ZIP 85016 Housing Market Report
Phoenix Metro
Report period: July 2026
85016 Monthly Market Update – July 2026
ZIP 85016 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$519,750
−4.6%
Median DOM (Sales)
78
+5.4%
New Listings (Sales)
10
−83.6%
Median Rent
$1,649
−0.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
614
−7.5%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (30 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($5,995,000 median)
Sales Market Overview
Median Price
$519,750
−4.6%
Median DOM
78
+5.4%
New Listings
10
−83.6%
Inventory
332
−2.4%
- Average Price: $852,642
- Median Price: $519,750
- Price Range: $141,900 – $9,475,000
- Price per Sq Ft (Avg/Median): $405 / $362
- Square Footage (Avg/Median): 1,815 / 1,496
- Square Footage Range: 576 – 13,366
- Days on Market (Avg/Median): 91 / 78
- Days on Market Range: 2 – 365
- New Listings: 10
- Total Listings: 332
Sales by Property Type
Condo
Avg/Median Price$591,352 / $345,000Range$141,900 – $4,690,000Price per Sq Ft$384 / $324Sq Ft1,267 / 1,089DOM115 / 104New6Total120
Land
Avg/Median Price$1,075,000 / $595,000Range$350,000 – $2,280,000Price per Sq Ft—Sq Ft—DOM149 / 30New0Total3
Multi-Family
Avg/Median Price$842,450 / $799,900Range$799,900 – $885,000Price per Sq Ft$400 / $400Sq Ft2,000 / 2,000DOM140 / 104New0Total2
Single Family
Avg/Median Price$1,324,470 / $775,000Range$299,900 – $9,475,000Price per Sq Ft$465 / $403Sq Ft2,556 / 2,094DOM76 / 70New4Total123
Townhouse
Avg/Median Price$527,322 / $479,999Range$174,999 – $1,395,000Price per Sq Ft$349 / $334Sq Ft1,508 / 1,426DOM78 / 44New0Total84
Sales by Bedroom Count
1 Beds
Avg:$270,773Median:$249,900Range:$141,900 – $484,500PSF:$333 / $321Sq Ft:798 / 847DOM:86 / 84New:3Total:41
2 Beds
Avg:$512,304Median:$410,000Range:$187,500 – $2,100,000PSF:$371 / $340Sq Ft:1,311 / 1,185DOM:104 / 87New:4Total:121
3 Beds
Avg:$976,422Median:$629,990Range:$312,900 – $4,690,000PSF:$440 / $377Sq Ft:1,999 / 1,844DOM:78 / 70New:1Total:119
4 Beds
Avg:$1,247,741Median:$875,000Range:$499,000 – $9,475,000PSF:$420 / $376Sq Ft:2,577 / 2,260DOM:97 / 90New:1Total:29
5 Beds
Avg:$2,224,846Median:$1,270,000Range:$739,900 – $5,950,000PSF:$538 / $457Sq Ft:3,735 / 3,271DOM:83 / 72New:1Total:14
6 Beds
Avg:$3,575,000Median:$2,649,999Range:$2,649,999 – $4,500,000PSF:$502 / $368Sq Ft:7,136 / 7,073DOM:147 / 124New:0Total:2
7 Beds
Avg:$6,242,500Median:$5,995,000Range:$5,995,000 – $6,490,000PSF:$754 / $449Sq Ft:9,746 / 6,125DOM:79 / 79New:0Total:2
8 Beds
Avg:$3,599,900Median:$3,599,900Range:$3,599,900 – $3,599,900PSF:$403 / $403Sq Ft:8,933 / 8,933DOM:—New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $270,773 | $249,900 | $141,900 – $484,500 | $333 / $321 | 798 / 847 | 86 / 84 | 3 | 41 |
| 2 Beds | $512,304 | $410,000 | $187,500 – $2,100,000 | $371 / $340 | 1,311 / 1,185 | 104 / 87 | 4 | 121 |
| 3 Beds | $976,422 | $629,990 | $312,900 – $4,690,000 | $440 / $377 | 1,999 / 1,844 | 78 / 70 | 1 | 119 |
| 4 Beds | $1,247,741 | $875,000 | $499,000 – $9,475,000 | $420 / $376 | 2,577 / 2,260 | 97 / 90 | 1 | 29 |
| 5 Beds | $2,224,846 | $1,270,000 | $739,900 – $5,950,000 | $538 / $457 | 3,735 / 3,271 | 83 / 72 | 1 | 14 |
| 6 Beds | $3,575,000 | $2,649,999 | $2,649,999 – $4,500,000 | $502 / $368 | 7,136 / 7,073 | 147 / 124 | 0 | 2 |
