ZIP 85003 Housing Market Report
Phoenix Metro
Report period: August 2026
85003 Monthly Market Update – August 2026
ZIP 85003 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$699,000
0.0%
Median DOM (Sales)
81
+3.8%
New Listings (Sales)
5
−44.4%
Median Rent
$1,783
+4.9%
Median DOM (Rental)
1
0.0%
Total Rental Listings
184
−7.5%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (42 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($1,519,000 median)
Sales Market Overview
Median Price
$699,000
0.0%
Median DOM
81
+3.8%
New Listings
5
−44.4%
Inventory
88
+4.8%
- Average Price: $736,825
- Median Price: $699,000
- Price Range: $150,000 – $2,600,000
- Price per Sq Ft (Avg/Median): $435 / $423
- Square Footage (Avg/Median): 1,760 / 1,428
- Square Footage Range: 720 – 6,185
- Days on Market (Avg/Median): 90 / 81
- Days on Market Range: 4 – 358
- New Listings: 5
- Total Listings: 88
Sales by Property Type
Condo
Avg/Median Price$546,067 / $425,000Range$189,981 – $1,598,000Price per Sq Ft$410 / $349Sq Ft1,321 / 1,243DOM105 / 88New2Total40
Land
Avg/Median Price$180,000 / $165,000Range$150,000 – $215,000Price per Sq Ft—Sq Ft—DOM35 / 42New0Total4
Multi-Family
Avg/Median Price$642,450 / $585,000Range$585,000 – $699,900Price per Sq Ft$555 / $555Sq Ft1,262 / 1,262DOM144 / 119New0Total2
Single Family
Avg/Median Price$910,118 / $837,000Range$315,000 – $1,750,000Price per Sq Ft$475 / $450Sq Ft1,954 / 1,901DOM79 / 76New2Total33
Townhouse
Avg/Median Price$1,217,678 / $809,000Range$289,700 – $2,600,000Price per Sq Ft$387 / $402Sq Ft3,058 / 2,428DOM86 / 81New1Total9
Sales by Bedroom Count
1 Beds
Avg:$358,568Median:$295,000Range:$189,981 – $899,000PSF:$390 / $349Sq Ft:895 / 845DOM:87 / 88New:1Total:13
2 Beds
Avg:$681,356Median:$649,000Range:$325,000 – $2,350,000PSF:$434 / $446Sq Ft:1,568 / 1,373DOM:99 / 86New:3Total:36
3 Beds
Avg:$820,927Median:$799,000Range:$425,000 – $1,300,000PSF:$471 / $450Sq Ft:1,830 / 1,901DOM:92 / 93New:1Total:22
4 Beds
Avg:$1,249,111Median:$1,300,000Range:$315,000 – $2,600,000PSF:$424 / $420Sq Ft:2,881 / 2,415DOM:68 / 43New:0Total:9
5 Beds
Avg:$1,559,333Median:$1,519,000Range:$1,174,000 – $1,985,000PSF:$472 / $504Sq Ft:3,463 / 2,873DOM:114 / 141New:0Total:3
7 Beds
Avg:$950,000Median:$950,000Range:$950,000 – $950,000PSF:$291 / $291Sq Ft:3,267 / 3,267DOM:147 / 147New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $358,568 | $295,000 | $189,981 – $899,000 | $390 / $349 | 895 / 845 | 87 / 88 | 1 | 13 |
| 2 Beds | $681,356 | $649,000 | $325,000 – $2,350,000 | $434 / $446 | 1,568 / 1,373 | 99 / 86 | 3 | 36 |
| 3 Beds | $820,927 | $799,000 | $425,000 – $1,300,000 | $471 / $450 | 1,830 / 1,901 | 92 / 93 | 1 | 22 |
| 4 Beds | $1,249,111 | $1,300,000 | $315,000 – $2,600,000 | $424 / $420 | 2,881 / 2,415 | 68 / 43 | 0 | 9 |
| 5 Beds | $1,559,333 | $1,519,000 | $1,174,000 – $1,985,000 | $472 / $504 | 3,463 / 2,873 | 114 / 141 | 0 | 3 |
| 7 Beds | $950,000 | $950,000 | $950,000 – $950,000 | $291 / $291 | 3,267 / 3,267 | 147 / 147 | 0 | 1 |
Rental Market Overview
Median Rent
$1,783
+4.9%
Median DOM
1
