ZIP 85008 Housing Market Report
Phoenix Metro
Report period: May 2026
85008 Monthly Market Update – May 2026
ZIP 85008 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$410,000
+2.5%
Median DOM (Sales)
33
+3.1%
New Listings (Sales)
14
−62.2%
Median Rent
$1,400
+0.4%
Median DOM (Rental)
1
0.0%
Total Rental Listings
671
−3.6%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (32 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($930,000 median)
Sales Market Overview
Median Price
$410,000
+2.5%
Median DOM
33
+3.1%
New Listings
14
−62.2%
Inventory
196
0.0%
- Average Price: $516,499
- Median Price: $410,000
- Price Range: $165,000 – $2,350,000
- Price per Sq Ft (Avg/Median): $321 / $303
- Square Footage (Avg/Median): 1,498 / 1,354
- Square Footage Range: 552 – 4,176
- Days on Market (Avg/Median): 76 / 33
- Days on Market Range: 2 – 324
- New Listings: 14
- Total Listings: 196
Sales by Property Type
Condo
Avg/Median Price$237,509 / $239,000Range$165,000 – $313,000Price per Sq Ft$282 / $294Sq Ft846 / 830DOM93 / 35New0Total33
Land
Avg/Median Price$468,370 / $350,000Range$170,000 – $1,450,000Price per Sq Ft—Sq Ft—DOM113 / 102New0Total10
Multi-Family
Avg/Median Price$854,865 / $850,000Range$425,000 – $1,450,000Price per Sq Ft$329 / $300Sq Ft2,390 / 2,000DOM81 / 33New1Total17
Single Family
Avg/Median Price$633,253 / $497,500Range$175,000 – $2,350,000Price per Sq Ft$349 / $329Sq Ft1,784 / 1,594DOM64 / 32New10Total98
Townhouse
Avg/Median Price$318,971 / $312,900Range$190,000 – $599,500Price per Sq Ft$281 / $279Sq Ft1,140 / 1,020DOM82 / 33New3Total38
Sales by Bedroom Count
1 Beds
Avg:$215,035Median:$199,999Range:$165,000 – $355,000PSF:$297 / $299Sq Ft:725 / 761DOM:134 / 103New:0Total:20
2 Beds
Avg:$315,594Median:$290,000Range:$182,500 – $1,155,000PSF:$299 / $287Sq Ft:1,011 / 996DOM:65 / 33New:3Total:53
3 Beds
Avg:$503,792Median:$457,900Range:$175,000 – $1,995,000PSF:$333 / $314Sq Ft:1,500 / 1,448DOM:66 / 33New:5Total:60
4 Beds
Avg:$802,151Median:$725,000Range:$399,000 – $2,350,000PSF:$355 / $324Sq Ft:2,205 / 2,010DOM:80 / 34New:5Total:31
5 Beds
Avg:$935,100Median:$599,000Range:$433,000 – $1,799,000PSF:$348 / $329Sq Ft:2,335 / 1,918DOM:40 / 31New:0Total:9
6 Beds
Avg:$767,225Median:$665,000Range:$599,000 – $905,000PSF:$261 / $235Sq Ft:2,838 / 2,827DOM:63 / 32New:0Total:4
7 Beds
Avg:$1,028,167Median:$895,000Range:$825,000 – $1,300,000PSF:$316 / $287Sq Ft:3,112 / 2,600DOM:110 / 86New:1Total:6
8 Beds
Avg:$925,000Median:$930,000Range:$845,000 – $999,999PSF:$259 / $259Sq Ft:3,867 / 3,867DOM:28 / 27New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $215,035 | $199,999 | $165,000 – $355,000 | $297 / $299 | 725 / 761 | 134 / 103 | 0 | 20 |
| 2 Beds | $315,594 | $290,000 | $182,500 – $1,155,000 | $299 / $287 | 1,011 / 996 | 65 / 33 | 3 | 53 |
| 3 Beds | $503,792 | $457,900 | $175,000 – $1,995,000 | $333 / $314 | 1,500 / 1,448 | 66 / 33 | 5 | 60 |
| 4 Beds | $802,151 | $725,000 | $399,000 – $2,350,000 | $355 / $324 | 2,205 / 2,010 | 80 / 34 | 5 | 31 |
| 5 Beds | $935,100 | $599,000 | $433,000 – $1,799,000 | $348 / $329 | 2,335 / 1,918 | 40 / 31 | 0 | 9 |
| 6 Beds | $767,225 | $665,000 | $599,000 – $905,000 | $261 / $235 | 2,838 / 2,827 | 63 / 32 | 0 | 4 |
| 7 Beds | $1,028,167 | $895,000 | $825,000 – $1,300,000 | $316 / $287 | 3,112 / 2,600 | 110 / 86 | 1 | 6 |
| 8 Beds | $925,000 | $930,000 | $845,000 – $999,999 | $259 / $259 | 3,867 / 3,867 | 28 / 27 | 0 | 3 |
Rental Market Overview
Median Rent
$1,400
+0.4%
Median DOM
1
0.0%
New Listings
173
Inventory
671
