ZIP 85007 Housing Market Report
Phoenix Metro
Report period: August 2026
85007 Monthly Market Update – August 2026
ZIP 85007 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$524,000
−1.1%
Median DOM (Sales)
87
+3.6%
New Listings (Sales)
2
−86.7%
Median Rent
$1,195
0.0%
Median DOM (Rental)
53
+29.3%
Total Rental Listings
93
−15.5%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (42 DOM)
- Fastest renting: Single Family (14 DOM)
- Strongest bedroom: 4 Beds ($799,900 median)
Sales Market Overview
Median Price
$524,000
−1.1%
Median DOM
87
+3.6%
New Listings
2
−86.7%
Inventory
87
−1.1%
- Average Price: $620,627
- Median Price: $524,000
- Price Range: $99,995 – $2,500,000
- Price per Sq Ft (Avg/Median): $370 / $365
- Square Footage (Avg/Median): 1,794 / 1,649
- Square Footage Range: 709 – 4,425
- Days on Market (Avg/Median): 105 / 87
- Days on Market Range: 5 – 355
- New Listings: 2
- Total Listings: 87
Sales by Property Type
Land
Avg/Median Price$312,991 / $249,000Range$99,995 – $850,000Price per Sq Ft—Sq Ft—DOM181 / 181New0Total12
Multi-Family
Avg/Median Price$515,107 / $519,999Range$274,900 – $850,000Price per Sq Ft$356 / $382Sq Ft1,693 / 1,685DOM98 / 42New0Total14
Single Family
Avg/Median Price$720,399 / $550,000Range$136,000 – $2,500,000Price per Sq Ft$374 / $365Sq Ft1,825 / 1,649DOM92 / 84New2Total58
Townhouse
Avg/Median Price$414,666 / $429,000Range$289,999 – $525,000Price per Sq Ft$312 / $324Sq Ft1,435 / 1,618DOM79 / 79New0Total3
Sales by Bedroom Count
Studio
Avg:$297,000Median:$297,000Range:$297,000 – $297,000PSF:$221 / $221Sq Ft:1,344 / 1,344DOM:226 / 226New:0Total:1
1 Beds
Avg:$346,333Median:$320,000Range:$289,999 – $429,000PSF:$352 / $391Sq Ft:1,136 / 742DOM:77 / 79New:0Total:3
2 Beds
Avg:$362,100Median:$333,000Range:$160,000 – $549,000PSF:$356 / $340Sq Ft:1,006 / 910DOM:69 / 42New:0Total:10
3 Beds
Avg:$615,260Median:$550,000Range:$136,000 – $1,785,000PSF:$348 / $349Sq Ft:1,703 / 1,633DOM:82 / 84New:1Total:25
4 Beds
Avg:$904,656Median:$799,900Range:$305,000 – $2,500,000PSF:$433 / $431Sq Ft:2,107 / 1,932DOM:93 / 73New:0Total:24
5 Beds
Avg:$795,450Median:$524,900Range:$375,000 – $2,175,000PSF:$391 / $386Sq Ft:2,377 / 2,200DOM:135 / 159New:1Total:8
6 Beds
Avg:$416,600Median:$325,000Range:$274,900 – $649,900PSF:$128 / $120Sq Ft:2,334 / 2,286DOM:150 / 68New:0Total:3
8 Beds
Avg:$575,000Median:$575,000Range:$575,000 – $575,000PSF:$214 / $214Sq Ft:2,688 / 2,688DOM:42 / 42New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $297,000 | $297,000 | $297,000 – $297,000 | $221 / $221 | 1,344 / 1,344 | 226 / 226 | 0 | 1 |
| 1 Beds | $346,333 | $320,000 | $289,999 – $429,000 | $352 / $391 | 1,136 / 742 | 77 / 79 | 0 | 3 |
| 2 Beds | $362,100 | $333,000 | $160,000 – $549,000 | $356 / $340 | 1,006 / 910 | 69 / 42 | 0 | 10 |
| 3 Beds | $615,260 | $550,000 | $136,000 – $1,785,000 | $348 / $349 | 1,703 / 1,633 | 82 / 84 | 1 | 25 |
| 4 Beds | $904,656 | $799,900 | $305,000 – $2,500,000 | $433 / $431 | 2,107 / 1,932 | 93 / 73 | 0 | 24 |
| 5 Beds | $795,450 | $524,900 | $375,000 – $2,175,000 | $391 / $386 | 2,377 / 2,200 | 135 / 159 | 1 | 8 |
| 6 Beds | $416,600 | $325,000 | $274,900 – $649,900 | $128 / $120 | 2,334 / 2,286 | 150 / 68 | 0 | 3 |