0.0%
New Listings
61
Inventory
184
−7.5%
- Average Rent: $1,959
- Median Rent: $1,783
- Rent Range: $695 – $7,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 928 / 796
- Square Footage Range: 259 – 7,586
- Days on Market (Avg/Median): 34 / 1
- Days on Market Range: 1 – 363
- New Listings: 61
- Total Listings: 184
Rentals by Property Type
Apartment
$1,775
Median DOM: 1
Inventory: 164
MoM: +4.9%
Condo
$1,200
Median DOM: 63
Inventory: 2
MoM: +4.9%
Single Family
$1,825
Median DOM: 36
Inventory: 12
MoM: +4.9%
Townhouse
$1,695
Median DOM: 17
Inventory: 5
MoM: +4.9%
Apartment
Avg/Median Rent$1,936 / $1,775Range$695 – $5,858Rent per Sq Ft$2 / $2Sq Ft900 / 779DOM30 / 1New59Total164
Condo
Avg/Median Rent$1,600 / $1,200Range$1,200 – $2,000Rent per Sq Ft$2 / $2Sq Ft716 / 600DOM126 / 63New0Total2
Multi-Family
Avg/Median Rent$1,500 / $1,500Range$1,500 – $1,500Rent per Sq Ft$2 / $2Sq Ft950 / 950DOM—New0Total1
Single Family
Avg/Median Rent$2,445 / $1,825Range$1,450 – $7,500Rent per Sq Ft$2 / $2Sq Ft1,294 / 1,100DOM65 / 36New2Total12
Townhouse
Avg/Median Rent$1,792 / $1,695Range$1,350 – $2,265Rent per Sq Ft$2 / $2Sq Ft1,060 / 1,000DOM48 / 17New0Total5
Rentals by Bedroom Count
Studio
Avg:$1,495Median:$1,626Range:$695 – $2,001PSF:$3 / $3Sq Ft:762 / 628DOM:46 / 1New:16Total:37
1 Beds
Avg:$1,790Median:$1,654Range:$799 – $3,995PSF:$2 / $2Sq Ft:850 / 754DOM:23 / 1New:32Total:95
2 Beds
Avg:$2,547Median:$2,475Range:$1,450 – $5,858PSF:$2 / $2Sq Ft:1,149 / 1,174DOM:35 / 1New:12Total:45
3 Beds
Avg:$2,416Median:$2,199Range:$1,700 – $3,499PSF:$2 / $1Sq Ft:1,441 / 1,375DOM:62 / 48New:0Total:4
4 Beds
Avg:$3,609Median:$2,350Range:$976 – $7,500PSF:$2 / $2Sq Ft:1,463 / 1,300DOM:199 / 292New:1Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,495 | $1,626 | $695 – $2,001 | $3 / $3 | 762 / 628 | 46 / 1 | 16 | 37 |
| 1 Beds | $1,790 | $1,654 | $799 – $3,995 | $2 / $2 | 850 / 754 | 23 / 1 | 32 | 95 |
| 2 Beds | $2,547 | $2,475 | $1,450 – $5,858 | $2 / $2 | 1,149 / 1,174 | 35 / 1 | 12 | 45 |
| 3 Beds | $2,416 | $2,199 | $1,700 – $3,499 | $2 / $1 | 1,441 / 1,375 | 62 / 48 | 0 | 4 |
| 4 Beds | $3,609 | $2,350 | $976 – $7,500 | $2 / $2 | 1,463 / 1,300 | 199 / 292 | 1 | 3 |
6-Month Sales Trend
Mar 2026
Median Price:$778,888Median DOM:31New:17Total:105
Apr 2026
Median Price:$764,900Median DOM:34New:10Total:95
May 2026
Median Price:$749,900Median DOM:88New:12Total:87
Jun 2026
Median Price:$739,900Median DOM:87New:16Total:91
Jul 2026
Median Price:$699,000Median DOM:78New:9Total:84
Aug 2026
Median Price:$699,000Median DOM:81New:5Total:88
6-Month Rental Trend
Mar 2026
Median Rent:$1,820Median DOM:1New:86Total:167
Apr 2026
Median Rent:$1,728Median DOM:1New:97Total:197
May 2026
Median Rent:$1,725Median DOM:1New:130Total:235
Jun 2026
Median Rent:$1,725Median DOM:1New:102Total:238
Jul 2026
Median Rent:$1,700Median DOM:1New:59Total:199
Aug 2026
Median Rent:$1,783Median DOM:1New:61Total:184
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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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