ZIP 85024 Housing Market Report
Phoenix Metro
Report period: August 2026
85024 Monthly Market Update – August 2026
ZIP 85024 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$509,900
+2.0%
Median DOM (Sales)
41
+10.8%
New Listings (Sales)
20
−60.8%
Median Rent
$1,895
+3.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
171
−11.9%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (20 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($724,990 median)
Sales Market Overview
Median Price
$509,900
+2.0%
Median DOM
41
+10.8%
New Listings
20
−60.8%
Inventory
193
−3.0%
- Average Price: $517,052
- Median Price: $509,900
- Price Range: $15,000 – $1,575,000
- Price per Sq Ft (Avg/Median): $277 / $298
- Square Footage (Avg/Median): 1,828 / 1,697
- Square Footage Range: 720 – 4,492
- Days on Market (Avg/Median): 64 / 41
- Days on Market Range: 2 – 339
- New Listings: 20
- Total Listings: 193
Sales by Property Type
Condo
Avg/Median Price$188,000 / $188,000Range$188,000 – $188,000Price per Sq Ft$219 / $219Sq Ft859 / 859DOM43 / 43New0Total1
Land
Avg/Median Price$364,580 / $349,000Range$299,999 – $425,900Price per Sq Ft—Sq Ft—DOM136 / 20New0Total5
Manufactured
Avg/Median Price$93,465 / $99,000Range$15,000 – $169,000Price per Sq Ft$78 / $76Sq Ft1,182 / 1,144DOM128 / 108New0Total26
Single Family
Avg/Median Price$622,553 / $579,000Range$297,000 – $1,575,000Price per Sq Ft$313 / $308Sq Ft2,025 / 1,780DOM48 / 23New20Total144
Townhouse
Avg/Median Price$335,435 / $330,000Range$181,500 – $475,000Price per Sq Ft$278 / $292Sq Ft1,204 / 1,160DOM96 / 88New0Total17
Sales by Bedroom Count
1 Beds
Avg:$307,500Median:$188,000Range:$39,500 – $695,000PSF:$191 / $219Sq Ft:1,336 / 912DOM:42 / 43New:0Total:3
2 Beds
Avg:$212,650Median:$181,500Range:$15,000 – $389,900PSF:$194 / $222Sq Ft:1,093 / 1,091DOM:104 / 91New:2Total:35
3 Beds
Avg:$458,042Median:$469,000Range:$72,500 – $855,000PSF:$288 / $302Sq Ft:1,594 / 1,552DOM:62 / 40New:5Total:74
4 Beds
Avg:$712,410Median:$645,000Range:$450,000 – $1,400,000PSF:$319 / $335Sq Ft:2,256 / 2,266DOM:47 / 14New:10Total:64
5 Beds
Avg:$842,788Median:$724,990Range:$139,900 – $1,575,000PSF:$250 / $251Sq Ft:3,258 / 3,231DOM:41 / 42New:3Total:12
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $307,500 | $188,000 | $39,500 – $695,000 | $191 / $219 | 1,336 / 912 | 42 / 43 | 0 | 3 |
| 2 Beds | $212,650 | $181,500 | $15,000 – $389,900 | $194 / $222 | 1,093 / 1,091 | 104 / 91 | 2 | 35 |
| 3 Beds | $458,042 | $469,000 | $72,500 – $855,000 | $288 / $302 | 1,594 / 1,552 | 62 / 40 | 5 | 74 |
| 4 Beds | $712,410 | $645,000 | $450,000 – $1,400,000 | $319 / $335 | 2,256 / 2,266 | 47 / 14 | 10 | 64 |
| 5 Beds | $842,788 | $724,990 | $139,900 – $1,575,000 | $250 / $251 | 3,258 / 3,231 | 41 / 42 | 3 | 12 |
Rental Market Overview
Median Rent
$1,895
+3.0%
Median DOM
1
0.0%
New Listings
41
Inventory
171
−11.9%
- Average Rent: $2,127
- Median Rent: $1,895
- Rent Range: $1,000 – $7,150
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,325 / 1,160
- Square Footage Range: 450 – 3,308
- Days on Market (Avg/Median): 31 / 1
