ZIP 85017 Housing Market Report
Phoenix Metro
Report period: May 2026
85017 Monthly Market Update – May 2026
ZIP 85017 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$299,999
−0.0%
Median DOM (Sales)
70
−1.4%
New Listings (Sales)
9
−52.6%
Median Rent
$995
−1.4%
Median DOM (Rental)
1
0.0%
Total Rental Listings
150
+5.6%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (14 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($589,999 median)
Sales Market Overview
Median Price
$299,999
−0.0%
Median DOM
70
−1.4%
New Listings
9
−52.6%
Inventory
100
−2.0%
- Average Price: $331,890
- Median Price: $299,999
- Price Range: $54,000 – $4,100,000
- Price per Sq Ft (Avg/Median): $198 / $200
- Square Footage (Avg/Median): 1,331 / 1,335
- Square Footage Range: 477 – 2,756
- Days on Market (Avg/Median): 91 / 70
- Days on Market Range: 2 – 328
- New Listings: 9
- Total Listings: 100
Sales by Property Type
Condo
Avg/Median Price$87,426 / $84,500Range$65,000 – $134,900Price per Sq Ft$127 / $125Sq Ft700 / 680DOM171 / 178New0Total15
Land
Avg/Median Price$2,071,667 / $2,000,000Range$115,000 – $4,100,000Price per Sq Ft—Sq Ft—DOM139 / 127New0Total3
Manufactured
Avg/Median Price$55,000 / $55,000Range$55,000 – $55,000Price per Sq Ft$63 / $63Sq Ft875 / 875DOM35 / 35New0Total1
Multi-Family
Avg/Median Price$636,663 / $629,990Range$589,999 – $690,000Price per Sq Ft$300 / $300Sq Ft2,099 / 2,099DOM102 / 14New0Total3
Single Family
Avg/Median Price$350,784 / $349,750Range$239,999 – $619,000Price per Sq Ft$228 / $223Sq Ft1,601 / 1,505DOM64 / 33New8Total53
Townhouse
Avg/Median Price$204,244 / $190,000Range$54,000 – $375,000Price per Sq Ft$179 / $187Sq Ft1,122 / 986DOM103 / 84New1Total25
Sales by Bedroom Count
Studio
Avg:$60,500Median:$54,000Range:$54,000 – $67,000PSF:$110 / $98Sq Ft:550 / 550DOM:139 / 33New:0Total:2
1 Beds
Avg:$88,730Median:$84,500Range:$65,000 – $149,000PSF:$131 / $125Sq Ft:694 / 680DOM:152 / 125New:0Total:13
2 Beds
Avg:$167,370Median:$169,000Range:$55,000 – $299,999PSF:$180 / $193Sq Ft:911 / 880DOM:112 / 106New:1Total:17
3 Beds
Avg:$315,737Median:$325,000Range:$149,900 – $449,900PSF:$225 / $217Sq Ft:1,446 / 1,360DOM:57 / 32New:4Total:40
4 Beds
Avg:$382,679Median:$360,000Range:$250,000 – $629,990PSF:$218 / $212Sq Ft:1,762 / 1,674DOM:72 / 31New:3Total:16
5 Beds
Avg:$398,580Median:$379,000Range:$365,000 – $445,000PSF:$202 / $208Sq Ft:1,988 / 1,994DOM:113 / 107New:0Total:5
6 Beds
Avg:$539,999Median:$589,999Range:$339,999 – $690,000PSF:$155 / $155Sq Ft:2,200 / 2,200DOM:243 / 190New:0Total:3
7 Beds
Avg:$489,000Median:$489,000Range:$489,000 – $489,000PSF:$184 / $184Sq Ft:2,658 / 2,658DOM:4 / 4New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $60,500 | $54,000 | $54,000 – $67,000 | $110 / $98 | 550 / 550 | 139 / 33 | 0 | 2 |
| 1 Beds | $88,730 | $84,500 | $65,000 – $149,000 | $131 / $125 | 694 / 680 | 152 / 125 | 0 | 13 |
| 2 Beds | $167,370 | $169,000 | $55,000 – $299,999 | $180 / $193 | 911 / 880 | 112 / 106 | 1 | 17 |
| 3 Beds | $315,737 | $325,000 | $149,900 – $449,900 | $225 / $217 | 1,446 / 1,360 | 57 / 32 | 4 | 40 |
| 4 Beds | $382,679 | $360,000 | $250,000 – $629,990 | $218 / $212 | 1,762 / 1,674 | 72 / 31 | 3 | 16 |
| 5 Beds | $398,580 | $379,000 | $365,000 – $445,000 | $202 / $208 | 1,988 / 1,994 | 113 / 107 | 0 | 5 |
| 6 Beds | $539,999 | $589,999 | $339,999 – $690,000 | $155 / $155 | 2,200 / 2,200 | 243 / 190 | 0 | 3 |
