ZIP 85023 Housing Market Report
Phoenix Metro
Report period: July 2026
85023 Monthly Market Update – July 2026
ZIP 85023 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$413,000
−0.4%
Median DOM (Sales)
37
+5.7%
New Listings (Sales)
11
−71.1%
Median Rent
$1,375
+1.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
339
−6.4%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (28 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($2,100,000 median)
Sales Market Overview
Median Price
$413,000
−0.4%
Median DOM
37
+5.7%
New Listings
11
−71.1%
Inventory
157
−4.3%
- Average Price: $465,813
- Median Price: $413,000
- Price Range: $12,000 – $3,995,000
- Price per Sq Ft (Avg/Median): $248 / $265
- Square Footage (Avg/Median): 1,736 / 1,553
- Square Footage Range: 494 – 9,241
- Days on Market (Avg/Median): 64 / 37
- Days on Market Range: 2 – 319
- New Listings: 11
- Total Listings: 157
Sales by Property Type
Condo
Avg/Median Price$194,000 / $179,999Range$145,000 – $245,000Price per Sq Ft$238 / $227Sq Ft844 / 914DOM100 / 41New1Total8
Land
Avg/Median Price$699,000 / $499,000Range$499,000 – $899,000Price per Sq Ft—Sq Ft—DOM204 / 134New0Total2
Manufactured
Avg/Median Price$69,071 / $55,900Range$12,000 – $395,000Price per Sq Ft$56 / $50Sq Ft1,117 / 1,100DOM84 / 44New2Total21
Single Family
Avg/Median Price$571,196 / $450,000Range$300,000 – $3,995,000Price per Sq Ft$285 / $282Sq Ft1,959 / 1,699DOM57 / 34New6Total110
Townhouse
Avg/Median Price$368,781 / $299,000Range$155,000 – $825,000Price per Sq Ft$245 / $231Sq Ft1,464 / 1,558DOM50 / 28New2Total16
Sales by Bedroom Count
1 Beds
Avg:$108,983Median:$77,900Range:$12,000 – $200,000PSF:$174 / $98Sq Ft:636 / 592DOM:67 / 38New:1Total:6
2 Beds
Avg:$200,780Median:$210,000Range:$13,500 – $455,000PSF:$179 / $227Sq Ft:1,101 / 1,056DOM:58 / 36New:3Total:30
3 Beds
Avg:$420,080Median:$413,000Range:$15,000 – $1,240,000PSF:$259 / $272Sq Ft:1,604 / 1,553DOM:65 / 33New:5Total:77
4 Beds
Avg:$623,131Median:$565,000Range:$300,000 – $1,165,000PSF:$277 / $272Sq Ft:2,229 / 2,106DOM:65 / 42New:1Total:35
5 Beds
Avg:$1,014,874Median:$569,995Range:$414,500 – $1,900,000PSF:$317 / $285Sq Ft:3,030 / 2,002DOM:43 / 5New:1Total:4
6 Beds
Avg:$2,371,000Median:$747,000Range:$747,000 – $3,995,000PSF:$347 / $262Sq Ft:6,047 / 2,853DOM:34 / 25New:0Total:2
7 Beds
Avg:$2,100,000Median:$2,100,000Range:$2,100,000 – $2,100,000PSF:$325 / $325Sq Ft:6,465 / 6,465DOM:25 / 25New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $108,983 | $77,900 | $12,000 – $200,000 | $174 / $98 | 636 / 592 | 67 / 38 | 1 | 6 |
| 2 Beds | $200,780 | $210,000 | $13,500 – $455,000 | $179 / $227 | 1,101 / 1,056 | 58 / 36 | 3 | 30 |
| 3 Beds | $420,080 | $413,000 | $15,000 – $1,240,000 | $259 / $272 | 1,604 / 1,553 | 65 / 33 | 5 | 77 |
| 4 Beds | $623,131 | $565,000 | $300,000 – $1,165,000 | $277 / $272 | 2,229 / 2,106 | 65 / 42 | 1 | 35 |
| 5 Beds | $1,014,874 | $569,995 | $414,500 – $1,900,000 | $317 / $285 | 3,030 / 2,002 | 43 / 5 | 1 | 4 |
| 6 Beds | $2,371,000 | $747,000 | $747,000 – $3,995,000 | $347 / $262 | 6,047 / 2,853 | 34 / 25 | 0 | 2 |
| 7 Beds | $2,100,000 | $2,100,000 | $2,100,000 – $2,100,000 | $325 / $325 | 6,465 / 6,465 | 25 / 25 | 0 | 1 |
Rental Market Overview
Median Rent
$1,375
+1.0%
Median DOM
1
0.0%
