ZIP 85003 Housing Market Report
Phoenix Metro
Report period: May 2026
85003 Monthly Market Update – May 2026
ZIP 85003 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$764,900
0.0%
Median DOM (Sales)
75
+120.6%
New Listings (Sales)
3
−70.0%
Median Rent
$1,697
−1.8%
Median DOM (Rental)
1
0.0%
Total Rental Listings
192
−2.5%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (15 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($1,550,000 median)
Sales Market Overview
Median Price
$764,900
0.0%
Median DOM
75
+120.6%
New Listings
3
−70.0%
Inventory
93
−2.1%
- Average Price: $851,979
- Median Price: $764,900
- Price Range: $198,500 – $4,400,000
- Price per Sq Ft (Avg/Median): $435 / $425
- Square Footage (Avg/Median): 1,989 / 1,714
- Square Footage Range: 720 – 10,510
- Days on Market (Avg/Median): 87 / 75
- Days on Market Range: 3 – 361
- New Listings: 3
- Total Listings: 93
Sales by Property Type
Condo
Avg/Median Price$606,726 / $440,900Range$199,000 – $1,693,000Price per Sq Ft$429 / $379Sq Ft1,386 / 1,277DOM126 / 114New0Total41
Land
Avg/Median Price$451,000 / $198,500Range$198,500 – $703,500Price per Sq Ft—Sq Ft—DOM15 / 15New0Total2
Multi-Family
Avg/Median Price$729,933 / $714,900Range$585,000 – $889,900Price per Sq Ft$566 / $566Sq Ft1,262 / 1,262DOM41 / 31New0Total3
Single Family
Avg/Median Price$975,647 / $925,000Range$205,000 – $1,700,000Price per Sq Ft$445 / $446Sq Ft2,261 / 2,059DOM56 / 31New2Total38
Townhouse
Avg/Median Price$1,576,878 / $799,000Range$399,999 – $4,400,000Price per Sq Ft$410 / $448Sq Ft3,673 / 2,428DOM86 / 72New1Total9
Sales by Bedroom Count
1 Beds
Avg:$373,283Median:$317,500Range:$199,000 – $899,000PSF:$400 / $366Sq Ft:911 / 837DOM:105 / 101New:1Total:12
2 Beds
Avg:$671,140Median:$629,000Range:$205,000 – $2,350,000PSF:$419 / $396Sq Ft:1,600 / 1,428DOM:118 / 93New:0Total:32
3 Beds
Avg:$1,020,912Median:$799,999Range:$260,000 – $4,400,000PSF:$468 / $460Sq Ft:2,253 / 1,906DOM:67 / 35New:2Total:30
4 Beds
Avg:$1,423,843Median:$1,175,000Range:$774,900 – $3,250,000PSF:$487 / $456Sq Ft:2,886 / 2,412DOM:70 / 81New:0Total:7
5 Beds
Avg:$1,440,667Median:$1,550,000Range:$1,000,000 – $1,700,000PSF:$492 / $504Sq Ft:2,930 / 2,873DOM:76 / 81New:0Total:6
6 Beds
Avg:$794,450Median:$699,000Range:$699,000 – $889,900PSF:$198 / $198Sq Ft:3,524 / 3,524DOM:20 / 16New:0Total:2
7 Beds
Avg:$774,500Median:$599,000Range:$599,000 – $950,000PSF:$205 / $120Sq Ft:4,137 / 3,267DOM:30 / 27New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $373,283 | $317,500 | $199,000 – $899,000 | $400 / $366 | 911 / 837 | 105 / 101 | 1 | 12 |
| 2 Beds | $671,140 | $629,000 | $205,000 – $2,350,000 | $419 / $396 | 1,600 / 1,428 | 118 / 93 | 0 | 32 |
| 3 Beds | $1,020,912 | $799,999 | $260,000 – $4,400,000 | $468 / $460 | 2,253 / 1,906 | 67 / 35 | 2 | 30 |
| 4 Beds | $1,423,843 | $1,175,000 | $774,900 – $3,250,000 | $487 / $456 | 2,886 / 2,412 | 70 / 81 | 0 | 7 |
| 5 Beds | $1,440,667 | $1,550,000 | $1,000,000 – $1,700,000 | $492 / $504 | 2,930 / 2,873 | 76 / 81 | 0 | 6 |
| 6 Beds | $794,450 | $699,000 | $699,000 – $889,900 | $198 / $198 | 3,524 / 3,524 | 20 / 16 | 0 | 2 |
| 7 Beds | $774,500 | $599,000 | $599,000 – $950,000 | $205 / $120 | 4,137 / 3,267 | 30 / 27 | 0 | 2 |
