ZIP 85024 Housing Market Report
Phoenix Metro
Report period: May 2026
85024 Monthly Market Update – May 2026
ZIP 85024 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$515,000
−1.9%
Median DOM (Sales)
30
0.0%
New Listings (Sales)
20
−62.3%
Median Rent
$1,807
−1.5%
Median DOM (Rental)
1
0.0%
Total Rental Listings
223
+5.7%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (25 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($899,995 median)
Sales Market Overview
Median Price
$515,000
−1.9%
Median DOM
30
0.0%
New Listings
20
−62.3%
Inventory
202
+3.6%
- Average Price: $510,786
- Median Price: $515,000
- Price Range: $15,000 – $2,150,000
- Price per Sq Ft (Avg/Median): $272 / $297
- Square Footage (Avg/Median): 1,810 / 1,697
- Square Footage Range: 643 – 4,813
- Days on Market (Avg/Median): 63 / 30
- Days on Market Range: 1 – 354
- New Listings: 20
- Total Listings: 202
Sales by Property Type
Condo
Avg/Median Price$200,000 / $200,000Range$200,000 – $200,000Price per Sq Ft$233 / $233Sq Ft859 / 859DOM33 / 33New0Total1
Land
Avg/Median Price$573,725 / $349,000Range$325,000 – $1,195,000Price per Sq Ft—Sq Ft—DOM133 / 113New0Total4
Manufactured
Avg/Median Price$94,425 / $94,900Range$15,000 – $185,000Price per Sq Ft$78 / $72Sq Ft1,189 / 1,144DOM126 / 113New2Total32
Single Family
Avg/Median Price$635,561 / $599,000Range$275,000 – $2,150,000Price per Sq Ft$313 / $310Sq Ft2,074 / 1,916DOM47 / 25New16Total140
Townhouse
Avg/Median Price$347,348 / $354,500Range$199,000 – $465,000Price per Sq Ft$298 / $306Sq Ft1,166 / 1,160DOM62 / 33New2Total25
Sales by Bedroom Count
1 Beds
Avg:$200,000Median:$200,000Range:$200,000 – $200,000PSF:$233 / $233Sq Ft:859 / 859DOM:33 / 33New:0Total:1
2 Beds
Avg:$222,083Median:$199,000Range:$15,000 – $460,000PSF:$205 / $232Sq Ft:1,079 / 1,091DOM:114 / 95New:2Total:44
3 Beds
Avg:$470,598Median:$495,000Range:$42,500 – $949,900PSF:$285 / $302Sq Ft:1,636 / 1,565DOM:47 / 27New:9Total:76
4 Beds
Avg:$676,366Median:$650,000Range:$437,000 – $1,350,000PSF:$308 / $303Sq Ft:2,241 / 2,177DOM:48 / 25New:6Total:60
5 Beds
Avg:$854,049Median:$775,000Range:$120,000 – $2,150,000PSF:$273 / $255Sq Ft:2,951 / 2,790DOM:38 / 19New:3Total:16
6 Beds
Avg:$899,995Median:$899,995Range:$899,995 – $899,995PSF:$218 / $218Sq Ft:4,135 / 4,135DOM:124 / 124New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $200,000 | $200,000 | $200,000 – $200,000 | $233 / $233 | 859 / 859 | 33 / 33 | 0 | 1 |
| 2 Beds | $222,083 | $199,000 | $15,000 – $460,000 | $205 / $232 | 1,079 / 1,091 | 114 / 95 | 2 | 44 |
| 3 Beds | $470,598 | $495,000 | $42,500 – $949,900 | $285 / $302 | 1,636 / 1,565 | 47 / 27 | 9 | 76 |
| 4 Beds | $676,366 | $650,000 | $437,000 – $1,350,000 | $308 / $303 | 2,241 / 2,177 | 48 / 25 | 6 | 60 |
| 5 Beds | $854,049 | $775,000 | $120,000 – $2,150,000 | $273 / $255 | 2,951 / 2,790 | 38 / 19 | 3 | 16 |
| 6 Beds | $899,995 | $899,995 | $899,995 – $899,995 | $218 / $218 | 4,135 / 4,135 | 124 / 124 | 0 | 1 |
Rental Market Overview
Median Rent
$1,807
−1.5%
Median DOM
1
0.0%
New Listings
82
Inventory
223
+5.7%
- Average Rent: $1,977
- Median Rent: $1,807
- Rent Range: $1,033 – $8,600
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,163 / 1,152
