ZIP 85008 Housing Market Report
Phoenix Metro
Report period: August 2026
85008 Monthly Market Update – August 2026
ZIP 85008 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$419,900
+5.2%
Median DOM (Sales)
43
−41.9%
New Listings (Sales)
14
−62.2%
Median Rent
$1,399
−0.1%
Median DOM (Rental)
4
+300.0%
Total Rental Listings
504
−3.8%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (7 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($929,900 median)
Sales Market Overview
Median Price
$419,900
+5.2%
Median DOM
43
−41.9%
New Listings
14
−62.2%
Inventory
190
+5.6%
- Average Price: $492,487
- Median Price: $419,900
- Price Range: $65,000 – $2,200,000
- Price per Sq Ft (Avg/Median): $308 / $293
- Square Footage (Avg/Median): 1,520 / 1,399
- Square Footage Range: 552 – 4,176
- Days on Market (Avg/Median): 80 / 43
- Days on Market Range: 2 – 365
- New Listings: 14
- Total Listings: 190
Sales by Property Type
Condo
Avg/Median Price$219,469 / $230,000Range$149,500 – $312,000Price per Sq Ft$273 / $271Sq Ft809 / 810DOM108 / 101New2Total33
Land
Avg/Median Price$328,133 / $319,900Range$247,500 – $484,000Price per Sq Ft—Sq Ft—DOM69 / 7New2Total6
Manufactured
Avg/Median Price$65,000 / $65,000Range$65,000 – $65,000Price per Sq Ft$54 / $54Sq Ft1,200 / 1,200DOM44 / 44New0Total1
Multi-Family
Avg/Median Price$736,441 / $719,000Range$389,900 – $1,399,000Price per Sq Ft$293 / $278Sq Ft2,448 / 2,113DOM91 / 87New0Total17
Single Family
Avg/Median Price$631,113 / $529,000Range$225,000 – $2,200,000Price per Sq Ft$344 / $325Sq Ft1,815 / 1,729DOM70 / 43New7Total93
Townhouse
Avg/Median Price$327,080 / $330,000Range$170,000 – $599,500Price per Sq Ft$261 / $255Sq Ft1,243 / 1,078DOM79 / 74New3Total40
Sales by Bedroom Count
1 Beds
Avg:$182,727Median:$179,000Range:$149,500 – $250,000PSF:$283 / $278Sq Ft:647 / 643DOM:82 / 35New:1Total:15
2 Beds
Avg:$271,974Median:$262,000Range:$159,999 – $499,000PSF:$282 / $264Sq Ft:969 / 961DOM:91 / 84New:4Total:54
3 Beds
Avg:$498,144Median:$450,000Range:$225,000 – $960,000PSF:$317 / $311Sq Ft:1,576 / 1,551DOM:71 / 43New:2Total:56
4 Beds
Avg:$762,138Median:$699,999Range:$65,000 – $2,200,000PSF:$341 / $325Sq Ft:2,173 / 2,049DOM:84 / 43New:4Total:39
5 Beds
Avg:$916,333Median:$825,000Range:$550,000 – $1,695,000PSF:$397 / $352Sq Ft:2,242 / 1,937DOM:36 / 10New:1Total:6
6 Beds
Avg:$651,843Median:$650,000Range:$374,000 – $895,000PSF:$245 / $222Sq Ft:2,409 / 2,340DOM:80 / 16New:0Total:7
7 Beds
Avg:$899,000Median:$599,000Range:$599,000 – $1,199,000PSF:$268 / $250Sq Ft:3,288 / 2,400DOM:101 / 84New:0Total:2
8 Beds
Avg:$939,580Median:$929,900Range:$575,000 – $1,399,000PSF:$256 / $255Sq Ft:3,506 / 3,144DOM:78 / 101New:0Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $182,727 | $179,000 | $149,500 – $250,000 | $283 / $278 | 647 / 643 | 82 / 35 | 1 | 15 |
| 2 Beds | $271,974 | $262,000 | $159,999 – $499,000 | $282 / $264 | 969 / 961 | 91 / 84 | 4 | 54 |
| 3 Beds | $498,144 | $450,000 | $225,000 – $960,000 | $317 / $311 | 1,576 / 1,551 | 71 / 43 | 2 | 56 |
| 4 Beds | $762,138 | $699,999 | $65,000 – $2,200,000 | $341 / $325 | 2,173 / 2,049 | 84 / 43 | 4 | 39 |
| 5 Beds | $916,333 | $825,000 | $550,000 – $1,695,000 | $397 / $352 | 2,242 / 1,937 | 36 / 10 | 1 | 6 |
| 6 Beds | $651,843 | $650,000 | $374,000 – $895,000 | $245 / $222 | 2,409 / 2,340 | 80 / 16 | 0 | 7 |
| 7 Beds | $899,000 | $599,000 | $599,000 – $1,199,000 | $268 / $250 | 3,288 / 2,400 | 101 / 84 | 0 | 2 |
