ZIP 85012 Housing Market Report
Phoenix Metro
Report period: May 2026
85012 Monthly Market Update – May 2026
ZIP 85012 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$525,000
+3.1%
Median DOM (Sales)
35
+2.9%
New Listings (Sales)
4
−77.8%
Median Rent
$1,556
+0.5%
Median DOM (Rental)
1
0.0%
Total Rental Listings
185
−3.1%
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: Land (27 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($1,400,000 median)
Sales Market Overview
Median Price
$525,000
+3.1%
Median DOM
35
+2.9%
New Listings
4
−77.8%
Inventory
110
−3.5%
- Average Price: $693,733
- Median Price: $525,000
- Price Range: $119,000 – $3,500,000
- Price per Sq Ft (Avg/Median): $358 / $365
- Square Footage (Avg/Median): 1,707 / 1,306
- Square Footage Range: 442 – 5,810
- Days on Market (Avg/Median): 81 / 35
- Days on Market Range: 5 – 292
- New Listings: 4
- Total Listings: 110
Sales by Property Type
Condo
Avg/Median Price$334,299 / $279,900Range$119,000 – $1,295,000Price per Sq Ft$313 / $294Sq Ft1,022 / 1,089DOM96 / 95New3Total61
Land
Avg/Median Price$1,323,500 / $1,299,000Range$1,100,000 – $1,500,000Price per Sq Ft—Sq Ft—DOM49 / 27New0Total4
Single Family
Avg/Median Price$1,223,043 / $1,100,000Range$475,000 – $3,500,000Price per Sq Ft$446 / $435Sq Ft2,713 / 2,590DOM70 / 33New1Total36
Townhouse
Avg/Median Price$732,765 / $799,000Range$359,000 – $999,999Price per Sq Ft$319 / $296Sq Ft2,325 / 2,268DOM53 / 35New0Total9
Sales by Bedroom Count
Studio
Avg:$130,000Median:$130,000Range:$130,000 – $130,000PSF:$294 / $294Sq Ft:442 / 442DOM:101 / 101New:0Total:1
1 Beds
Avg:$194,738Median:$155,000Range:$119,000 – $365,000PSF:$261 / $214Sq Ft:741 / 702DOM:94 / 73New:0Total:26
2 Beds
Avg:$423,883Median:$465,000Range:$157,999 – $625,000PSF:$346 / $364Sq Ft:1,223 / 1,125DOM:98 / 94New:2Total:33
3 Beds
Avg:$837,207Median:$825,000Range:$274,900 – $1,400,000PSF:$391 / $414Sq Ft:2,169 / 2,030DOM:68 / 69New:2Total:27
4 Beds
Avg:$1,406,685Median:$1,350,000Range:$649,950 – $2,100,000PSF:$470 / $442Sq Ft:3,006 / 3,219DOM:40 / 31New:0Total:10
5 Beds
Avg:$1,684,878Median:$1,400,000Range:$844,900 – $3,500,000PSF:$469 / $434Sq Ft:3,585 / 2,984DOM:93 / 77New:0Total:9
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $130,000 | $130,000 | $130,000 – $130,000 | $294 / $294 | 442 / 442 | 101 / 101 | 0 | 1 |
| 1 Beds | $194,738 | $155,000 | $119,000 – $365,000 | $261 / $214 | 741 / 702 | 94 / 73 | 0 | 26 |
| 2 Beds | $423,883 | $465,000 | $157,999 – $625,000 | $346 / $364 | 1,223 / 1,125 | 98 / 94 | 2 | 33 |
| 3 Beds | $837,207 | $825,000 | $274,900 – $1,400,000 | $391 / $414 | 2,169 / 2,030 | 68 / 69 | 2 | 27 |
| 4 Beds | $1,406,685 | $1,350,000 | $649,950 – $2,100,000 | $470 / $442 | 3,006 / 3,219 | 40 / 31 | 0 | 10 |
| 5 Beds | $1,684,878 | $1,400,000 | $844,900 – $3,500,000 | $469 / $434 | 3,585 / 2,984 | 93 / 77 | 0 | 9 |
Rental Market Overview
Median Rent
$1,556
+0.5%
Median DOM
1
0.0%
New Listings
56
Inventory
185
−3.1%
- Average Rent: $1,659
- Median Rent: $1,556
- Rent Range: $799 – $4,750