Rental Market Overview
Median Rent
$1,697
−1.8%
Median DOM
1
0.0%
New Listings
50
Inventory
192
−2.5%
- Average Rent: $2,106
- Median Rent: $1,697
- Rent Range: $595 – $7,650
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 963 / 806
- Square Footage Range: 300 – 3,661
- Days on Market (Avg/Median): 36 / 1
- Days on Market Range: 1 – 357
- New Listings: 50
- Total Listings: 192
Rentals by Property Type
Apartment
$1,657
Median DOM: 1
Inventory: 162
MoM: −1.8%
Condo
$2,000
Median DOM: 1
Inventory: 2
MoM: −1.8%
Single Family
$2,500
Median DOM: 10
Inventory: 23
MoM: −1.8%
Townhouse
$2,400
Median DOM: 13
Inventory: 5
MoM: −1.8%
Apartment
Avg/Median Rent$1,934 / $1,657Range$595 – $6,710Rent per Sq Ft$2 / $2Sq Ft871 / 779DOM33 / 1New43Total162
Condo
Avg/Median Rent$2,200 / $2,000Range$2,000 – $2,400Rent per Sq Ft$2 / $2Sq Ft1,148 / 833DOM99 / 1New0Total2
Single Family
Avg/Median Rent$3,255 / $2,500Range$885 – $7,650Rent per Sq Ft$2 / $2Sq Ft1,440 / 1,329DOM56 / 10New5Total23
Townhouse
Avg/Median Rent$2,337 / $2,400Range$1,500 – $2,990Rent per Sq Ft$2 / $2Sq Ft1,574 / 1,585DOM34 / 13New2Total5
Rentals by Bedroom Count
Studio
Avg:$1,154Median:$1,095Range:$595 – $1,822PSF:$2 / $2Sq Ft:525 / 500DOM:40 / 5New:7Total:49
1 Beds
Avg:$1,858Median:$1,697Range:$799 – $3,995PSF:$2 / $2Sq Ft:847 / 824DOM:24 / 1New:28Total:82
2 Beds
Avg:$2,653Median:$2,500Range:$949 – $6,348PSF:$2 / $2Sq Ft:1,242 / 1,125DOM:37 / 1New:14Total:44
3 Beds
Avg:$5,348Median:$6,311Range:$1,850 – $7,650PSF:$3 / $2Sq Ft:2,158 / 1,675DOM:100 / 67New:1Total:8
4 Beds
Avg:$3,406Median:$2,350Range:$961 – $7,500PSF:$2 / $2Sq Ft:1,564 / 1,300DOM:77 / 8New:0Total:6
5 Beds
Avg:$5,133Median:$6,000Range:$2,900 – $6,500PSF:$2 / $2Sq Ft:2,805 / 2,786DOM:52 / 52New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,154 | $1,095 | $595 – $1,822 | $2 / $2 | 525 / 500 | 40 / 5 | 7 | 49 |
| 1 Beds | $1,858 | $1,697 | $799 – $3,995 | $2 / $2 | 847 / 824 | 24 / 1 | 28 | 82 |
| 2 Beds | $2,653 | $2,500 | $949 – $6,348 | $2 / $2 | 1,242 / 1,125 | 37 / 1 | 14 | 44 |
| 3 Beds | $5,348 | $6,311 | $1,850 – $7,650 | $3 / $2 | 2,158 / 1,675 | 100 / 67 | 1 | 8 |
| 4 Beds | $3,406 | $2,350 | $961 – $7,500 | $2 / $2 | 1,564 / 1,300 | 77 / 8 | 0 | 6 |
| 5 Beds | $5,133 | $6,000 | $2,900 – $6,500 | $2 / $2 | 2,805 / 2,786 | 52 / 52 | 0 | 3 |
6-Month Sales Trend
Dec 2025
Median Price:$725,000Median DOM:55New:13Total:79
Jan 2026
Median Price:$769,000Median DOM:44New:22Total:81
Feb 2026
Median Price:$750,000Median DOM:29New:30Total:96
Mar 2026
Median Price:$778,888Median DOM:31New:17Total:105
Apr 2026
Median Price:$764,900Median DOM:34New:10Total:95
May 2026
Median Price:$764,900Median DOM:75New:3Total:93
6-Month Rental Trend
Dec 2025
Median Rent:$1,695Median DOM:57New:15Total:90
Jan 2026
Median Rent:$1,945Median DOM:60New:17Total:85
Feb 2026
Median Rent:$1,831Median DOM:9New:58Total:124
Mar 2026
Median Rent:$1,820Median DOM:1New:86Total:167
Apr 2026
Median Rent:$1,728Median DOM:1New:97Total:197
May 2026
Median Rent:$1,697Median DOM:1New:50Total:192
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, while total rental inventory tightened.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
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