ZIP 85004 Housing Market Report
Phoenix Metro
Report period: May 2026
85004 Monthly Market Update – May 2026
ZIP 85004 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$499,999
0.0%
Median DOM (Sales)
87
−1.1%
New Listings (Sales)
3
−72.7%
Median Rent
$1,592
+0.5%
Median DOM (Rental)
1
0.0%
Total Rental Listings
610
−1.5%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (30 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($5,700,000 median)
Sales Market Overview
Median Price
$499,999
0.0%
Median DOM
87
−1.1%
New Listings
3
−72.7%
Inventory
77
+2.7%
- Average Price: $609,239
- Median Price: $499,999
- Price Range: $169,000 – $5,700,000
- Price per Sq Ft (Avg/Median): $359 / $334
- Square Footage (Avg/Median): 1,612 / 1,428
- Square Footage Range: 485 – 8,225
- Days on Market (Avg/Median): 113 / 87
- Days on Market Range: 3 – 365
- New Listings: 3
- Total Listings: 77
Sales by Property Type
Condo
Avg/Median Price$455,160 / $425,000Range$224,900 – $999,000Price per Sq Ft$343 / $314Sq Ft1,369 / 1,400DOM112 / 87New1Total46
Land
Avg/Median Price$624,667 / $210,000Range$169,000 – $1,495,000Price per Sq Ft—Sq Ft—DOM247 / 313New0Total3
Single Family
Avg/Median Price$1,565,097 / $799,999Range$240,000 – $5,700,000Price per Sq Ft$453 / $460Sq Ft2,961 / 1,428DOM59 / 30New1Total8
Townhouse
Avg/Median Price$578,963 / $565,000Range$219,500 – $900,000Price per Sq Ft$360 / $352Sq Ft1,630 / 1,718DOM117 / 88New1Total20
Sales by Bedroom Count
1 Beds
Avg:$337,811Median:$335,000Range:$219,500 – $529,000PSF:$377 / $339Sq Ft:952 / 900DOM:102 / 79New:0Total:18
2 Beds
Avg:$516,160Median:$525,000Range:$260,000 – $999,000PSF:$353 / $357Sq Ft:1,472 / 1,456DOM:116 / 99New:2Total:39
3 Beds
Avg:$755,111Median:$725,000Range:$240,000 – $2,495,000PSF:$326 / $302Sq Ft:2,170 / 2,150DOM:87 / 79New:1Total:15
4 Beds
Avg:$1,799,900Median:$1,799,900Range:$1,799,900 – $1,799,900PSF:$460 / $460Sq Ft:3,915 / 3,915DOM:81 / 81New:0Total:1
6 Beds
Avg:$5,700,000Median:$5,700,000Range:$5,700,000 – $5,700,000PSF:$693 / $693Sq Ft:8,225 / 8,225DOM:198 / 198New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $337,811 | $335,000 | $219,500 – $529,000 | $377 / $339 | 952 / 900 | 102 / 79 | 0 | 18 |
| 2 Beds | $516,160 | $525,000 | $260,000 – $999,000 | $353 / $357 | 1,472 / 1,456 | 116 / 99 | 2 | 39 |
| 3 Beds | $755,111 | $725,000 | $240,000 – $2,495,000 | $326 / $302 | 2,170 / 2,150 | 87 / 79 | 1 | 15 |
| 4 Beds | $1,799,900 | $1,799,900 | $1,799,900 – $1,799,900 | $460 / $460 | 3,915 / 3,915 | 81 / 81 | 0 | 1 |
| 6 Beds | $5,700,000 | $5,700,000 | $5,700,000 – $5,700,000 | $693 / $693 | 8,225 / 8,225 | 198 / 198 | 0 | 1 |
Rental Market Overview
Median Rent
$1,592
+0.5%
Median DOM
1
0.0%
New Listings
169
Inventory
610
−1.5%
- Average Rent: $1,741
- Median Rent: $1,592
- Rent Range: $712 – $5,166
