ZIP 85015 Housing Market Report
Phoenix Metro
Report period: May 2026
85015 Monthly Market Update – May 2026
ZIP 85015 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$374,000
+1.1%
Median DOM (Sales)
33
+3.1%
New Listings (Sales)
10
−76.7%
Median Rent
$1,174
+0.9%
Median DOM (Rental)
15
+25.0%
Total Rental Listings
333
−7.0%
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 (5 DOM)
- Fastest renting: Apartment (11 DOM)
- Strongest bedroom: 8 Beds ($799,999 median)
Sales Market Overview
Median Price
$374,000
+1.1%
Median DOM
33
+3.1%
New Listings
10
−76.7%
Inventory
199
−6.6%
- Average Price: $406,952
- Median Price: $374,000
- Price Range: $79,999 – $4,750,000
- Price per Sq Ft (Avg/Median): $248 / $244
- Square Footage (Avg/Median): 1,506 / 1,450
- Square Footage Range: 448 – 8,026
- Days on Market (Avg/Median): 77 / 33
- Days on Market Range: 1 – 363
- New Listings: 10
- Total Listings: 199
Sales by Property Type
Condo
Avg/Median Price$163,348 / $149,500Range$89,000 – $300,000Price per Sq Ft$183 / $185Sq Ft900 / 900DOM104 / 81New1Total27
Land
Avg/Median Price$135,000 / $135,000Range$135,000 – $135,000Price per Sq Ft—Sq Ft—DOM5 / 5New0Total1
Manufactured
Avg/Median Price$87,250 / $79,999Range$79,999 – $94,500Price per Sq Ft$100 / $89Sq Ft888 / 720DOM97 / 96New0Total2
Multi-Family
Avg/Median Price$1,432,143 / $799,999Range$390,000 – $4,750,000Price per Sq Ft$263 / $257Sq Ft2,395 / 1,515DOM65 / 31New0Total7
Single Family
Avg/Median Price$485,476 / $475,000Range$249,900 – $788,000Price per Sq Ft$291 / $290Sq Ft1,757 / 1,703DOM67 / 32New7Total105
Townhouse
Avg/Median Price$267,783 / $275,000Range$89,990 – $449,000Price per Sq Ft$205 / $194Sq Ft1,319 / 1,251DOM86 / 35New2Total57
Sales by Bedroom Count
1 Beds
Avg:$141,477Median:$127,000Range:$89,000 – $250,000PSF:$230 / $200Sq Ft:623 / 648DOM:98 / 92New:0Total:11
2 Beds
Avg:$225,814Median:$199,900Range:$79,999 – $475,000PSF:$221 / $197Sq Ft:1,027 / 980DOM:83 / 32New:3Total:56
3 Beds
Avg:$430,652Median:$400,000Range:$94,500 – $1,780,000PSF:$264 / $267Sq Ft:1,572 / 1,566DOM:64 / 31New:4Total:74
4 Beds
Avg:$507,104Median:$480,000Range:$260,000 – $788,000PSF:$264 / $267Sq Ft:1,924 / 1,845DOM:85 / 69New:3Total:47
5 Beds
Avg:$551,833Median:$529,999Range:$475,500 – $650,000PSF:$249 / $251Sq Ft:2,222 / 2,111DOM:47 / 31New:0Total:3
6 Beds
Avg:$1,731,000Median:$725,000Range:$700,000 – $4,750,000PSF:$93 / $93Sq Ft:8,026 / 8,026DOM:133 / 160New:0Total:4
7 Beds
Avg:$685,000Median:$685,000Range:$685,000 – $685,000PSF:$223 / $223Sq Ft:3,071 / 3,071DOM:152 / 152New:0Total:1
8 Beds
Avg:$840,000Median:$799,999Range:$799,999 – $880,000PSF:$269 / $269Sq Ft:3,275 / 3,275DOM:87 / 87New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $141,477 | $127,000 | $89,000 – $250,000 | $230 / $200 | 623 / 648 | 98 / 92 | 0 | 11 |
| 2 Beds | $225,814 | $199,900 | $79,999 – $475,000 | $221 / $197 | 1,027 / 980 | 83 / 32 | 3 | 56 |
| 3 Beds | $430,652 | $400,000 | $94,500 – $1,780,000 | $264 / $267 | 1,572 / 1,566 | 64 / 31 | 4 | 74 |
| 4 Beds | $507,104 | $480,000 | $260,000 – $788,000 | $264 / $267 | 1,924 / 1,845 | 85 / 69 | 3 | 47 |
| 5 Beds | $551,833 | $529,999 | $475,500 – $650,000 | $249 / $251 | 2,222 / 2,111 | 47 / 31 | 0 | 3 |
| 6 Beds | $1,731,000 | $725,000 | $700,000 – $4,750,000 | $93 / $93 | 8,026 / 8,026 | 133 / 160 | 0 | 4 |