| 8 Beds | $939,580 | $929,900 | $575,000 – $1,399,000 | $256 / $255 | 3,506 / 3,144 | 78 / 101 | 0 | 5 |
Rental Market Overview
Median Rent
$1,399
−0.1%
Median DOM
4
+300.0%
New Listings
97
Inventory
504
−3.8%
- Average Rent: $1,573
- Median Rent: $1,399
- Rent Range: $673 – $7,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 968 / 838
- Square Footage Range: 265 – 10,532
- Days on Market (Avg/Median): 45 / 4
- Days on Market Range: 1 – 362
- New Listings: 97
- Total Listings: 504
Rentals by Property Type
Apartment
$1,325
Median DOM: 1
Inventory: 370
MoM: −0.1%
Condo
$1,200
Median DOM: 63
Inventory: 16
MoM: −0.1%
Single Family
$2,295
Median DOM: 46
Inventory: 56
MoM: −0.1%
Townhouse
$1,995
Median DOM: 27
Inventory: 58
MoM: −0.1%
Apartment
Avg/Median Rent$1,391 / $1,325Range$673 – $6,028Rent per Sq Ft$2 / $2Sq Ft831 / 794DOM40 / 1New87Total370
Condo
Avg/Median Rent$1,325 / $1,200Range$950 – $1,995Rent per Sq Ft$2 / $2Sq Ft849 / 880DOM79 / 63New1Total16
Multi-Family
Avg/Median Rent$1,134 / $1,195Range$750 – $1,395Rent per Sq Ft$2 / $1Sq Ft764 / 805DOM90 / 85New0Total4
Single Family
Avg/Median Rent$2,552 / $2,295Range$750 – $7,500Rent per Sq Ft$2 / $2Sq Ft1,569 / 1,636DOM74 / 46New3Total56
Townhouse
Avg/Median Rent$1,886 / $1,995Range$899 – $3,500Rent per Sq Ft$2 / $2Sq Ft1,300 / 1,050DOM40 / 27New6Total58
Rentals by Bedroom Count
Studio
Avg:$908Median:$895Range:$673 – $1,469PSF:$2 / $2Sq Ft:643 / 476DOM:49 / 1New:3Total:34
1 Beds
Avg:$1,272Median:$1,258Range:$700 – $2,500PSF:$2 / $2Sq Ft:719 / 700DOM:46 / 1New:50Total:191
2 Beds
Avg:$1,550Median:$1,495Range:$750 – $3,000PSF:$2 / $2Sq Ft:1,028 / 968DOM:38 / 4New:39Total:199
3 Beds
Avg:$2,417Median:$2,225Range:$1,395 – $6,995PSF:$2 / $2Sq Ft:1,432 / 1,422DOM:58 / 32New:5Total:64
4 Beds
Avg:$3,116Median:$2,995Range:$750 – $5,000PSF:$2 / $2Sq Ft:1,889 / 1,800DOM:58 / 44New:0Total:13
5 Beds
Avg:$5,098Median:$4,800Range:$2,995 – $7,500PSF:$2 / $2Sq Ft:2,620 / 2,342DOM:43 / 41New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $908 | $895 | $673 – $1,469 | $2 / $2 | 643 / 476 | 49 / 1 | 3 | 34 |
| 1 Beds | $1,272 | $1,258 | $700 – $2,500 | $2 / $2 | 719 / 700 | 46 / 1 | 50 | 191 |
| 2 Beds | $1,550 | $1,495 | $750 – $3,000 | $2 / $2 | 1,028 / 968 | 38 / 4 | 39 | 199 |
| 3 Beds | $2,417 | $2,225 | $1,395 – $6,995 | $2 / $2 | 1,432 / 1,422 | 58 / 32 | 5 | 64 |
| 4 Beds | $3,116 | $2,995 | $750 – $5,000 | $2 / $2 | 1,889 / 1,800 | 58 / 44 | 0 | 13 |
| 5 Beds | $5,098 | $4,800 | $2,995 – $7,500 | $2 / $2 | 2,620 / 2,342 | 43 / 41 | 0 | 3 |
6-Month Sales Trend
Mar 2026
Median Price:$425,000Median DOM:30New:59Total:197
Apr 2026
Median Price:$399,900Median DOM:32New:37Total:196
May 2026
Median Price:$415,000Median DOM:37New:33Total:192
Jun 2026
Median Price:$429,000Median DOM:42New:36Total:182
Jul 2026
Median Price:$399,000Median DOM:74New:37Total:180
Aug 2026
Median Price:$419,900Median DOM:43New:14Total:190
6-Month Rental Trend
Mar 2026
Median Rent:$1,400Median DOM:1New:365Total:638
Apr 2026
Median Rent:$1,395Median DOM:1New:352Total:696
May 2026
Median Rent:$1,413Median DOM:1New:316Total:675
Jun 2026
Median Rent:$1,400Median DOM:1New:247Total:609
Jul 2026
Median Rent:$1,400Median DOM:1New:163Total:524
Aug 2026
Median Rent:$1,399Median DOM:4New:97Total:504
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving 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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