ZIP 85004 Housing Market Report
Phoenix Metro
Report period: July 2026
85004 Monthly Market Update – July 2026
ZIP 85004 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$498,500
+1.8%
Median DOM (Sales)
90
+2.3%
New Listings (Sales)
1
−93.3%
Median Rent
$1,599
−0.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
540
−7.2%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (32 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($5,700,000 median)
Sales Market Overview
Median Price
$498,500
+1.8%
Median DOM
90
+2.3%
New Listings
1
−93.3%
Inventory
72
−2.7%
- Average Price: $656,550
- Median Price: $498,500
- Price Range: $169,000 – $5,700,000
- Price per Sq Ft (Avg/Median): $366 / $343
- Square Footage (Avg/Median): 1,702 / 1,456
- Square Footage Range: 683 – 8,225
- Days on Market (Avg/Median): 108 / 90
- Days on Market Range: 6 – 316
- New Listings: 1
- Total Listings: 72
Sales by Property Type
Condo
Avg/Median Price$459,395 / $439,000Range$259,900 – $999,000Price per Sq Ft$324 / $311Sq Ft1,436 / 1,426DOM114 / 112New0Total39
Land
Avg/Median Price$371,333 / $425,000Range$169,000 – $520,000Price per Sq Ft—Sq Ft—DOM59 / 32New1Total3
Single Family
Avg/Median Price$1,555,378 / $875,000Range$199,000 – $5,700,000Price per Sq Ft$491 / $485Sq Ft2,802 / 1,641DOM89 / 73New0Total10
Townhouse
Avg/Median Price$634,370 / $739,900Range$319,500 – $1,100,000Price per Sq Ft$384 / $386Sq Ft1,671 / 1,881DOM113 / 105New0Total20
Sales by Bedroom Count
1 Beds
Avg:$425,287Median:$375,000Range:$259,900 – $1,100,000PSF:$367 / $339Sq Ft:1,171 / 1,149DOM:80 / 42New:0Total:15
2 Beds
Avg:$501,279Median:$498,500Range:$199,000 – $999,000PSF:$348 / $343Sq Ft:1,438 / 1,426DOM:112 / 112New:0Total:38
3 Beds
Avg:$837,898Median:$744,000Range:$339,875 – $2,495,000PSF:$345 / $315Sq Ft:2,312 / 2,150DOM:141 / 136New:0Total:12
4 Beds
Avg:$1,658,300Median:$1,749,900Range:$1,025,000 – $2,200,000PSF:$555 / $595Sq Ft:3,085 / 3,699DOM:57 / 41New:0Total:3
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 | $425,287 | $375,000 | $259,900 – $1,100,000 | $367 / $339 | 1,171 / 1,149 | 80 / 42 | 0 | 15 |
| 2 Beds | $501,279 | $498,500 | $199,000 – $999,000 | $348 / $343 | 1,438 / 1,426 | 112 / 112 | 0 | 38 |
| 3 Beds | $837,898 | $744,000 | $339,875 – $2,495,000 | $345 / $315 | 2,312 / 2,150 | 141 / 136 | 0 | 12 |
| 4 Beds | $1,658,300 | $1,749,900 | $1,025,000 – $2,200,000 | $555 / $595 | 3,085 / 3,699 | 57 / 41 | 0 | 3 |
| 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
$1,599
−0.1%
Median DOM
1
0.0%
New Listings
74
Inventory
540
−7.2%
- Average Rent: $1,769
- Median Rent: $1,599
- Rent Range: $695 – $5,206
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 775 / 725
- Square Footage Range: 250 – 2,220
- Days on Market (Avg/Median): 20 / 1
- Days on Market Range: 1 – 351
- New Listings: 74
- Total Listings: 540
Rentals by Property Type
Apartment
$1,581
Median DOM: 1
Inventory: 520
MoM: −0.1%
Condo
$1,295
Median DOM: 1
Inventory: 2
MoM: −0.1%
Single Family
$1,689
Median DOM: 87
Inventory: 5
MoM: −0.1%
Townhouse
$2,250
Median DOM: 86
Inventory: 13
MoM: −0.1%
Apartment
Avg/Median Rent$1,749 / $1,581Range$695 – $5,206Rent per Sq Ft$2 / $2Sq Ft756 / 703DOM18 / 1New72Total520
Condo
Avg/Median Rent$2,042 / $1,295Range$1,295 – $2,790Rent per Sq Ft$2 / $2Sq Ft1,122 / 845DOM46 / 1New0Total2
Single Family
Avg/Median Rent$2,162 / $1,689Range$875 – $4,995Rent per Sq Ft$2 / $2Sq Ft1,053 / 1,112DOM116 / 87New0Total5
Townhouse
Avg/Median Rent$2,377 / $2,250Range$1,700 – $3,300Rent per Sq Ft$2 / $2Sq Ft1,365 / 1,288DOM83 / 86New2Total13
Rentals by Bedroom Count
Studio
Avg:$1,280Median:$1,250Range:$695 – $3,077PSF:$3 / $3Sq Ft:474 / 477DOM:18 / 1New:24Total:153
1 Beds
Avg:$1,684Median:$1,588Range:$875 – $5,206PSF:$2 / $2Sq Ft:726 / 735DOM:20 / 1New:25Total:219
2 Beds
Avg:$2,313Median:$2,199Range:$900 – $4,995PSF:$2 / $2Sq Ft:1,103 / 1,088DOM:20 / 1New:25Total:161
3 Beds
Avg:$2,645Median:$2,995Range:$985 – $4,260PSF:$2 / $2Sq Ft:1,443 / 1,571DOM:93 / 44New:0Total:7
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,280 | $1,250 | $695 – $3,077 | $3 / $3 | 474 / 477 | 18 / 1 | 24 | 153 |
| 1 Beds | $1,684 | $1,588 | $875 – $5,206 | $2 / $2 | 726 / 735 | 20 / 1 | 25 | 219 |
| 2 Beds | $2,313 | $2,199 | $900 – $4,995 | $2 / $2 | 1,103 / 1,088 | 20 / 1 | 25 | 161 |
| 3 Beds | $2,645 | $2,995 | $985 – $4,260 | $2 / $2 | 1,443 / 1,571 | 93 / 44 | 0 | 7 |
6-Month Sales Trend
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:$470,000Median DOM:88New:11Total:75
Jun 2026
Median Price:$489,900Median DOM:88New:15Total:74
Jul 2026
Median Price:$498,500Median DOM:90New:1Total:72
6-Month Rental Trend
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:$1,606Median DOM:1New:335Total:621
Jun 2026
Median Rent:$1,600Median DOM:1New:276Total:582
Jul 2026
Median Rent:$1,599Median DOM:1New:74Total:540
Key Market Takeaways
Median sale prices moved higher 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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