ZIP 85021 Housing Market Report
Phoenix Metro
Report period: May 2026
85021 Monthly Market Update – May 2026
ZIP 85021 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$475,000
+10.7%
Median DOM (Sales)
32
0.0%
New Listings (Sales)
14
−74.1%
Median Rent
$1,299
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
493
−7.3%
Month-over-Month Movement
Median sale prices moved higher. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (26 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 4 Beds ($974,998 median)
Sales Market Overview
Median Price
$475,000
+10.7%
Median DOM
32
0.0%
New Listings
14
−74.1%
Inventory
216
0.0%
- Average Price: $629,862
- Median Price: $475,000
- Price Range: $5,000 – $4,600,000
- Price per Sq Ft (Avg/Median): $286 / $288
- Square Footage (Avg/Median): 1,897 / 1,631
- Square Footage Range: 367 – 7,200
- Days on Market (Avg/Median): 70 / 32
- Days on Market Range: 2 – 360
- New Listings: 14
- Total Listings: 216
Sales by Property Type
Condo
Avg/Median Price$218,061 / $229,900Range$115,000 – $299,000Price per Sq Ft$192 / $191Sq Ft1,181 / 1,282DOM70 / 26New2Total13
Land
Avg/Median Price$388,750 / $165,000Range$140,000 – $750,000Price per Sq Ft—Sq Ft—DOM116 / 110New0Total4
Manufactured
Avg/Median Price$34,507 / $29,500Range$5,000 – $89,900Price per Sq Ft$49 / $29Sq Ft812 / 740DOM102 / 100New1Total29
Multi-Family
Avg/Median Price$549,788 / $539,400Range$299,900 – $790,000Price per Sq Ft$314 / $131Sq Ft1,683 / 1,085DOM67 / 32New1Total8
Single Family
Avg/Median Price$877,411 / $749,900Range$185,000 – $4,600,000Price per Sq Ft$356 / $330Sq Ft2,320 / 2,178DOM66 / 32New9Total131
Townhouse
Avg/Median Price$365,181 / $343,000Range$136,800 – $669,900Price per Sq Ft$247 / $240Sq Ft1,436 / 1,407DOM53 / 31New1Total31
Sales by Bedroom Count
Studio
Avg:$115,000Median:$115,000Range:$115,000 – $115,000PSF:$268 / $268Sq Ft:429 / 429DOM:6 / 6New:0Total:1
1 Beds
Avg:$33,486Median:$12,900Range:$5,000 – $87,400PSF:$82 / $21Sq Ft:533 / 480DOM:74 / 18New:0Total:7
2 Beds
Avg:$212,509Median:$220,000Range:$9,900 – $669,900PSF:$168 / $181Sq Ft:1,172 / 1,080DOM:76 / 33New:5Total:64
3 Beds
Avg:$611,133Median:$499,000Range:$249,000 – $2,850,000PSF:$333 / $309Sq Ft:1,742 / 1,626DOM:72 / 32New:3Total:68
4 Beds
Avg:$1,024,969Median:$974,998Range:$299,000 – $1,999,900PSF:$380 / $372Sq Ft:2,682 / 2,515DOM:52 / 31New:5Total:52
5 Beds
Avg:$962,190Median:$925,000Range:$499,900 – $2,050,000PSF:$310 / $274Sq Ft:3,007 / 2,786DOM:82 / 77New:0Total:10
6 Beds
Avg:$1,684,738Median:$749,000Range:$299,900 – $4,600,000PSF:$430 / $469Sq Ft:4,769 / 5,125DOM:51 / 30New:1Total:8
8 Beds
Avg:$1,295,000Median:$790,000Range:$790,000 – $1,800,000PSF:$353 / $353Sq Ft:5,094 / 5,094DOM:228 / 168New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $115,000 | $115,000 | $115,000 – $115,000 | $268 / $268 | 429 / 429 | 6 / 6 | 0 | 1 |
| 1 Beds | $33,486 | $12,900 | $5,000 – $87,400 | $82 / $21 | 533 / 480 | 74 / 18 | 0 | 7 |
| 2 Beds | $212,509 | $220,000 | $9,900 – $669,900 | $168 / $181 | 1,172 / 1,080 | 76 / 33 | 5 | 64 |
| 3 Beds | $611,133 | $499,000 | $249,000 – $2,850,000 | $333 / $309 | 1,742 / 1,626 | 72 / 32 | 3 | 68 |
| 4 Beds | $1,024,969 | $974,998 | $299,000 – $1,999,900 | $380 / $372 | 2,682 / 2,515 | 52 / 31 | 5 | 52 |
| 5 Beds | $962,190 | $925,000 | $499,900 – $2,050,000 | $310 / $274 | 3,007 / 2,786 | 82 / 77 | 0 | 10 |
| 6 Beds | $1,684,738 | $749,000 | $299,900 – $4,600,000 | $430 / $469 | 4,769 / 5,125 | 51 / 30 | 1 | 8 |