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 802 / 753
- Square Footage Range: 250 – 2,873
- Days on Market (Avg/Median): 18 / 1
- Days on Market Range: 1 – 331
- New Listings: 169
- Total Listings: 610
Rentals by Property Type
Apartment
$1,580
Median DOM: 1
Inventory: 579
MoM: +0.5%
Condo
$2,300
Median DOM: 1
Inventory: 7
MoM: +0.5%
Single Family
$1,700
Median DOM: 33
Inventory: 10
MoM: +0.5%
Townhouse
$2,150
Median DOM: 46
Inventory: 14
MoM: +0.5%
Apartment
Avg/Median Rent$1,711 / $1,580Range$712 – $5,166Rent per Sq Ft$2 / $2Sq Ft777 / 742DOM16 / 1New167Total579
Condo
Avg/Median Rent$2,239 / $2,300Range$1,600 – $2,790Rent per Sq Ft$2 / $2Sq Ft1,408 / 1,400DOM24 / 1New0Total7
Single Family
Avg/Median Rent$2,345 / $1,700Range$875 – $4,995Rent per Sq Ft$2 / $2Sq Ft1,211 / 935DOM63 / 33New2Total10
Townhouse
Avg/Median Rent$2,283 / $2,150Range$1,050 – $3,995Rent per Sq Ft$2 / $2Sq Ft1,267 / 1,238DOM68 / 46New0Total14
Rentals by Bedroom Count
Studio
Avg:$1,293Median:$1,279Range:$712 – $4,245PSF:$3 / $3Sq Ft:490 / 500DOM:18 / 1New:42Total:160
1 Beds
Avg:$1,604Median:$1,552Range:$875 – $5,166PSF:$2 / $2Sq Ft:728 / 735DOM:17 / 1New:64Total:244
2 Beds
Avg:$2,212Median:$2,097Range:$1,195 – $4,995PSF:$2 / $2Sq Ft:1,109 / 1,055DOM:17 / 1New:62Total:197
3 Beds
Avg:$2,856Median:$2,995Range:$1,170 – $4,260PSF:$2 / $2Sq Ft:1,415 / 1,551DOM:62 / 32New:1Total:8
4 Beds
Avg:$4,950Median:$4,950Range:$4,950 – $4,950PSF:$2 / $2Sq Ft:2,873 / 2,873DOM:10 / 10New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,293 | $1,279 | $712 – $4,245 | $3 / $3 | 490 / 500 | 18 / 1 | 42 | 160 |
| 1 Beds | $1,604 | $1,552 | $875 – $5,166 | $2 / $2 | 728 / 735 | 17 / 1 | 64 | 244 |
| 2 Beds | $2,212 | $2,097 | $1,195 – $4,995 | $2 / $2 | 1,109 / 1,055 | 17 / 1 | 62 | 197 |
| 3 Beds | $2,856 | $2,995 | $1,170 – $4,260 | $2 / $2 | 1,415 / 1,551 | 62 / 32 | 1 | 8 |
| 4 Beds | $4,950 | $4,950 | $4,950 – $4,950 | $2 / $2 | 2,873 / 2,873 | 10 / 10 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$484,900Median DOM:106New:8Total:67
Jan 2026
Median Price:$450,000Median DOM:108New:10Total:66
Feb 2026
Median Price:$504,900Median DOM:90New:13Total:74
Mar 2026
Median Price:$494,999Median DOM:87New:13Total:81
Apr 2026
Median Price:$499,999Median DOM:88New:11Total:75
May 2026
Median Price:$499,999Median DOM:87New:3Total:77
6-Month Rental Trend
Dec 2025
Median Rent:$1,600Median DOM:46New:40Total:126
Jan 2026
Median Rent:$1,690Median DOM:16New:66Total:170
Feb 2026
Median Rent:$1,638Median DOM:1New:302Total:430
Mar 2026
Median Rent:$1,589Median DOM:1New:375Total:573
Apr 2026
Median Rent:$1,584Median DOM:1New:376Total:619
May 2026
Median Rent:$1,592Median DOM:1New:169Total:610
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving 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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