ZIP 85028 Housing Market Report
Phoenix Metro
Report period: May 2026
85028 Monthly Market Update – May 2026
ZIP 85028 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$719,000
0.0%
Median DOM (Sales)
23
0.0%
New Listings (Sales)
15
−57.1%
Median Rent
$2,950
+1.7%
Median DOM (Rental)
35
−12.5%
Total Rental Listings
51
+15.9%
Month-over-Month Movement
Median sale prices were flat. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (21 DOM)
- Fastest renting: Townhouse (4 DOM)
- Strongest bedroom: 6 Beds ($5,170,000 median)
Sales Market Overview
Median Price
$719,000
0.0%
Median DOM
23
0.0%
New Listings
15
−57.1%
Inventory
121
+2.5%
- Average Price: $946,161
- Median Price: $719,000
- Price Range: $280,000 – $5,170,000
- Price per Sq Ft (Avg/Median): $410 / $388
- Square Footage (Avg/Median): 2,159 / 1,993
- Square Footage Range: 866 – 6,586
- Days on Market (Avg/Median): 35 / 23
- Days on Market Range: 2 – 206
- New Listings: 15
- Total Listings: 121
Sales by Property Type
Condo
Avg/Median Price$367,843 / $349,900Range$280,000 – $445,000Price per Sq Ft$371 / $380Sq Ft994 / 866DOM81 / 76New0Total7
Single Family
Avg/Median Price$1,026,671 / $759,900Range$498,000 – $5,170,000Price per Sq Ft$419 / $390Sq Ft2,290 / 2,065DOM29 / 21New12Total101
Townhouse
Avg/Median Price$632,058 / $649,950Range$415,000 – $799,000Price per Sq Ft$360 / $374Sq Ft1,763 / 1,758DOM59 / 30New3Total13
Sales by Bedroom Count
1 Beds
Avg:$325,975Median:$329,000Range:$280,000 – $349,900PSF:$376 / $380Sq Ft:866 / 866DOM:59 / 34New:0Total:4
2 Beds
Avg:$581,654Median:$599,000Range:$409,000 – $750,000PSF:$378 / $373Sq Ft:1,530 / 1,481DOM:65 / 31New:2Total:12
3 Beds
Avg:$696,349Median:$649,900Range:$415,000 – $1,499,900PSF:$371 / $380Sq Ft:1,877 / 1,850DOM:36 / 25New:2Total:47
4 Beds
Avg:$1,134,465Median:$825,000Range:$575,000 – $4,700,000PSF:$430 / $407Sq Ft:2,481 / 2,294DOM:25 / 20New:10Total:48
5 Beds
Avg:$1,538,778Median:$1,250,000Range:$790,000 – $3,399,000PSF:$519 / $414Sq Ft:2,879 / 2,911DOM:19 / 16New:1Total:9
6 Beds
Avg:$5,170,000Median:$5,170,000Range:$5,170,000 – $5,170,000PSF:$834 / $834Sq Ft:6,199 / 6,199DOM:141 / 141New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $325,975 | $329,000 | $280,000 – $349,900 | $376 / $380 | 866 / 866 | 59 / 34 | 0 | 4 |
| 2 Beds | $581,654 | $599,000 | $409,000 – $750,000 | $378 / $373 | 1,530 / 1,481 | 65 / 31 | 2 | 12 |
| 3 Beds | $696,349 | $649,900 | $415,000 – $1,499,900 | $371 / $380 | 1,877 / 1,850 | 36 / 25 | 2 | 47 |
| 4 Beds | $1,134,465 | $825,000 | $575,000 – $4,700,000 | $430 / $407 | 2,481 / 2,294 | 25 / 20 | 10 | 48 |
| 5 Beds | $1,538,778 | $1,250,000 | $790,000 – $3,399,000 | $519 / $414 | 2,879 / 2,911 | 19 / 16 | 1 | 9 |
| 6 Beds | $5,170,000 | $5,170,000 | $5,170,000 – $5,170,000 | $834 / $834 | 6,199 / 6,199 | 141 / 141 | 0 | 1 |
Rental Market Overview
Median Rent
$2,950
+1.7%
Median DOM
35
−12.5%
New Listings
8
Inventory
51
+15.9%
- Average Rent: $3,273
- Median Rent: $2,950
