ZIP 85007 Housing Market Report
Phoenix Metro
Report period: May 2026
85007 Monthly Market Update – May 2026
ZIP 85007 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$550,000
−3.5%
Median DOM (Sales)
35
+6.1%
New Listings (Sales)
5
−73.7%
Median Rent
$1,249
+2.0%
Median DOM (Rental)
35
−10.3%
Total Rental Listings
110
+3.8%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (17 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 4 Beds ($725,000 median)
Sales Market Overview
Median Price
$550,000
−3.5%
Median DOM
35
+6.1%
New Listings
5
−73.7%
Inventory
107
−3.6%
- Average Price: $636,837
- Median Price: $550,000
- Price Range: $29,500 – $2,750,000
- Price per Sq Ft (Avg/Median): $375 / $373
- Square Footage (Avg/Median): 1,831 / 1,633
- Square Footage Range: 462 – 4,425
- Days on Market (Avg/Median): 83 / 35
- Days on Market Range: 2 – 329
- New Listings: 5
- Total Listings: 107
Sales by Property Type
Condo
Avg/Median Price$391,300 / $391,300Range$391,300 – $391,300Price per Sq Ft$201 / $201Sq Ft1,946 / 1,946DOM17 / 17New0Total1
Land
Avg/Median Price$299,200 / $199,900Range$29,500 – $880,000Price per Sq Ft—Sq Ft—DOM112 / 92New0Total17
Multi-Family
Avg/Median Price$610,994 / $619,000Range$375,000 – $875,000Price per Sq Ft$344 / $374Sq Ft1,912 / 1,685DOM83 / 33New2Total16
Single Family
Avg/Median Price$738,754 / $620,000Range$150,000 – $2,750,000Price per Sq Ft$381 / $387Sq Ft1,850 / 1,633DOM78 / 34New3Total69
Townhouse
Avg/Median Price$478,500 / $495,000Range$295,000 – $599,000Price per Sq Ft$356 / $337Sq Ft1,368 / 1,476DOM68 / 33New0Total4
Sales by Bedroom Count
Studio
Avg:$297,000Median:$297,000Range:$297,000 – $297,000PSF:$221 / $221Sq Ft:1,344 / 1,344DOM:135 / 135New:0Total:1
1 Beds
Avg:$343,150Median:$295,000Range:$295,000 – $391,300PSF:$299 / $201Sq Ft:1,344 / 742DOM:21 / 17New:0Total:2
2 Beds
Avg:$427,660Median:$435,000Range:$160,000 – $799,000PSF:$364 / $335Sq Ft:1,125 / 1,040DOM:49 / 33New:1Total:15
3 Beds
Avg:$649,672Median:$599,000Range:$150,000 – $1,815,000PSF:$368 / $355Sq Ft:1,733 / 1,636DOM:67 / 33New:2Total:29
4 Beds
Avg:$947,069Median:$725,000Range:$299,000 – $2,750,000PSF:$408 / $417Sq Ft:2,267 / 1,924DOM:95 / 34New:1Total:26
5 Beds
Avg:$774,531Median:$694,900Range:$359,000 – $2,250,000PSF:$384 / $374Sq Ft:2,339 / 2,200DOM:80 / 69New:1Total:13
6 Beds
Avg:$529,900Median:$399,900Range:$399,900 – $659,900PSF:$351 / $351Sq Ft:1,138 / 1,138DOM:141 / 23New:0Total:2
7 Beds
Avg:$489,000Median:$489,000Range:$489,000 – $489,000PSF:—Sq Ft:—DOM:141 / 141New:0Total:1
8 Beds
Avg:$575,000Median:$575,000Range:$575,000 – $575,000PSF:$214 / $214Sq Ft:2,688 / 2,688DOM:243 / 243New: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 | 135 / 135 | 0 | 1 |
| 1 Beds | $343,150 | $295,000 | $295,000 – $391,300 | $299 / $201 | 1,344 / 742 | 21 / 17 | 0 | 2 |
| 2 Beds | $427,660 | $435,000 | $160,000 – $799,000 | $364 / $335 | 1,125 / 1,040 | 49 / 33 | 1 | 15 |
| 3 Beds | $649,672 | $599,000 | $150,000 – $1,815,000 | $368 / $355 | 1,733 / 1,636 | 67 / 33 | 2 | 29 |
| 4 Beds | $947,069 | $725,000 | $299,000 – $2,750,000 | $408 / $417 | 2,267 / 1,924 | 95 / 34 | 1 | 26 |
| 5 Beds | $774,531 | $694,900 | $359,000 – $2,250,000 | $384 / $374 | 2,339 / 2,200 | 80 / 69 | 1 | 13 |
| 6 Beds | $529,900 | $399,900 | $399,900 – $659,900 | $351 / $351 | 1,138 / 1,138 | 141 / 23 | 0 | 2 |
| 7 Beds | $489,000 | $489,000 | $489,000 – $489,000 | — | — | 141 / 141 | 0 | 1 |
