ZIP 85028 Housing Market Report
Phoenix Metro
Report period: August 2026
85028 Monthly Market Update – August 2026
ZIP 85028 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$700,000
−0.7%
Median DOM (Sales)
42
+5.0%
New Listings (Sales)
10
−56.5%
Median Rent
$2,850
+2.3%
Median DOM (Rental)
29
−17.1%
Total Rental Listings
51
+2.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (38 DOM)
- Fastest renting: Townhouse (16 DOM)
- Strongest bedroom: 7 Beds ($1,400,000 median)
Sales Market Overview
Median Price
$700,000
−0.7%
Median DOM
42
+5.0%
New Listings
10
−56.5%
Inventory
112
+3.7%
- Average Price: $845,613
- Median Price: $700,000
- Price Range: $288,000 – $3,399,000
- Price per Sq Ft (Avg/Median): $396 / $375
- Square Footage (Avg/Median): 2,071 / 1,968
- Square Footage Range: 866 – 4,932
- Days on Market (Avg/Median): 50 / 42
- Days on Market Range: 2 – 199
- New Listings: 10
- Total Listings: 112
Sales by Property Type
Condo
Avg/Median Price$372,227 / $345,000Range$288,000 – $500,500Price per Sq Ft$373 / $375Sq Ft1,000 / 866DOM81 / 43New0Total11
Land
Avg/Median Price$850,000 / $850,000Range$850,000 – $850,000Price per Sq Ft—Sq Ft—DOM68 / 68New0Total1
Single Family
Avg/Median Price$917,164 / $749,999Range$439,000 – $3,399,000Price per Sq Ft$402 / $375Sq Ft2,219 / 2,055DOM46 / 38New10Total93
Townhouse
Avg/Median Price$638,271 / $659,000Range$475,000 – $765,000Price per Sq Ft$359 / $362Sq Ft1,783 / 1,758DOM45 / 43New0Total7
Sales by Bedroom Count
1 Beds
Avg:$327,571Median:$329,000Range:$288,000 – $349,000PSF:$377 / $380Sq Ft:869 / 866DOM:83 / 43New:0Total:7
2 Beds
Avg:$546,136Median:$529,000Range:$409,000 – $705,000PSF:$379 / $375Sq Ft:1,436 / 1,401DOM:59 / 43New:0Total:11
3 Beds
Avg:$804,985Median:$689,900Range:$450,000 – $2,950,000PSF:$397 / $376Sq Ft:1,966 / 1,901DOM:41 / 34New:4Total:47
4 Beds
Avg:$914,849Median:$840,000Range:$525,000 – $1,995,000PSF:$388 / $370Sq Ft:2,346 / 2,256DOM:51 / 42New:4Total:37
5 Beds
Avg:$1,559,312Median:$1,190,000Range:$691,500 – $3,399,000PSF:$486 / $406Sq Ft:3,030 / 2,622DOM:53 / 43New:2Total:8
7 Beds
Avg:$1,400,000Median:$1,400,000Range:$1,400,000 – $1,400,000PSF:$311 / $311Sq Ft:4,504 / 4,504DOM:3 / 3New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $327,571 | $329,000 | $288,000 – $349,000 | $377 / $380 | 869 / 866 | 83 / 43 | 0 | 7 |
| 2 Beds | $546,136 | $529,000 | $409,000 – $705,000 | $379 / $375 | 1,436 / 1,401 | 59 / 43 | 0 | 11 |
| 3 Beds | $804,985 | $689,900 | $450,000 – $2,950,000 | $397 / $376 | 1,966 / 1,901 | 41 / 34 | 4 | 47 |
| 4 Beds | $914,849 | $840,000 | $525,000 – $1,995,000 | $388 / $370 | 2,346 / 2,256 | 51 / 42 | 4 | 37 |
| 5 Beds | $1,559,312 | $1,190,000 | $691,500 – $3,399,000 | $486 / $406 | 3,030 / 2,622 | 53 / 43 | 2 | 8 |
| 7 Beds | $1,400,000 | $1,400,000 | $1,400,000 – $1,400,000 | $311 / $311 | 4,504 / 4,504 | 3 / 3 | 0 | 1 |
Rental Market Overview
Median Rent
$2,850
+2.3%
Median DOM
29
−17.1%
New Listings
8
Inventory
51
+2.0%
- Average Rent: $3,034
- Median Rent: $2,850
- Rent Range: $1,029 – $8,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,637 / 1,595
- Square Footage Range: 420 – 3,254
- Days on Market (Avg/Median): 49 / 29
- Days on Market Range: 1 – 231