- Rent Range: $999 – $8,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,734 / 1,613
- Square Footage Range: 420 – 4,466
- Days on Market (Avg/Median): 80 / 35
- Days on Market Range: 1 – 356
- New Listings: 8
- Total Listings: 51
Rentals by Property Type
Apartment
$1,350
Median DOM: 274
Inventory: 13
MoM: +1.7%
Condo
—
Median DOM: —
Inventory: —
MoM: +1.7%
Single Family
$3,195
Median DOM: 22
Inventory: 37
MoM: +1.7%
Townhouse
$2,695
Median DOM: 4
Inventory: 1
MoM: +1.7%
Apartment
Avg/Median Rent$2,041 / $1,350Range$999 – $5,902Rent per Sq Ft$2 / $2Sq Ft808 / 770DOM234 / 274New0Total13
Single Family
Avg/Median Rent$3,721 / $3,195Range$1,500 – $8,500Rent per Sq Ft$2 / $2Sq Ft2,044 / 1,881DOM44 / 22New7Total37
Townhouse
Avg/Median Rent$2,695 / $2,695Range$2,695 – $2,695Rent per Sq Ft$2 / $2Sq Ft1,370 / 1,370DOM4 / 4New1Total1
Rentals by Bedroom Count
Studio
Avg:$1,136Median:$1,049Range:$999 – $1,449PSF:$2 / $2Sq Ft:454 / 425DOM:256 / 274New:0Total:4
1 Beds
Avg:$1,375Median:$1,250Range:$1,250 – $1,500PSF:$3 / $2Sq Ft:555 / 500DOM:49 / 49New:0Total:2
2 Beds
Avg:$2,703Median:$2,300Range:$1,300 – $6,999PSF:$2 / $2Sq Ft:1,226 / 1,234DOM:187 / 181New:1Total:10
3 Beds
Avg:$3,260Median:$2,695Range:$1,800 – $8,500PSF:$2 / $2Sq Ft:1,832 / 1,680DOM:28 / 14New:6Total:20
4 Beds
Avg:$4,222Median:$3,750Range:$2,100 – $8,500PSF:$2 / $2Sq Ft:2,283 / 2,186DOM:42 / 22New:1Total:13
5 Beds
Avg:$6,250Median:$5,000Range:$5,000 – $7,500PSF:$2 / $2Sq Ft:3,514 / 2,562DOM:148 / 16New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,136 | $1,049 | $999 – $1,449 | $2 / $2 | 454 / 425 | 256 / 274 | 0 | 4 |
| 1 Beds | $1,375 | $1,250 | $1,250 – $1,500 | $3 / $2 | 555 / 500 | 49 / 49 | 0 | 2 |
| 2 Beds | $2,703 | $2,300 | $1,300 – $6,999 | $2 / $2 | 1,226 / 1,234 | 187 / 181 | 1 | 10 |
| 3 Beds | $3,260 | $2,695 | $1,800 – $8,500 | $2 / $2 | 1,832 / 1,680 | 28 / 14 | 6 | 20 |
| 4 Beds | $4,222 | $3,750 | $2,100 – $8,500 | $2 / $2 | 2,283 / 2,186 | 42 / 22 | 1 | 13 |
| 5 Beds | $6,250 | $5,000 | $5,000 – $7,500 | $2 / $2 | 3,514 / 2,562 | 148 / 16 | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$729,000Median DOM:46New:21Total:120
Jan 2026
Median Price:$699,990Median DOM:30New:40Total:125
Feb 2026
Median Price:$698,000Median DOM:27New:33Total:127
Mar 2026
Median Price:$709,900Median DOM:27New:39Total:134
Apr 2026
Median Price:$719,000Median DOM:23New:35Total:118
May 2026
Median Price:$719,000Median DOM:23New:15Total:121
6-Month Rental Trend
Dec 2025
Median Rent:$3,095Median DOM:62New:3Total:52
Jan 2026
Median Rent:$3,100Median DOM:92New:2Total:48
Feb 2026
Median Rent:$3,200Median DOM:99New:9Total:48
Mar 2026
Median Rent:$3,200Median DOM:40New:12Total:52
Apr 2026
Median Rent:$2,900Median DOM:40New:9Total:44
May 2026
Median Rent:$2,950Median DOM:35New:8Total:51
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market were unchanged, signaling steady 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.
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