−3.6%
- Average Rent: $1,552
- Median Rent: $1,400
- Rent Range: $697 – $7,999
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 956 / 840
- Square Footage Range: 300 – 7,985
- Days on Market (Avg/Median): 31 / 1
- Days on Market Range: 1 – 365
- New Listings: 173
- Total Listings: 671
Rentals by Property Type
Apartment
$1,364
Median DOM: 1
Inventory: 544
MoM: +0.4%
Condo
$1,399
Median DOM: 1
Inventory: 9
MoM: +0.4%
Single Family
$2,150
Median DOM: 33
Inventory: 72
MoM: +0.4%
Townhouse
$1,699
Median DOM: 33
Inventory: 43
MoM: +0.4%
Apartment
Avg/Median Rent$1,415 / $1,364Range$697 – $4,145Rent per Sq Ft$2 / $2Sq Ft858 / 829DOM25 / 1New163Total544
Condo
Avg/Median Rent$1,369 / $1,399Range$999 – $1,900Rent per Sq Ft$2 / $2Sq Ft824 / 750DOM44 / 1New2Total9
Multi-Family
Avg/Median Rent$1,113 / $1,195Range$750 – $1,395Rent per Sq Ft$2 / $2Sq Ft718 / 805DOM27 / 26New0Total3
Single Family
Avg/Median Rent$2,485 / $2,150Range$750 – $7,999Rent per Sq Ft$2 / $2Sq Ft1,569 / 1,574DOM60 / 33New4Total72
Townhouse
Avg/Median Rent$1,803 / $1,699Range$995 – $2,950Rent per Sq Ft$2 / $2Sq Ft1,200 / 1,050DOM59 / 33New4Total43
Rentals by Bedroom Count
Studio
Avg:$1,002Median:$989Range:$697 – $1,649PSF:$2 / $2Sq Ft:480 / 476DOM:58 / 1New:9Total:32
1 Beds
Avg:$1,262Median:$1,199Range:$750 – $3,200PSF:$2 / $2Sq Ft:708 / 700DOM:31 / 1New:64Total:243
2 Beds
Avg:$1,531Median:$1,470Range:$750 – $3,000PSF:$2 / $2Sq Ft:1,004 / 980DOM:23 / 1New:88Total:295
3 Beds
Avg:$2,261Median:$2,085Range:$1,249 – $7,900PSF:$2 / $2Sq Ft:1,360 / 1,295DOM:40 / 1New:11Total:87
4 Beds
Avg:$3,510Median:$3,600Range:$1,875 – $5,500PSF:$2 / $2Sq Ft:2,742 / 2,136DOM:96 / 89New:1Total:11
5 Beds
Avg:$5,750Median:$3,500Range:$3,500 – $7,999PSF:$2 / $2Sq Ft:2,759 / 1,918DOM:44 / 33New:0Total:2
6 Beds
Avg:$4,500Median:$4,500Range:$4,500 – $4,500PSF:$2 / $2Sq Ft:2,827 / 2,827DOM:46 / 46New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,002 | $989 | $697 – $1,649 | $2 / $2 | 480 / 476 | 58 / 1 | 9 | 32 |
| 1 Beds | $1,262 | $1,199 | $750 – $3,200 | $2 / $2 | 708 / 700 | 31 / 1 | 64 | 243 |
| 2 Beds | $1,531 | $1,470 | $750 – $3,000 | $2 / $2 | 1,004 / 980 | 23 / 1 | 88 | 295 |
| 3 Beds | $2,261 | $2,085 | $1,249 – $7,900 | $2 / $2 | 1,360 / 1,295 | 40 / 1 | 11 | 87 |
| 4 Beds | $3,510 | $3,600 | $1,875 – $5,500 | $2 / $2 | 2,742 / 2,136 | 96 / 89 | 1 | 11 |
| 5 Beds | $5,750 | $3,500 | $3,500 – $7,999 | $2 / $2 | 2,759 / 1,918 | 44 / 33 | 0 | 2 |
| 6 Beds | $4,500 | $4,500 | $4,500 – $4,500 | $2 / $2 | 2,827 / 2,827 | 46 / 46 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$400,000Median DOM:99New:18Total:146
Jan 2026
Median Price:$425,000Median DOM:85New:34Total:158
Feb 2026
Median Price:$415,000Median DOM:44New:35Total:169
Mar 2026
Median Price:$425,000Median DOM:30New:59Total:197
Apr 2026
Median Price:$399,900Median DOM:32New:37Total:196
May 2026
Median Price:$410,000Median DOM:33New:14Total:196
6-Month Rental Trend
Dec 2025
Median Rent:$1,497Median DOM:51New:62Total:299
Jan 2026
Median Rent:$1,395Median DOM:51New:56Total:297
Feb 2026
Median Rent:$1,399Median DOM:1New:259Total:473
Mar 2026
Median Rent:$1,400Median DOM:1New:365Total:638
Apr 2026
Median Rent:$1,395Median DOM:1New:352Total:696
May 2026
Median Rent:$1,400Median DOM:1New:173Total:671
Key Market Takeaways
Median sale prices moved higher this month while inventory remained stable. Days on market lengthened, signaling slower 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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