ZIP 85004 Housing Market Report
Phoenix Metro
Report period: August 2026
85004 Monthly Market Update – August 2026
ZIP 85004 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$492,000
−1.3%
Median DOM (Sales)
104
+6.1%
New Listings (Sales)
2
−60.0%
Median Rent
$1,585
−0.9%
Median DOM (Rental)
1
0.0%
Total Rental Listings
336
−21.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (37 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($5,700,000 median)
Sales Market Overview
Median Price
$492,000
−1.3%
Median DOM
104
+6.1%
New Listings
2
−60.0%
Inventory
68
0.0%
- Average Price: $657,042
- Median Price: $492,000
- Price Range: $169,000 – $5,700,000
- Price per Sq Ft (Avg/Median): $362 / $339
- Square Footage (Avg/Median): 1,736 / 1,463
- Square Footage Range: 683 – 8,225
- Days on Market (Avg/Median): 112 / 104
- Days on Market Range: 4 – 305
- New Listings: 2
- Total Listings: 68
Sales by Property Type
Condo
Avg/Median Price$468,866 / $450,000Range$250,000 – $999,000Price per Sq Ft$325 / $309Sq Ft1,465 / 1,456DOM113 / 111New1Total38
Land
Avg/Median Price$331,000 / $210,000Range$169,000 – $520,000Price per Sq Ft—Sq Ft—DOM64 / 37New1Total4
Single Family
Avg/Median Price$1,614,308 / $875,000Range$199,000 – $5,700,000Price per Sq Ft$476 / $485Sq Ft2,931 / 1,803DOM110 / 88New0Total9
Townhouse
Avg/Median Price$647,600 / $744,000Range$340,500 – $950,000Price per Sq Ft$384 / $386Sq Ft1,709 / 1,881DOM123 / 104New0Total17
Sales by Bedroom Count
1 Beds
Avg:$427,654Median:$375,000Range:$324,999 – $950,000PSF:$371 / $339Sq Ft:1,186 / 1,170DOM:84 / 74New:0Total:13
2 Beds
Avg:$504,906Median:$499,000Range:$199,000 – $999,000PSF:$350 / $336Sq Ft:1,440 / 1,456DOM:111 / 104New:1Total:35
3 Beds
Avg:$805,675Median:$744,000Range:$339,875 – $2,495,000PSF:$338 / $315Sq Ft:2,266 / 2,150DOM:148 / 159New:0Total:13
4 Beds
Avg:$1,974,950Median:$1,749,900Range:$1,749,900 – $2,200,000PSF:$521 / $447Sq Ft:3,807 / 3,699DOM:101 / 81New:0Total:2
6 Beds
Avg:$5,700,000Median:$5,700,000Range:$5,700,000 – $5,700,000PSF:$693 / $693Sq Ft:8,225 / 8,225DOM:253 / 253New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $427,654 | $375,000 | $324,999 – $950,000 | $371 / $339 | 1,186 / 1,170 | 84 / 74 | 0 | 13 |
| 2 Beds | $504,906 | $499,000 | $199,000 – $999,000 | $350 / $336 | 1,440 / 1,456 | 111 / 104 | 1 | 35 |
| 3 Beds | $805,675 | $744,000 | $339,875 – $2,495,000 | $338 / $315 | 2,266 / 2,150 | 148 / 159 | 0 | 13 |
| 4 Beds | $1,974,950 | $1,749,900 | $1,749,900 – $2,200,000 | $521 / $447 | 3,807 / 3,699 | 101 / 81 | 0 | 2 |
| 6 Beds | $5,700,000 | $5,700,000 | $5,700,000 – $5,700,000 | $693 / $693 | 8,225 / 8,225 | 253 / 253 | 0 | 1 |
Rental Market Overview
Median Rent
$1,585
−0.9%
Median DOM
1
0.0%
New Listings
87
Inventory
336
−21.1%
- Average Rent: $1,716
- Median Rent: $1,585
- Rent Range: $812 – $3,774