- Square Footage Range: 450 – 4,087
- Days on Market (Avg/Median): 22 / 1
- Days on Market Range: 1 – 343
- New Listings: 82
- Total Listings: 223
Rentals by Property Type
Apartment
$1,651
Median DOM: 1
Inventory: 143
MoM: −1.5%
Condo
$1,295
Median DOM: 12
Inventory: 1
MoM: −1.5%
Single Family
$2,349
Median DOM: 17
Inventory: 58
MoM: −1.5%
Townhouse
$1,895
Median DOM: 22
Inventory: 20
MoM: −1.5%
Apartment
Avg/Median Rent$1,697 / $1,651Range$1,033 – $4,365Rent per Sq Ft$2 / $2Sq Ft923 / 903DOM12 / 1New65Total143
Condo
Avg/Median Rent$1,295 / $1,295Range$1,295 – $1,295Rent per Sq Ft$2 / $2Sq Ft817 / 817DOM12 / 12New1Total1
Manufactured
Avg/Median Rent$1,199 / $1,199Range$1,199 – $1,199Rent per Sq Ft$2 / $2Sq Ft643 / 643DOM262 / 262New0Total1
Single Family
Avg/Median Rent$2,688 / $2,349Range$1,750 – $8,600Rent per Sq Ft$2 / $2Sq Ft1,726 / 1,585DOM43 / 17New12Total58
Townhouse
Avg/Median Rent$1,990 / $1,895Range$1,578 – $4,000Rent per Sq Ft$2 / $1Sq Ft1,278 / 1,241DOM21 / 22New4Total20
Rentals by Bedroom Count
Studio
Avg:$1,134Median:$1,078Range:$1,078 – $1,191PSF:$2 / $2Sq Ft:463 / 450DOM:162 / 1New:1Total:2
1 Beds
Avg:$1,489Median:$1,498Range:$1,033 – $1,901PSF:$2 / $2Sq Ft:736 / 745DOM:11 / 1New:30Total:64
2 Beds
Avg:$1,830Median:$1,750Range:$1,153 – $4,365PSF:$2 / $2Sq Ft:1,068 / 1,152DOM:15 / 1New:32Total:81
3 Beds
Avg:$2,313Median:$2,199Range:$1,578 – $4,000PSF:$2 / $2Sq Ft:1,461 / 1,396DOM:30 / 9New:15Total:63
4 Beds
Avg:$3,824Median:$3,500Range:$2,230 – $8,600PSF:$2 / $1Sq Ft:2,392 / 2,399DOM:61 / 17New:3Total:11
5 Beds
Avg:$3,650Median:$3,300Range:$3,300 – $4,000PSF:$1 / $1Sq Ft:3,147 / 3,063DOM:25 / 9New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,134 | $1,078 | $1,078 – $1,191 | $2 / $2 | 463 / 450 | 162 / 1 | 1 | 2 |
| 1 Beds | $1,489 | $1,498 | $1,033 – $1,901 | $2 / $2 | 736 / 745 | 11 / 1 | 30 | 64 |
| 2 Beds | $1,830 | $1,750 | $1,153 – $4,365 | $2 / $2 | 1,068 / 1,152 | 15 / 1 | 32 | 81 |
| 3 Beds | $2,313 | $2,199 | $1,578 – $4,000 | $2 / $2 | 1,461 / 1,396 | 30 / 9 | 15 | 63 |
| 4 Beds | $3,824 | $3,500 | $2,230 – $8,600 | $2 / $1 | 2,392 / 2,399 | 61 / 17 | 3 | 11 |
| 5 Beds | $3,650 | $3,300 | $3,300 – $4,000 | $1 / $1 | 3,147 / 3,063 | 25 / 9 | 1 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$439,500Median DOM:52New:25Total:170
Jan 2026
Median Price:$447,500Median DOM:46New:57Total:175
Feb 2026
Median Price:$475,000Median DOM:29New:42Total:185
Mar 2026
Median Price:$510,000Median DOM:30New:52Total:192
Apr 2026
Median Price:$525,000Median DOM:30New:53Total:195
May 2026
Median Price:$515,000Median DOM:30New:20Total:202
6-Month Rental Trend
Dec 2025
Median Rent:$2,150Median DOM:32New:29Total:100
Jan 2026
Median Rent:$2,150Median DOM:36New:24Total:101
Feb 2026
Median Rent:$1,845Median DOM:1New:79Total:153
Mar 2026
Median Rent:$1,771Median DOM:1New:121Total:196
Apr 2026
Median Rent:$1,835Median DOM:1New:118Total:211
May 2026
Median Rent:$1,807Median DOM:1New:82Total:223
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market were unchanged, signaling steady 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.
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