| 7 Beds | $489,000 | $489,000 | $489,000 – $489,000 | $184 / $184 | 2,658 / 2,658 | 4 / 4 | 1 | 1 |
Rental Market Overview
Median Rent
$995
−1.4%
Median DOM
1
0.0%
New Listings
31
Inventory
150
+5.6%
- Average Rent: $1,190
- Median Rent: $995
- Rent Range: $595 – $3,800
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 826 / 652
- Square Footage Range: 250 – 2,700
- Days on Market (Avg/Median): 52 / 1
- Days on Market Range: 1 – 359
- New Listings: 31
- Total Listings: 150
Rentals by Property Type
Apartment
$899
Median DOM: 1
Inventory: 104
MoM: −1.4%
Condo
$2,300
Median DOM: 14
Inventory: 1
MoM: −1.4%
Single Family
$1,840
Median DOM: 20
Inventory: 35
MoM: −1.4%
Townhouse
$1,266
Median DOM: 54
Inventory: 10
MoM: −1.4%
Apartment
Avg/Median Rent$948 / $899Range$595 – $1,600Rent per Sq Ft$2 / $1Sq Ft644 / 652DOM53 / 1New25Total104
Condo
Avg/Median Rent$2,300 / $2,300Range$2,300 – $2,300Rent per Sq Ft$1 / $1Sq Ft2,000 / 2,000DOM14 / 14New0Total1
Single Family
Avg/Median Rent$1,839 / $1,840Range$795 – $3,800Rent per Sq Ft$1 / $1Sq Ft1,350 / 1,330DOM44 / 20New6Total35
Townhouse
Avg/Median Rent$1,314 / $1,266Range$995 – $1,600Rent per Sq Ft$2 / $2Sq Ft876 / 728DOM74 / 54New0Total10
Rentals by Bedroom Count
Studio
Avg:$855Median:$849Range:$675 – $1,062PSF:$2 / $2Sq Ft:406 / 438DOM:58 / 1New:4Total:20
1 Beds
Avg:$909Median:$885Range:$595 – $1,266PSF:$1 / $1Sq Ft:628 / 652DOM:58 / 1New:17Total:62
2 Beds
Avg:$1,172Median:$1,195Range:$795 – $1,600PSF:$1 / $1Sq Ft:863 / 885DOM:38 / 1New:5Total:37
3 Beds
Avg:$1,812Median:$1,820Range:$1,345 – $2,300PSF:$1 / $1Sq Ft:1,345 / 1,319DOM:53 / 14New:4Total:19
4 Beds
Avg:$2,094Median:$1,945Range:$875 – $3,800PSF:$1 / $1Sq Ft:1,635 / 1,503DOM:60 / 29New:1Total:10
5 Beds
Avg:$3,110Median:$2,420Range:$2,420 – $3,800PSF:$2 / $1Sq Ft:1,931 / 1,806DOM:17 / 3New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $855 | $849 | $675 – $1,062 | $2 / $2 | 406 / 438 | 58 / 1 | 4 | 20 |
| 1 Beds | $909 | $885 | $595 – $1,266 | $1 / $1 | 628 / 652 | 58 / 1 | 17 | 62 |
| 2 Beds | $1,172 | $1,195 | $795 – $1,600 | $1 / $1 | 863 / 885 | 38 / 1 | 5 | 37 |
| 3 Beds | $1,812 | $1,820 | $1,345 – $2,300 | $1 / $1 | 1,345 / 1,319 | 53 / 14 | 4 | 19 |
| 4 Beds | $2,094 | $1,945 | $875 – $3,800 | $1 / $1 | 1,635 / 1,503 | 60 / 29 | 1 | 10 |
| 5 Beds | $3,110 | $2,420 | $2,420 – $3,800 | $2 / $1 | 1,931 / 1,806 | 17 / 3 | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$299,000Median DOM:81New:11Total:83
Jan 2026
Median Price:$285,000Median DOM:47New:27Total:94
Feb 2026
Median Price:$300,000Median DOM:31New:17Total:100
Mar 2026
Median Price:$315,000Median DOM:34New:13Total:97
Apr 2026
Median Price:$300,000Median DOM:71New:19Total:102
May 2026
Median Price:$299,999Median DOM:70New:9Total:100
6-Month Rental Trend
Dec 2025
Median Rent:$1,250Median DOM:65New:19Total:79
Jan 2026
Median Rent:$1,195Median DOM:66New:20Total:88
Feb 2026
Median Rent:$1,163Median DOM:26New:45Total:116
Mar 2026
Median Rent:$1,095Median DOM:8New:63Total:131
Apr 2026
Median Rent:$1,009Median DOM:1New:61Total:142
May 2026
Median Rent:$995Median DOM:1New:31Total:150
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing eased, while total rental inventory increased.
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.
850038500485006850078500885009850128501385014850158501685017850188502085021850228502385024850278502885029850318503285033850348503585037850408504185042+11 more
← Back to Phoenix Metro