| 8 Beds | $1,295,000 | $790,000 | $790,000 – $1,800,000 | $353 / $353 | 5,094 / 5,094 | 228 / 168 | 0 | 2 |
Rental Market Overview
Median Rent
$1,299
0.0%
Median DOM
1
0.0%
New Listings
133
Inventory
493
−7.3%
- Average Rent: $1,354
- Median Rent: $1,299
- Rent Range: $627 – $6,596
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 879 / 779
- Square Footage Range: 300 – 3,371
- Days on Market (Avg/Median): 21 / 1
- Days on Market Range: 1 – 365
- New Listings: 133
- Total Listings: 493
Rentals by Property Type
Apartment
$1,250
Median DOM: 1
Inventory: 411
MoM: 0.0%
Condo
$995
Median DOM: 1
Inventory: 2
MoM: 0.0%
Single Family
$2,125
Median DOM: 23
Inventory: 47
MoM: 0.0%
Townhouse
$1,520
Median DOM: 36
Inventory: 33
MoM: 0.0%
Apartment
Avg/Median Rent$1,208 / $1,250Range$627 – $2,695Rent per Sq Ft$2 / $2Sq Ft775 / 706DOM17 / 1New122Total411
Condo
Avg/Median Rent$995 / $995Range$995 – $995Rent per Sq Ft$1 / $1Sq Ft728 / 706DOM124 / 1New0Total2
Single Family
Avg/Median Rent$2,450 / $2,125Range$695 – $6,596Rent per Sq Ft$2 / $2Sq Ft1,645 / 1,565DOM33 / 23New8Total47
Townhouse
Avg/Median Rent$1,627 / $1,520Range$1,049 – $2,350Rent per Sq Ft$1 / $1Sq Ft1,159 / 1,056DOM42 / 36New3Total33
Rentals by Bedroom Count
Studio
Avg:$825Median:$795Range:$627 – $1,385PSF:$2 / $2Sq Ft:464 / 455DOM:30 / 1New:8Total:50
1 Beds
Avg:$1,084Median:$1,068Range:$695 – $1,600PSF:$2 / $2Sq Ft:641 / 640DOM:14 / 1New:67Total:177
2 Beds
Avg:$1,359Median:$1,395Range:$750 – $2,100PSF:$1 / $1Sq Ft:939 / 951DOM:24 / 1New:44Total:196
3 Beds
Avg:$2,296Median:$1,995Range:$1,395 – $6,596PSF:$2 / $1Sq Ft:1,530 / 1,322DOM:22 / 3New:12Total:57
4 Beds
Avg:$2,754Median:$2,500Range:$1,500 – $4,600PSF:$1 / $1Sq Ft:1,882 / 2,020DOM:24 / 10New:2Total:12
5 Beds
Avg:$4,000Median:$4,000Range:$4,000 – $4,000PSF:$1 / $1Sq Ft:3,371 / 3,371DOM:50 / 50New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $825 | $795 | $627 – $1,385 | $2 / $2 | 464 / 455 | 30 / 1 | 8 | 50 |
| 1 Beds | $1,084 | $1,068 | $695 – $1,600 | $2 / $2 | 641 / 640 | 14 / 1 | 67 | 177 |
| 2 Beds | $1,359 | $1,395 | $750 – $2,100 | $1 / $1 | 939 / 951 | 24 / 1 | 44 | 196 |
| 3 Beds | $2,296 | $1,995 | $1,395 – $6,596 | $2 / $1 | 1,530 / 1,322 | 22 / 3 | 12 | 57 |
| 4 Beds | $2,754 | $2,500 | $1,500 – $4,600 | $1 / $1 | 1,882 / 2,020 | 24 / 10 | 2 | 12 |
| 5 Beds | $4,000 | $4,000 | $4,000 – $4,000 | $1 / $1 | 3,371 / 3,371 | 50 / 50 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$465,000Median DOM:77New:22Total:174
Jan 2026
Median Price:$420,000Median DOM:51New:42Total:178
Feb 2026
Median Price:$443,000Median DOM:31New:42Total:186
Mar 2026
Median Price:$459,900Median DOM:33New:51Total:206
Apr 2026
Median Price:$429,000Median DOM:32New:54Total:216
May 2026
Median Price:$475,000Median DOM:32New:14Total:216
6-Month Rental Trend
Dec 2025
Median Rent:$1,235Median DOM:50New:52Total:188
Jan 2026
Median Rent:$1,265Median DOM:44New:60Total:212
Feb 2026
Median Rent:$1,251Median DOM:1New:249Total:418
Mar 2026
Median Rent:$1,265Median DOM:1New:331Total:561
Apr 2026
Median Rent:$1,299Median DOM:1New:281Total:532
May 2026
Median Rent:$1,299Median DOM:1New:133Total:493
Key Market Takeaways
Median sale prices moved higher this month while inventory remained stable. Days on market were unchanged, signaling steady buyer activity. Rental pricing remained stable, 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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