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 768 / 699
- Square Footage Range: 312 – 2,220
- Days on Market (Avg/Median): 24 / 1
- Days on Market Range: 1 – 360
- New Listings: 87
- Total Listings: 336
Rentals by Property Type
Apartment
$1,549
Median DOM: 1
Inventory: 322
MoM: −0.9%
Condo
$2,500
Median DOM: 360
Inventory: 1
MoM: −0.9%
Single Family
$1,689
Median DOM: 83
Inventory: 2
MoM: −0.9%
Townhouse
$2,195
Median DOM: 58
Inventory: 11
MoM: −0.9%
Apartment
Avg/Median Rent$1,687 / $1,549Range$812 – $3,774Rent per Sq Ft$2 / $2Sq Ft741 / 680DOM21 / 1New86Total322
Condo
Avg/Median Rent$2,500 / $2,500Range$2,500 – $2,500Rent per Sq Ft$2 / $2Sq Ft1,456 / 1,456DOM360 / 360New0Total1
Single Family
Avg/Median Rent$2,020 / $1,689Range$1,689 – $2,350Rent per Sq Ft$2 / $1Sq Ft1,190 / 803DOM85 / 83New0Total2
Townhouse
Avg/Median Rent$2,422 / $2,195Range$1,700 – $3,300Rent per Sq Ft$2 / $2Sq Ft1,419 / 1,288DOM64 / 58New1Total11
Rentals by Bedroom Count
Studio
Avg:$1,312Median:$1,260Range:$812 – $3,077PSF:$3 / $3Sq Ft:479 / 487DOM:21 / 1New:27Total:101
1 Beds
Avg:$1,621Median:$1,575Range:$895 – $3,774PSF:$2 / $2Sq Ft:729 / 713DOM:23 / 1New:36Total:134
2 Beds
Avg:$2,239Median:$2,155Range:$1,195 – $3,750PSF:$2 / $2Sq Ft:1,102 / 1,088DOM:24 / 1New:24Total:97
3 Beds
Avg:$2,397Median:$2,350Range:$985 – $3,259PSF:$2 / $1Sq Ft:1,272 / 1,176DOM:94 / 87New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,312 | $1,260 | $812 – $3,077 | $3 / $3 | 479 / 487 | 21 / 1 | 27 | 101 |
| 1 Beds | $1,621 | $1,575 | $895 – $3,774 | $2 / $2 | 729 / 713 | 23 / 1 | 36 | 134 |
| 2 Beds | $2,239 | $2,155 | $1,195 – $3,750 | $2 / $2 | 1,102 / 1,088 | 24 / 1 | 24 | 97 |
| 3 Beds | $2,397 | $2,350 | $985 – $3,259 | $2 / $1 | 1,272 / 1,176 | 94 / 87 | 0 | 4 |
6-Month Sales Trend
Mar 2026
Median Price:$494,999Median DOM:87New:13Total:81
Apr 2026
Median Price:$499,999Median DOM:88New:11Total:75
May 2026
Median Price:$470,000Median DOM:88New:11Total:75
Jun 2026
Median Price:$489,900Median DOM:88New:15Total:74
Jul 2026
Median Price:$498,500Median DOM:98New:5Total:68
Aug 2026
Median Price:$492,000Median DOM:104New:2Total:68
6-Month Rental Trend
Mar 2026
Median Rent:$1,589Median DOM:1New:375Total:573
Apr 2026
Median Rent:$1,584Median DOM:1New:376Total:619
May 2026
Median Rent:$1,606Median DOM:1New:335Total:621
Jun 2026
Median Rent:$1,600Median DOM:1New:276Total:582
Jul 2026
Median Rent:$1,599Median DOM:1New:139Total:426
Aug 2026
Median Rent:$1,585Median DOM:1New:87Total:336
Key Market Takeaways
Median sale prices softened this month while inventory remained stable. 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.
850038500485006850078500885009850128501385014850158501685017850188502085021850228502385024850278502885029850318503285033850348503585037850408504185042+11 more
← Back to Phoenix Metro