| 7 Beds | $6,242,500 | $5,995,000 | $5,995,000 – $6,490,000 | $754 / $449 | 9,746 / 6,125 | 79 / 79 | 0 | 2 |
| 8 Beds | $3,599,900 | $3,599,900 | $3,599,900 – $3,599,900 | $403 / $403 | 8,933 / 8,933 | — | 0 | 1 |
Rental Market Overview
Median Rent
$1,649
−0.1%
Median DOM
1
0.0%
New Listings
71
Inventory
614
−7.5%
- Average Rent: $1,966
- Median Rent: $1,649
- Rent Range: $729 – $10,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 986 / 850
- Square Footage Range: 300 – 3,794
- Days on Market (Avg/Median): 34 / 1
- Days on Market Range: 1 – 295
- New Listings: 71
- Total Listings: 614
Rentals by Property Type
Apartment
$1,525
Median DOM: 1
Inventory: 502
MoM: −0.1%
Condo
$1,249
Median DOM: 45
Inventory: 8
MoM: −0.1%
Single Family
$2,700
Median DOM: 34
Inventory: 52
MoM: −0.1%
Townhouse
$2,900
Median DOM: 20
Inventory: 52
MoM: −0.1%
Apartment
Avg/Median Rent$1,740 / $1,525Range$729 – $9,000Rent per Sq Ft$2 / $2Sq Ft863 / 771DOM30 / 1New61Total502
Condo
Avg/Median Rent$1,493 / $1,249Range$1,000 – $2,300Rent per Sq Ft$2 / $2Sq Ft1,016 / 1,015DOM48 / 45New0Total8
Single Family
Avg/Median Rent$3,173 / $2,700Range$899 – $7,995Rent per Sq Ft$2 / $2Sq Ft1,645 / 1,531DOM60 / 34New6Total52
Townhouse
Avg/Median Rent$3,016 / $2,900Range$950 – $10,000Rent per Sq Ft$2 / $2Sq Ft1,504 / 1,575DOM36 / 20New4Total52
Rentals by Bedroom Count
Studio
Avg:$1,169Median:$1,095Range:$729 – $2,950PSF:$2 / $2Sq Ft:480 / 460DOM:27 / 1New:9Total:70
1 Beds
Avg:$1,433Median:$1,399Range:$799 – $3,700PSF:$2 / $2Sq Ft:722 / 707DOM:26 / 1New:36Total:233
2 Beds
Avg:$2,275Median:$1,900Range:$1,000 – $10,000PSF:$2 / $2Sq Ft:1,117 / 1,071DOM:38 / 11New:20Total:231
3 Beds
Avg:$3,188Median:$2,850Range:$1,675 – $7,995PSF:$2 / $2Sq Ft:1,755 / 1,735DOM:46 / 19New:4Total:65
4 Beds
Avg:$3,920Median:$3,599Range:$2,495 – $6,000PSF:$2 / $2Sq Ft:2,081 / 2,011DOM:57 / 41New:2Total:15
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,169 | $1,095 | $729 – $2,950 | $2 / $2 | 480 / 460 | 27 / 1 | 9 | 70 |
| 1 Beds | $1,433 | $1,399 | $799 – $3,700 | $2 / $2 | 722 / 707 | 26 / 1 | 36 | 233 |
| 2 Beds | $2,275 | $1,900 | $1,000 – $10,000 | $2 / $2 | 1,117 / 1,071 | 38 / 11 | 20 | 231 |
| 3 Beds | $3,188 | $2,850 | $1,675 – $7,995 | $2 / $2 | 1,755 / 1,735 | 46 / 19 | 4 | 65 |
| 4 Beds | $3,920 | $3,599 | $2,495 – $6,000 | $2 / $2 | 2,081 / 2,011 | 57 / 41 | 2 | 15 |
6-Month Sales Trend
Feb 2026
Median Price:$599,990Median DOM:31New:84Total:375
Mar 2026
Median Price:$599,900Median DOM:33New:91Total:412
Apr 2026
Median Price:$585,000Median DOM:33New:74Total:401
May 2026
Median Price:$575,000Median DOM:37New:56Total:365
Jun 2026
Median Price:$545,000Median DOM:74New:61Total:340
Jul 2026
Median Price:$519,750Median DOM:78New:10Total:332
6-Month Rental Trend
Feb 2026
Median Rent:$1,596Median DOM:1New:338Total:631
Mar 2026
Median Rent:$1,554Median DOM:1New:391Total:769
Apr 2026
Median Rent:$1,550Median DOM:1New:360Total:781
May 2026
Median Rent:$1,620Median DOM:1New:323Total:732
Jun 2026
Median Rent:$1,650Median DOM:1New:234Total:664
Jul 2026
Median Rent:$1,649Median DOM:1New:71Total:614
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower 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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