029?

The median listing price in PHOENIX, AZ 85029 is $385,000 as of January 2026, a 1.1% decrease from $389,200 the prior year.

How long do homes stay on the market in PHOENIX, AZ?

Homes in PHOENIX, AZ 85029 spend an average of 72 days on the market before going under contract, compared to 69 days the prior year.

Is it a seller's or buyer's market in PHOENIX, AZ 85029?

Based on current inventory and days-on-market data as of January 2026, PHOENIX, AZ 85029 is currently a Balanced Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 72 days on market compared to 69 days last year.

How much can I save on real estate commission in PHOENIX, AZ?

With SELL123.com's maximum 3% commission, sellers in PHOENIX, AZ 85029 save an estimated $7,700 compared to a typical 5% commission on the median listing price of $385,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.