| 8 Beds | $575,000 | $575,000 | $575,000 – $575,000 | $214 / $214 | 2,688 / 2,688 | 243 / 243 | 0 | 1 |
Rental Market Overview
Median Rent
$1,249
+2.0%
Median DOM
35
−10.3%
New Listings
16
Inventory
110
+3.8%
- Average Rent: $1,429
- Median Rent: $1,249
- Rent Range: $589 – $7,795
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 827 / 600
- Square Footage Range: 288 – 4,500
- Days on Market (Avg/Median): 56 / 35
- Days on Market Range: 1 – 300
- New Listings: 16
- Total Listings: 110
Rentals by Property Type
Apartment
$1,108
Median DOM: 48
Inventory: 61
MoM: +2.0%
Condo
$1,250
Median DOM: 1
Inventory: 2
MoM: +2.0%
Single Family
$1,250
Median DOM: 1
Inventory: 30
MoM: +2.0%
Townhouse
$1,895
Median DOM: 92
Inventory: 16
MoM: +2.0%
Apartment
Avg/Median Rent$1,149 / $1,108Range$589 – $2,450Rent per Sq Ft$2 / $2Sq Ft626 / 600DOM64 / 48New6Total61
Condo
Avg/Median Rent$1,272 / $1,250Range$1,250 – $1,295Rent per Sq Ft$2 / $2Sq Ft562 / 500DOM38 / 1New1Total2
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$1,696 / $1,250Range$799 – $7,795Rent per Sq Ft$2 / $2Sq Ft1,069 / 625DOM22 / 1New9Total30
Townhouse
Avg/Median Rent$1,997 / $1,895Range$1,000 – $2,775Rent per Sq Ft$2 / $2Sq Ft1,150 / 600DOM97 / 92New0Total16
Rentals by Bedroom Count
Studio
Avg:$1,076Median:$995Range:$589 – $2,750PSF:$2 / $2Sq Ft:780 / 450DOM:34 / 1New:3Total:15
1 Beds
Avg:$1,056Median:$1,000Range:$699 – $1,750PSF:$2 / $2Sq Ft:525 / 525DOM:55 / 15New:10Total:41
2 Beds
Avg:$1,532Median:$1,400Range:$895 – $3,495PSF:$2 / $2Sq Ft:763 / 689DOM:70 / 56New:2Total:40
3 Beds
Avg:$2,089Median:$1,950Range:$1,400 – $2,775PSF:$1 / $1Sq Ft:1,751 / 1,400DOM:35 / 41New:1Total:9
4 Beds
Avg:$3,766Median:$2,450Range:$1,820 – $7,795PSF:$2 / $2Sq Ft:2,150 / 1,440DOM:48 / 25New:0Total:4
5 Beds
Avg:$2,595Median:$2,595Range:$2,595 – $2,595PSF:$1 / $1Sq Ft:2,100 / 2,100DOM:49 / 49New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,076 | $995 | $589 – $2,750 | $2 / $2 | 780 / 450 | 34 / 1 | 3 | 15 |
| 1 Beds | $1,056 | $1,000 | $699 – $1,750 | $2 / $2 | 525 / 525 | 55 / 15 | 10 | 41 |
| 2 Beds | $1,532 | $1,400 | $895 – $3,495 | $2 / $2 | 763 / 689 | 70 / 56 | 2 | 40 |
| 3 Beds | $2,089 | $1,950 | $1,400 – $2,775 | $1 / $1 | 1,751 / 1,400 | 35 / 41 | 1 | 9 |
| 4 Beds | $3,766 | $2,450 | $1,820 – $7,795 | $2 / $2 | 2,150 / 1,440 | 48 / 25 | 0 | 4 |
| 5 Beds | $2,595 | $2,595 | $2,595 – $2,595 | $1 / $1 | 2,100 / 2,100 | 49 / 49 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$570,000Median DOM:83New:13Total:92
Jan 2026
Median Price:$575,000Median DOM:53New:20Total:102
Feb 2026
Median Price:$589,000Median DOM:31New:26Total:106
Mar 2026
Median Price:$574,900Median DOM:33New:28Total:120
Apr 2026
Median Price:$570,000Median DOM:33New:19Total:111
May 2026
Median Price:$550,000Median DOM:35New:5Total:107
6-Month Rental Trend
Dec 2025
Median Rent:$1,350Median DOM:58New:16Total:84
Jan 2026
Median Rent:$1,300Median DOM:67New:12Total:82
Feb 2026
Median Rent:$1,275Median DOM:59New:23Total:90
Mar 2026
Median Rent:$1,200Median DOM:23New:39Total:114
Apr 2026
Median Rent:$1,225Median DOM:39New:30Total:106
May 2026
Median Rent:$1,249Median DOM:35New:16Total:110
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, while total rental inventory increased.
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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