| 8 Beds | $575,000 | $575,000 | $575,000 – $575,000 | $214 / $214 | 2,688 / 2,688 | 42 / 42 | 0 | 1 |
Rental Market Overview
Median Rent
$1,195
0.0%
Median DOM
53
+29.3%
New Listings
3
Inventory
93
−15.5%
- Average Rent: $1,565
- Median Rent: $1,195
- Rent Range: $649 – $6,895
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,002 / 650
- Square Footage Range: 288 – 4,290
- Days on Market (Avg/Median): 71 / 53
- Days on Market Range: 1 – 277
- New Listings: 3
- Total Listings: 93
Rentals by Property Type
Apartment
$1,083
Median DOM: 57
Inventory: 56
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,200
Median DOM: 14
Inventory: 23
MoM: 0.0%
Townhouse
$1,500
Median DOM: 80
Inventory: 13
MoM: 0.0%
Apartment
Avg/Median Rent$1,090 / $1,083Range$649 – $2,450Rent per Sq Ft$2 / $2Sq Ft807 / 600DOM77 / 57New1Total56
Multi-Family
Avg/Median Rent$1,650 / $1,650Range$1,650 – $1,650Rent per Sq Ft$2 / $2Sq Ft815 / 815DOM—New0Total1
Single Family
Avg/Median Rent$2,572 / $2,200Range$995 – $6,895Rent per Sq Ft$2 / $2Sq Ft1,605 / 1,375DOM35 / 14New2Total23
Townhouse
Avg/Median Rent$1,820 / $1,500Range$1,000 – $3,600Rent per Sq Ft$3 / $2Sq Ft759 / 590DOM113 / 80New0Total13
Rentals by Bedroom Count
Studio
Avg:$912Median:$825Range:$649 – $1,550PSF:$2 / $2Sq Ft:398 / 400DOM:64 / 53New:0Total:8
1 Beds
Avg:$1,062Median:$1,000Range:$699 – $1,500PSF:$2 / $2Sq Ft:698 / 500DOM:84 / 55New:2Total:36
2 Beds
Avg:$1,440Median:$1,300Range:$895 – $2,800PSF:$2 / $2Sq Ft:911 / 750DOM:81 / 63New:0Total:29
3 Beds
Avg:$2,490Median:$2,200Range:$1,495 – $3,900PSF:$2 / $2Sq Ft:1,551 / 1,553DOM:35 / 19New:1Total:13
4 Beds
Avg:$4,248Median:$3,500Range:$2,450 – $6,895PSF:$2 / $2Sq Ft:2,570 / 2,016DOM:49 / 19New:0Total:5
5 Beds
Avg:$2,310Median:$720Range:$720 – $3,900PSF:$1 / $0Sq Ft:2,514 / 2,327DOM:29 / 11New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $912 | $825 | $649 – $1,550 | $2 / $2 | 398 / 400 | 64 / 53 | 0 | 8 |
| 1 Beds | $1,062 | $1,000 | $699 – $1,500 | $2 / $2 | 698 / 500 | 84 / 55 | 2 | 36 |
| 2 Beds | $1,440 | $1,300 | $895 – $2,800 | $2 / $2 | 911 / 750 | 81 / 63 | 0 | 29 |
| 3 Beds | $2,490 | $2,200 | $1,495 – $3,900 | $2 / $2 | 1,551 / 1,553 | 35 / 19 | 1 | 13 |
| 4 Beds | $4,248 | $3,500 | $2,450 – $6,895 | $2 / $2 | 2,570 / 2,016 | 49 / 19 | 0 | 5 |
| 5 Beds | $2,310 | $720 | $720 – $3,900 | $1 / $0 | 2,514 / 2,327 | 29 / 11 | 0 | 2 |
6-Month Sales Trend
Mar 2026
Median Price:$574,900Median DOM:33New:28Total:120
Apr 2026
Median Price:$570,000Median DOM:33New:19Total:111
May 2026
Median Price:$549,000Median DOM:70New:11Total:100
Jun 2026
Median Price:$539,999Median DOM:84New:15Total:95
Jul 2026
Median Price:$529,995Median DOM:84New:15Total:88
Aug 2026
Median Price:$524,000Median DOM:87New:2Total:87
6-Month Rental Trend
Mar 2026
Median Rent:$1,200Median DOM:23New:39Total:114
Apr 2026
Median Rent:$1,225Median DOM:39New:30Total:106
May 2026
Median Rent:$1,250Median DOM:31New:38Total:108
Jun 2026
Median Rent:$1,195Median DOM:24New:34Total:114
Jul 2026
Median Rent:$1,195Median DOM:41New:27Total:110
Aug 2026
Median Rent:$1,195Median DOM:53New:3Total:93
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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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