ZIP 85027 Housing Market Report
Phoenix Metro
Report period: May 2026
85027 Monthly Market Update – May 2026
ZIP 85027 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$320,000
+12.3%
Median DOM (Sales)
31
0.0%
New Listings (Sales)
14
−66.7%
Median Rent
$1,478
+0.7%
Median DOM (Rental)
1
0.0%
Total Rental Listings
583
−4.4%
Month-over-Month Movement
Median sale prices moved higher. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (20 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($1,035,000 median)
Sales Market Overview
Median Price
$320,000
+12.3%
Median DOM
31
0.0%
New Listings
14
−66.7%
Inventory
195
+1.0%
- Average Price: $336,352
- Median Price: $320,000
- Price Range: $19,900 – $6,000,000
- Price per Sq Ft (Avg/Median): $234 / $260
- Square Footage (Avg/Median): 1,299 / 1,235
- Square Footage Range: 600 – 3,175
- Days on Market (Avg/Median): 59 / 31
- Days on Market Range: 2 – 270
- New Listings: 14
- Total Listings: 195
Sales by Property Type
Condo
Avg/Median Price$212,429 / $214,000Range$130,000 – $275,000Price per Sq Ft$262 / $259Sq Ft820 / 768DOM83 / 73New0Total26
Land
Avg/Median Price$1,498,000 / $600,000Range$115,000 – $6,000,000Price per Sq Ft—Sq Ft—DOM63 / 73New0Total5
Manufactured
Avg/Median Price$61,078 / $59,000Range$19,900 – $100,000Price per Sq Ft$52 / $50Sq Ft1,175 / 1,152DOM105 / 106New0Total32
Multi-Family
Avg/Median Price$699,900 / $699,900Range$699,900 – $699,900Price per Sq Ft—Sq Ft—DOM113 / 113New0Total1
Single Family
Avg/Median Price$432,393 / $415,000Range$265,000 – $1,035,000Price per Sq Ft$282 / $280Sq Ft1,570 / 1,444DOM31 / 20New12Total92
Townhouse
Avg/Median Price$260,023 / $250,000Range$185,000 – $375,000Price per Sq Ft$251 / $259Sq Ft1,082 / 994DOM74 / 34New2Total39
Sales by Bedroom Count
1 Beds
Avg:$188,779Median:$180,000Range:$130,000 – $255,000PSF:$283 / $284Sq Ft:668 / 658DOM:58 / 31New:0Total:14
2 Beds
Avg:$210,611Median:$240,000Range:$19,900 – $699,900PSF:$205 / $241Sq Ft:1,028 / 994DOM:85 / 71New:2Total:75
3 Beds
Avg:$357,529Median:$390,000Range:$28,000 – $615,000PSF:$250 / $274Sq Ft:1,445 / 1,395DOM:41 / 26New:8Total:73
4 Beds
Avg:$463,896Median:$465,000Range:$35,000 – $649,900PSF:$243 / $252Sq Ft:1,908 / 1,842DOM:38 / 27New:3Total:27
5 Beds
Avg:$1,035,000Median:$1,035,000Range:$1,035,000 – $1,035,000PSF:$326 / $326Sq Ft:3,175 / 3,175DOM:8 / 8New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $188,779 | $180,000 | $130,000 – $255,000 | $283 / $284 | 668 / 658 | 58 / 31 | 0 | 14 |
| 2 Beds | $210,611 | $240,000 | $19,900 – $699,900 | $205 / $241 | 1,028 / 994 | 85 / 71 | 2 | 75 |
| 3 Beds | $357,529 | $390,000 | $28,000 – $615,000 | $250 / $274 | 1,445 / 1,395 | 41 / 26 | 8 | 73 |
| 4 Beds | $463,896 | $465,000 | $35,000 – $649,900 | $243 / $252 | 1,908 / 1,842 | 38 / 27 | 3 | 27 |
| 5 Beds | $1,035,000 | $1,035,000 | $1,035,000 – $1,035,000 | $326 / $326 | 3,175 / 3,175 | 8 / 8 | 1 | 1 |
Rental Market Overview
Median Rent
$1,478
+0.7%
Median DOM
1
0.0%
New Listings
165
Inventory
583
−4.4%
- Average Rent: $1,508
- Median Rent: $1,478
- Rent Range: $770 – $3,995