- Days on Market Range: 1 – 364
- New Listings: 41
- Total Listings: 171
Rentals by Property Type
Apartment
$1,658
Median DOM: 1
Inventory: 87
MoM: +3.0%
Condo
$1,595
Median DOM: 52
Inventory: 3
MoM: +3.0%
Single Family
$2,400
Median DOM: 30
Inventory: 67
MoM: +3.0%
Townhouse
$1,995
Median DOM: 19
Inventory: 14
MoM: +3.0%
Apartment
Avg/Median Rent$1,694 / $1,658Range$1,000 – $4,000Rent per Sq Ft$2 / $2Sq Ft930 / 905DOM16 / 1New36Total87
Condo
Avg/Median Rent$1,513 / $1,595Range$1,095 – $1,850Rent per Sq Ft$1 / $1Sq Ft1,043 / 1,127DOM56 / 52New0Total3
Single Family
Avg/Median Rent$2,715 / $2,400Range$1,385 – $7,150Rent per Sq Ft$1 / $1Sq Ft1,872 / 1,656DOM45 / 30New4Total67
Townhouse
Avg/Median Rent$2,128 / $1,995Range$1,675 – $4,000Rent per Sq Ft$2 / $1Sq Ft1,225 / 1,178DOM47 / 19New1Total14
Rentals by Bedroom Count
Studio
Avg:$1,088Median:$1,000Range:$1,000 – $1,175PSF:$2 / $2Sq Ft:463 / 450DOM:—New:0Total:2
1 Beds
Avg:$1,529Median:$1,460Range:$1,168 – $1,946PSF:$2 / $2Sq Ft:745 / 747DOM:13 / 1New:14Total:37
2 Beds
Avg:$1,786Median:$1,725Range:$1,095 – $4,000PSF:$2 / $2Sq Ft:1,070 / 1,089DOM:26 / 1New:18Total:52
3 Beds
Avg:$2,315Median:$2,200Range:$1,385 – $4,000PSF:$2 / $2Sq Ft:1,501 / 1,442DOM:48 / 30New:7Total:56
4 Beds
Avg:$3,331Median:$3,000Range:$2,395 – $7,150PSF:$2 / $1Sq Ft:2,234 / 2,248DOM:15 / 7New:2Total:16
5 Beds
Avg:$3,626Median:$3,695Range:$3,195 – $4,000PSF:$1 / $1Sq Ft:2,797 / 2,773DOM:51 / 48New:0Total:7
6 Beds
Avg:$3,700Median:$3,700Range:$3,700 – $3,700PSF:$1 / $1Sq Ft:3,065 / 3,065DOM:90 / 90New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,088 | $1,000 | $1,000 – $1,175 | $2 / $2 | 463 / 450 | — | 0 | 2 |
| 1 Beds | $1,529 | $1,460 | $1,168 – $1,946 | $2 / $2 | 745 / 747 | 13 / 1 | 14 | 37 |
| 2 Beds | $1,786 | $1,725 | $1,095 – $4,000 | $2 / $2 | 1,070 / 1,089 | 26 / 1 | 18 | 52 |
| 3 Beds | $2,315 | $2,200 | $1,385 – $4,000 | $2 / $2 | 1,501 / 1,442 | 48 / 30 | 7 | 56 |
| 4 Beds | $3,331 | $3,000 | $2,395 – $7,150 | $2 / $1 | 2,234 / 2,248 | 15 / 7 | 2 | 16 |
| 5 Beds | $3,626 | $3,695 | $3,195 – $4,000 | $1 / $1 | 2,797 / 2,773 | 51 / 48 | 0 | 7 |
| 6 Beds | $3,700 | $3,700 | $3,700 – $3,700 | $1 / $1 | 3,065 / 3,065 | 90 / 90 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$510,000Median DOM:30New:52Total:192
Apr 2026
Median Price:$525,000Median DOM:30New:53Total:195
May 2026
Median Price:$514,900Median DOM:32New:51Total:196
Jun 2026
Median Price:$498,000Median DOM:37New:57Total:198
Jul 2026
Median Price:$499,994Median DOM:37New:51Total:199
Aug 2026
Median Price:$509,900Median DOM:41New:20Total:193
6-Month Rental Trend
Mar 2026
Median Rent:$1,771Median DOM:1New:121Total:196
Apr 2026
Median Rent:$1,835Median DOM:1New:118Total:211
May 2026
Median Rent:$1,775Median DOM:1New:136Total:234
Jun 2026
Median Rent:$1,774Median DOM:1New:103Total:227
Jul 2026
Median Rent:$1,840Median DOM:1New:67Total:194
Aug 2026
Median Rent:$1,895Median DOM:1New:41Total:171
Key Market Takeaways
Median sale prices moved higher 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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