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 878 / 776
- Square Footage Range: 425 – 2,800
- Days on Market (Avg/Median): 24 / 1
- Days on Market Range: 1 – 338
- New Listings: 56
- Total Listings: 185
Rentals by Property Type
Apartment
$1,535
Median DOM: 1
Inventory: 172
MoM: +0.5%
Condo
$1,350
Median DOM: 61
Inventory: 2
MoM: +0.5%
Single Family
$2,995
Median DOM: 8
Inventory: 8
MoM: +0.5%
Townhouse
$2,800
Median DOM: 11
Inventory: 3
MoM: +0.5%
Apartment
Avg/Median Rent$1,585 / $1,535Range$799 – $2,999Rent per Sq Ft$2 / $2Sq Ft839 / 762DOM22 / 1New51Total172
Condo
Avg/Median Rent$1,572 / $1,350Range$1,350 – $1,795Rent per Sq Ft$2 / $2Sq Ft781 / 754DOM68 / 61New0Total2
Single Family
Avg/Median Rent$2,851 / $2,995Range$1,195 – $4,750Rent per Sq Ft$2 / $2Sq Ft1,521 / 1,490DOM36 / 8New4Total8
Townhouse
Avg/Median Rent$2,750 / $2,800Range$2,500 – $2,950Rent per Sq Ft$2 / $2Sq Ft1,483 / 1,401DOM50 / 11New1Total3
Rentals by Bedroom Count
Studio
Avg:$1,281Median:$1,252Range:$799 – $2,100PSF:$2 / $2Sq Ft:574 / 536DOM:39 / 1New:0Total:11
1 Beds
Avg:$1,418Median:$1,395Range:$950 – $1,895PSF:$2 / $2Sq Ft:698 / 696DOM:20 / 1New:33Total:104
2 Beds
Avg:$1,885Median:$1,875Range:$1,195 – $2,999PSF:$2 / $2Sq Ft:1,090 / 1,111DOM:24 / 1New:19Total:57
3 Beds
Avg:$2,608Median:$2,490Range:$1,999 – $3,500PSF:$2 / $2Sq Ft:1,493 / 1,359DOM:37 / 1New:4Total:11
4 Beds
Avg:$4,750Median:$4,750Range:$4,750 – $4,750PSF:$2 / $2Sq Ft:2,151 / 2,151DOM:32 / 32New:0Total:1
5 Beds
Avg:$4,500Median:$4,500Range:$4,500 – $4,500PSF:$2 / $2Sq Ft:2,800 / 2,800DOM:42 / 42New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,281 | $1,252 | $799 – $2,100 | $2 / $2 | 574 / 536 | 39 / 1 | 0 | 11 |
| 1 Beds | $1,418 | $1,395 | $950 – $1,895 | $2 / $2 | 698 / 696 | 20 / 1 | 33 | 104 |
| 2 Beds | $1,885 | $1,875 | $1,195 – $2,999 | $2 / $2 | 1,090 / 1,111 | 24 / 1 | 19 | 57 |
| 3 Beds | $2,608 | $2,490 | $1,999 – $3,500 | $2 / $2 | 1,493 / 1,359 | 37 / 1 | 4 | 11 |
| 4 Beds | $4,750 | $4,750 | $4,750 – $4,750 | $2 / $2 | 2,151 / 2,151 | 32 / 32 | 0 | 1 |
| 5 Beds | $4,500 | $4,500 | $4,500 – $4,500 | $2 / $2 | 2,800 / 2,800 | 42 / 42 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$532,500Median DOM:73New:9Total:82
Jan 2026
Median Price:$529,000Median DOM:39New:24Total:90
Feb 2026
Median Price:$525,000Median DOM:29New:19Total:95
Mar 2026
Median Price:$500,000Median DOM:32New:21Total:104
Apr 2026
Median Price:$509,250Median DOM:34New:18Total:114
May 2026
Median Price:$525,000Median DOM:35New:4Total:110
6-Month Rental Trend
Dec 2025
Median Rent:$1,458Median DOM:40New:23Total:72
Jan 2026
Median Rent:$1,425Median DOM:22New:24Total:83
Feb 2026
Median Rent:$1,399Median DOM:1New:79Total:139
Mar 2026
Median Rent:$1,492Median DOM:1New:106Total:173
Apr 2026
Median Rent:$1,549Median DOM:1New:96Total:191
May 2026
Median Rent:$1,556Median DOM:1New:56Total:185
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. 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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