New Listings
67
Inventory
339
−6.4%
- Average Rent: $1,567
- Median Rent: $1,375
- Rent Range: $774 – $10,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,043 / 886
- Square Footage Range: 250 – 3,312
- Days on Market (Avg/Median): 17 / 1
- Days on Market Range: 1 – 339
- New Listings: 67
- Total Listings: 339
Rentals by Property Type
Apartment
$1,251
Median DOM: 1
Inventory: 256
MoM: +1.0%
Condo
$1,350
Median DOM: 1
Inventory: 2
MoM: +1.0%
Single Family
$2,395
Median DOM: 19
Inventory: 68
MoM: +1.0%
Townhouse
$1,900
Median DOM: 44
Inventory: 9
MoM: +1.0%
Apartment
Avg/Median Rent$1,308 / $1,251Range$774 – $3,709Rent per Sq Ft$2 / $2Sq Ft836 / 820DOM7 / 1New51Total256
Condo
Avg/Median Rent$1,362 / $1,350Range$1,350 – $1,375Rent per Sq Ft$2 / $1Sq Ft878 / 700DOM1 / 1New0Total2
Manufactured
Avg/Median Rent$1,370 / $1,350Range$1,330 – $1,450Rent per Sq Ft$1 / $1Sq Ft956 / 910DOM116 / 45New1Total4
Single Family
Avg/Median Rent$2,528 / $2,395Range$785 – $10,000Rent per Sq Ft$1 / $1Sq Ft1,815 / 1,725DOM41 / 19New14Total68
Townhouse
Avg/Median Rent$1,811 / $1,900Range$1,450 – $2,100Rent per Sq Ft$2 / $2Sq Ft1,211 / 1,225DOM69 / 44New1Total9
Rentals by Bedroom Count
Studio
Avg:$1,007Median:$1,013Range:$839 – $1,298PSF:$2 / $2Sq Ft:518 / 500DOM:10 / 1New:6Total:16
1 Beds
Avg:$1,144Median:$1,165Range:$774 – $1,687PSF:$2 / $2Sq Ft:723 / 715DOM:11 / 1New:23Total:111
2 Beds
Avg:$1,427Median:$1,409Range:$857 – $3,709PSF:$1 / $1Sq Ft:948 / 960DOM:11 / 1New:24Total:131
3 Beds
Avg:$2,203Median:$2,166Range:$1,450 – $3,200PSF:$1 / $1Sq Ft:1,597 / 1,523DOM:30 / 15New:11Total:63
4 Beds
Avg:$3,569Median:$2,550Range:$1,935 – $10,000PSF:$2 / $1Sq Ft:2,188 / 2,032DOM:60 / 30New:2Total:16
5 Beds
Avg:$2,697Median:$2,399Range:$2,399 – $2,995PSF:$1 / $1Sq Ft:2,364 / 1,852DOM:27 / 10New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,007 | $1,013 | $839 – $1,298 | $2 / $2 | 518 / 500 | 10 / 1 | 6 | 16 |
| 1 Beds | $1,144 | $1,165 | $774 – $1,687 | $2 / $2 | 723 / 715 | 11 / 1 | 23 | 111 |
| 2 Beds | $1,427 | $1,409 | $857 – $3,709 | $1 / $1 | 948 / 960 | 11 / 1 | 24 | 131 |
| 3 Beds | $2,203 | $2,166 | $1,450 – $3,200 | $1 / $1 | 1,597 / 1,523 | 30 / 15 | 11 | 63 |
| 4 Beds | $3,569 | $2,550 | $1,935 – $10,000 | $2 / $1 | 2,188 / 2,032 | 60 / 30 | 2 | 16 |
| 5 Beds | $2,697 | $2,399 | $2,399 – $2,995 | $1 / $1 | 2,364 / 1,852 | 27 / 10 | 1 | 2 |
6-Month Sales Trend
Feb 2026
Median Price:$410,000Median DOM:29New:38Total:144
Mar 2026
Median Price:$425,000Median DOM:29New:45Total:163
Apr 2026
Median Price:$415,000Median DOM:30New:46Total:169
May 2026
Median Price:$410,000Median DOM:32New:39Total:163
Jun 2026
Median Price:$414,500Median DOM:35New:38Total:164
Jul 2026
Median Price:$413,000Median DOM:37New:11Total:157
6-Month Rental Trend
Feb 2026
Median Rent:$1,325Median DOM:1New:180Total:276
Mar 2026
Median Rent:$1,339Median DOM:1New:236Total:374
Apr 2026
Median Rent:$1,349Median DOM:1New:223Total:412
May 2026
Median Rent:$1,399Median DOM:1New:225Total:396
Jun 2026
Median Rent:$1,362Median DOM:1New:164Total:362
Jul 2026
Median Rent:$1,375Median DOM:1New:67Total:339
Key Market Takeaways
Median sale prices softened 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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