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 932 / 860
- Square Footage Range: 390 – 3,507
- Days on Market (Avg/Median): 10 / 1
- Days on Market Range: 1 – 352
- New Listings: 165
- Total Listings: 583
Rentals by Property Type
Apartment
$1,385
Median DOM: 1
Inventory: 482
MoM: +0.7%
Condo
$1,400
Median DOM: 14
Inventory: 5
MoM: +0.7%
Single Family
$2,070
Median DOM: 11
Inventory: 80
MoM: +0.7%
Townhouse
$1,595
Median DOM: 31
Inventory: 16
MoM: +0.7%
Apartment
Avg/Median Rent$1,389 / $1,385Range$770 – $2,149Rent per Sq Ft$2 / $2Sq Ft831 / 814DOM6 / 1New147Total482
Condo
Avg/Median Rent$1,534 / $1,400Range$1,200 – $1,950Rent per Sq Ft$2 / $2Sq Ft1,019 / 994DOM18 / 14New1Total5
Single Family
Avg/Median Rent$2,175 / $2,070Range$1,301 – $3,995Rent per Sq Ft$2 / $1Sq Ft1,487 / 1,421DOM25 / 11New16Total80
Townhouse
Avg/Median Rent$1,739 / $1,595Range$1,400 – $2,600Rent per Sq Ft$2 / $1Sq Ft1,169 / 1,067DOM56 / 31New1Total16
Rentals by Bedroom Count
Studio
Avg:$1,096Median:$999Range:$819 – $1,465PSF:$2 / $2Sq Ft:499 / 413DOM:18 / 1New:3Total:18
1 Beds
Avg:$1,270Median:$1,220Range:$770 – $2,149PSF:$2 / $2Sq Ft:685 / 717DOM:5 / 1New:73Total:214
2 Beds
Avg:$1,491Median:$1,468Range:$984 – $2,600PSF:$2 / $2Sq Ft:947 / 931DOM:8 / 1New:64Total:233
3 Beds
Avg:$1,959Median:$1,947Range:$1,301 – $3,995PSF:$2 / $1Sq Ft:1,322 / 1,293DOM:17 / 1New:24Total:99
4 Beds
Avg:$2,398Median:$2,355Range:$1,890 – $3,295PSF:$1 / $1Sq Ft:1,781 / 1,626DOM:40 / 35New:1Total:17
5 Beds
Avg:$2,724Median:$2,300Range:$2,300 – $3,149PSF:$1 / $1Sq Ft:2,810 / 2,114DOM:25 / 2New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,096 | $999 | $819 – $1,465 | $2 / $2 | 499 / 413 | 18 / 1 | 3 | 18 |
| 1 Beds | $1,270 | $1,220 | $770 – $2,149 | $2 / $2 | 685 / 717 | 5 / 1 | 73 | 214 |
| 2 Beds | $1,491 | $1,468 | $984 – $2,600 | $2 / $2 | 947 / 931 | 8 / 1 | 64 | 233 |
| 3 Beds | $1,959 | $1,947 | $1,301 – $3,995 | $2 / $1 | 1,322 / 1,293 | 17 / 1 | 24 | 99 |
| 4 Beds | $2,398 | $2,355 | $1,890 – $3,295 | $1 / $1 | 1,781 / 1,626 | 40 / 35 | 1 | 17 |
| 5 Beds | $2,724 | $2,300 | $2,300 – $3,149 | $1 / $1 | 2,810 / 2,114 | 25 / 2 | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$308,900Median DOM:81New:24Total:171
Jan 2026
Median Price:$296,000Median DOM:47New:54Total:182
Feb 2026
Median Price:$295,000Median DOM:29New:46Total:191
Mar 2026
Median Price:$299,900Median DOM:30New:51Total:202
Apr 2026
Median Price:$285,000Median DOM:31New:42Total:193
May 2026
Median Price:$320,000Median DOM:31New:14Total:195
6-Month Rental Trend
Dec 2025
Median Rent:$1,675Median DOM:23New:50Total:136
Jan 2026
Median Rent:$1,625Median DOM:11New:57Total:161
Feb 2026
Median Rent:$1,524Median DOM:1New:350Total:447
Mar 2026
Median Rent:$1,479Median DOM:1New:409Total:594
Apr 2026
Median Rent:$1,467Median DOM:1New:358Total:610
May 2026
Median Rent:$1,478Median DOM:1New:165Total:583
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market were unchanged, signaling steady 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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