| 7 Beds | $685,000 | $685,000 | $685,000 – $685,000 | $223 / $223 | 3,071 / 3,071 | 152 / 152 | 0 | 1 |
| 8 Beds | $840,000 | $799,999 | $799,999 – $880,000 | $269 / $269 | 3,275 / 3,275 | 87 / 87 | 0 | 2 |
Rental Market Overview
Median Rent
$1,174
+0.9%
Median DOM
15
+25.0%
New Listings
56
Inventory
333
−7.0%
- Average Rent: $1,343
- Median Rent: $1,174
- Rent Range: $599 – $7,700
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 884 / 780
- Square Footage Range: 275 – 4,861
- Days on Market (Avg/Median): 56 / 15
- Days on Market Range: 1 – 358
- New Listings: 56
- Total Listings: 333
Rentals by Property Type
Apartment
$1,099
Median DOM: 11
Inventory: 244
MoM: +0.9%
Condo
$1,149
Median DOM: 20
Inventory: 13
MoM: +0.9%
Single Family
$1,895
Median DOM: 12
Inventory: 55
MoM: +0.9%
Townhouse
$1,595
Median DOM: 40
Inventory: 19
MoM: +0.9%
Apartment
Avg/Median Rent$1,167 / $1,099Range$599 – $3,580Rent per Sq Ft$2 / $2Sq Ft730 / 700DOM60 / 11New38Total244
Condo
Avg/Median Rent$1,239 / $1,149Range$895 – $2,195Rent per Sq Ft$1 / $1Sq Ft992 / 936DOM74 / 20New1Total13
Manufactured
Avg/Median Rent$890 / $890Range$890 – $890Rent per Sq Ft$2 / $2Sq Ft520 / 520DOM99 / 99New0Total2
Single Family
Avg/Median Rent$2,030 / $1,895Range$825 – $7,700Rent per Sq Ft$2 / $2Sq Ft1,314 / 1,302DOM32 / 12New15Total55
Townhouse
Avg/Median Rent$1,728 / $1,595Range$1,000 – $3,000Rent per Sq Ft$1 / $1Sq Ft1,458 / 1,408DOM70 / 40New2Total19
Rentals by Bedroom Count
Studio
Avg:$874Median:$942Range:$599 – $1,075PSF:$2 / $3Sq Ft:381 / 380DOM:29 / 1New:7Total:31
1 Beds
Avg:$1,122Median:$995Range:$715 – $3,580PSF:$2 / $2Sq Ft:640 / 625DOM:66 / 1New:19Total:111
2 Beds
Avg:$1,273Median:$1,250Range:$795 – $2,195PSF:$1 / $1Sq Ft:932 / 863DOM:66 / 27New:15Total:137
3 Beds
Avg:$2,244Median:$1,950Range:$1,050 – $7,700PSF:$2 / $2Sq Ft:1,450 / 1,375DOM:25 / 14New:14Total:42
4 Beds
Avg:$2,232Median:$2,100Range:$1,595 – $2,950PSF:$1 / $1Sq Ft:1,645 / 1,584DOM:48 / 30New:1Total:12
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $874 | $942 | $599 – $1,075 | $2 / $3 | 381 / 380 | 29 / 1 | 7 | 31 |
| 1 Beds | $1,122 | $995 | $715 – $3,580 | $2 / $2 | 640 / 625 | 66 / 1 | 19 | 111 |
| 2 Beds | $1,273 | $1,250 | $795 – $2,195 | $1 / $1 | 932 / 863 | 66 / 27 | 15 | 137 |
| 3 Beds | $2,244 | $1,950 | $1,050 – $7,700 | $2 / $2 | 1,450 / 1,375 | 25 / 14 | 14 | 42 |
| 4 Beds | $2,232 | $2,100 | $1,595 – $2,950 | $1 / $1 | 1,645 / 1,584 | 48 / 30 | 1 | 12 |
6-Month Sales Trend
Dec 2025
Median Price:$385,000Median DOM:49New:29Total:186
Jan 2026
Median Price:$375,000Median DOM:47New:40Total:186
Feb 2026
Median Price:$360,000Median DOM:39New:39Total:188
Mar 2026
Median Price:$385,000Median DOM:33New:46Total:204
Apr 2026
Median Price:$370,000Median DOM:32New:43Total:213
May 2026
Median Price:$374,000Median DOM:33New:10Total:199
6-Month Rental Trend
Dec 2025
Median Rent:$1,250Median DOM:65New:36Total:233
Jan 2026
Median Rent:$1,247Median DOM:72New:32Total:222
Feb 2026
Median Rent:$1,195Median DOM:26New:125Total:303
Mar 2026
Median Rent:$1,195Median DOM:14New:127Total:362
Apr 2026
Median Rent:$1,164Median DOM:12New:115Total:358
May 2026
Median Rent:$1,174Median DOM:15New:56Total:333
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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