- New Listings: 8
- Total Listings: 51
Rentals by Property Type
Apartment
$1,449
Median DOM: 44
Inventory: 16
MoM: +2.3%
Condo
$1,850
Median DOM: —
Inventory: 1
MoM: +2.3%
Single Family
$3,200
Median DOM: 29
Inventory: 31
MoM: +2.3%
Townhouse
$2,600
Median DOM: 16
Inventory: 3
MoM: +2.3%
Apartment
Avg/Median Rent$1,824 / $1,449Range$1,029 – $3,500Rent per Sq Ft$2 / $2Sq Ft893 / 912DOM66 / 44New2Total16
Condo
Avg/Median Rent$1,850 / $1,850Range$1,850 – $1,850Rent per Sq Ft$2 / $2Sq Ft866 / 866DOM—New0Total1
Single Family
Avg/Median Rent$3,740 / $3,200Range$2,055 – $8,500Rent per Sq Ft$2 / $2Sq Ft2,066 / 1,965DOM44 / 29New5Total31
Townhouse
Avg/Median Rent$2,582 / $2,600Range$2,450 – $2,695Rent per Sq Ft$2 / $2Sq Ft1,562 / 1,543DOM39 / 16New1Total3
Rentals by Bedroom Count
Studio
Avg:$1,184Median:$1,075Range:$1,029 – $1,449PSF:$3 / $3Sq Ft:459 / 428DOM:231 / 231New:0Total:3
1 Beds
Avg:$1,733Median:$1,850Range:$1,199 – $2,150PSF:$2 / $2Sq Ft:781 / 866DOM:7 / 7New:1Total:3
2 Beds
Avg:$2,185Median:$2,100Range:$1,300 – $3,500PSF:$2 / $2Sq Ft:1,130 / 1,115DOM:47 / 27New:1Total:14
3 Beds
Avg:$3,456Median:$3,000Range:$2,055 – $6,500PSF:$2 / $2Sq Ft:1,906 / 1,792DOM:44 / 37New:3Total:18
4 Beds
Avg:$3,744Median:$3,200Range:$2,700 – $8,500PSF:$2 / $1Sq Ft:2,206 / 2,081DOM:50 / 18New:2Total:11
5 Beds
Avg:$5,500Median:$5,500Range:$5,500 – $5,500PSF:$2 / $2Sq Ft:2,657 / 2,657DOM:24 / 24New:0Total:1
6 Beds
Avg:$6,500Median:$6,500Range:$6,500 – $6,500PSF:$2 / $2Sq Ft:3,254 / 3,254DOM:6 / 6New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,184 | $1,075 | $1,029 – $1,449 | $3 / $3 | 459 / 428 | 231 / 231 | 0 | 3 |
| 1 Beds | $1,733 | $1,850 | $1,199 – $2,150 | $2 / $2 | 781 / 866 | 7 / 7 | 1 | 3 |
| 2 Beds | $2,185 | $2,100 | $1,300 – $3,500 | $2 / $2 | 1,130 / 1,115 | 47 / 27 | 1 | 14 |
| 3 Beds | $3,456 | $3,000 | $2,055 – $6,500 | $2 / $2 | 1,906 / 1,792 | 44 / 37 | 3 | 18 |
| 4 Beds | $3,744 | $3,200 | $2,700 – $8,500 | $2 / $1 | 2,206 / 2,081 | 50 / 18 | 2 | 11 |
| 5 Beds | $5,500 | $5,500 | $5,500 – $5,500 | $2 / $2 | 2,657 / 2,657 | 24 / 24 | 0 | 1 |
| 6 Beds | $6,500 | $6,500 | $6,500 – $6,500 | $2 / $2 | 3,254 / 3,254 | 6 / 6 | 1 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$709,900Median DOM:27New:39Total:134
Apr 2026
Median Price:$719,000Median DOM:23New:35Total:118
May 2026
Median Price:$699,000Median DOM:28New:39Total:116
Jun 2026
Median Price:$705,000Median DOM:32New:34Total:114
Jul 2026
Median Price:$705,000Median DOM:40New:23Total:108
Aug 2026
Median Price:$700,000Median DOM:42New:10Total:112
6-Month Rental Trend
Mar 2026
Median Rent:$3,200Median DOM:40New:12Total:52
Apr 2026
Median Rent:$2,900Median DOM:40New:9Total:44
May 2026
Median Rent:$2,700Median DOM:25New:19Total:54
Jun 2026
Median Rent:$2,695Median DOM:31New:9Total:54
Jul 2026
Median Rent:$2,785Median DOM:35New:10Total:50
Aug 2026
Median Rent:$2,850Median DOM:29New:8Total:51
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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.
850038500485006850078500885009850128501385014850158501685017850188502085021850228502385024850278502885029850318503285033850348503585037850408504185042+11 more
← Back to Phoenix Metro