ZIP 85029 Housing Market Report
Phoenix Metro
Report period: May 2026
85029 Monthly Market Update – May 2026
ZIP 85029 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$389,000
+1.2%
Median DOM (Sales)
31
+3.3%
New Listings (Sales)
19
−65.5%
Median Rent
$1,251
+0.9%
Median DOM (Rental)
1
0.0%
Total Rental Listings
380
−3.3%
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: Manufactured (9 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($549,000 median)
Sales Market Overview
Median Price
$389,000
+1.2%
Median DOM
31
+3.3%
New Listings
19
−65.5%
Inventory
204
+0.5%
- Average Price: $405,175
- Median Price: $389,000
- Price Range: $55,000 – $1,197,500
- Price per Sq Ft (Avg/Median): $257 / $257
- Square Footage (Avg/Median): 1,565 / 1,519
- Square Footage Range: 480 – 3,452
- Days on Market (Avg/Median): 64 / 31
- Days on Market Range: 2 – 359
- New Listings: 19
- Total Listings: 204
Sales by Property Type
Condo
Avg/Median Price$208,899 / $205,000Range$168,900 – $249,999Price per Sq Ft$206 / $201Sq Ft1,018 / 1,036DOM117 / 95New0Total12
Land
Avg/Median Price$375,800 / $400,000Range$179,000 – $600,000Price per Sq Ft—Sq Ft—DOM159 / 99New0Total5
Manufactured
Avg/Median Price$62,000 / $55,000Range$55,000 – $69,000Price per Sq Ft$73 / $70Sq Ft850 / 720DOM20 / 9New1Total2
Multi-Family
Avg/Median Price$505,284 / $480,000Range$399,000 – $634,000Price per Sq Ft$320 / $320Sq Ft1,983 / 1,983DOM48 / 30New0Total7
Single Family
Avg/Median Price$435,194 / $399,000Range$230,000 – $1,197,500Price per Sq Ft$264 / $263Sq Ft1,661 / 1,574DOM56 / 30New17Total160
Townhouse
Avg/Median Price$276,544 / $279,999Range$129,000 – $365,000Price per Sq Ft$249 / $252Sq Ft1,132 / 1,089DOM80 / 35New1Total18
Sales by Bedroom Count
1 Beds
Avg:$129,000Median:$129,000Range:$129,000 – $129,000PSF:$269 / $269Sq Ft:480 / 480DOM:265 / 265New:0Total:1
2 Beds
Avg:$258,420Median:$239,900Range:$55,000 – $440,000PSF:$238 / $240Sq Ft:1,069 / 1,024DOM:72 / 35New:3Total:30
3 Beds
Avg:$388,466Median:$380,500Range:$195,000 – $875,000PSF:$261 / $263Sq Ft:1,501 / 1,460DOM:57 / 30New:11Total:113
4 Beds
Avg:$523,239Median:$445,990Range:$339,900 – $1,197,500PSF:$257 / $251Sq Ft:2,032 / 1,872DOM:57 / 31New:5Total:41
5 Beds
Avg:$551,075Median:$475,000Range:$394,900 – $1,050,000PSF:$258 / $253Sq Ft:2,108 / 2,025DOM:92 / 30New:0Total:8
6 Beds
Avg:$517,600Median:$480,000Range:$445,000 – $634,000PSF:$285 / $251Sq Ft:1,878 / 1,772DOM:49 / 30New:0Total:5
8 Beds
Avg:$549,000Median:$549,000Range:$549,000 – $549,000PSF:—Sq Ft:—DOM:125 / 125New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $129,000 | $129,000 | $129,000 – $129,000 | $269 / $269 | 480 / 480 | 265 / 265 | 0 | 1 |
| 2 Beds | $258,420 | $239,900 | $55,000 – $440,000 | $238 / $240 | 1,069 / 1,024 | 72 / 35 | 3 | 30 |
| 3 Beds | $388,466 | $380,500 | $195,000 – $875,000 | $261 / $263 | 1,501 / 1,460 | 57 / 30 | 11 | 113 |
| 4 Beds | $523,239 | $445,990 | $339,900 – $1,197,500 | $257 / $251 | 2,032 / 1,872 | 57 / 31 | 5 | 41 |
| 5 Beds | $551,075 | $475,000 | $394,900 – $1,050,000 | $258 / $253 | 2,108 / 2,025 | 92 / 30 | 0 | 8 |
| 6 Beds | $517,600 | $480,000 | $445,000 – $634,000 | $285 / $251 | 1,878 / 1,772 | 49 / 30 | 0 | 5 |
| 8 Beds | $549,000 | $549,000 | $549,000 – $549,000 | — | — | 125 / 125 | 0 | 1 |
Rental Market Overview
Median Rent
$1,251
+0.9%
Median DOM
1
0.0%
New Listings
129
Inventory
380
−3.3%
- Average Rent: $1,367
- Median Rent: $1,251
- Rent Range: $585 – $6,200
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 924 / 833
- Square Footage Range: 300 – 3,610
- Days on Market (Avg/Median): 12 / 1
- Days on Market Range: 1 – 184
- New Listings: 129
- Total Listings: 380
Rentals by Property Type
Apartment
$1,170
Median DOM: 1
Inventory: 305
MoM: +0.9%
Condo
$995
Median DOM: 1
Inventory: 2
MoM: +0.9%
Single Family
$2,075
Median DOM: 12
Inventory: 61
MoM: +0.9%
Townhouse
$1,495
Median DOM: 32
Inventory: 11
MoM: +0.9%
Apartment
Avg/Median Rent$1,194 / $1,170Range$585 – $2,550Rent per Sq Ft$2 / $2Sq Ft784 / 767DOM8 / 1New117Total305
Condo
Avg/Median Rent$1,122 / $995Range$995 – $1,250Rent per Sq Ft$1 / $1Sq Ft756 / 704DOM1 / 1New0Total2
Multi-Family
Avg/Median Rent$1,200 / $1,200Range$1,200 – $1,200Rent per Sq Ft$1 / $1Sq Ft900 / 900DOM22 / 22New0Total1
Single Family
Avg/Median Rent$2,219 / $2,075Range$845 – $6,200Rent per Sq Ft$1 / $1Sq Ft1,625 / 1,566DOM27 / 12New10Total61
Townhouse
Avg/Median Rent$1,506 / $1,495Range$1,300 – $1,850Rent per Sq Ft$2 / $1Sq Ft1,013 / 1,000DOM38 / 32New2Total11
Rentals by Bedroom Count
Studio
Avg:$899Median:$799Range:$699 – $1,460PSF:$2 / $2Sq Ft:456 / 435DOM:1 / 1New:16Total:37
1 Beds
Avg:$1,104Median:$1,100Range:$727 – $1,472PSF:$2 / $2Sq Ft:668 / 688DOM:7 / 1New:39Total:112
2 Beds
Avg:$1,326Median:$1,299Range:$585 – $2,400PSF:$1 / $1Sq Ft:937 / 925DOM:13 / 1New:59Total:171
3 Beds
Avg:$1,937Median:$1,929Range:$1,325 – $2,415PSF:$1 / $1Sq Ft:1,456 / 1,428DOM:23 / 7New:11Total:39
4 Beds
Avg:$2,871Median:$2,425Range:$1,850 – $6,200PSF:$1 / $1Sq Ft:1,975 / 1,735DOM:21 / 12New:4Total:20
5 Beds
Avg:$2,750Median:$2,750Range:$2,750 – $2,750PSF:$1 / $1Sq Ft:2,600 / 2,600DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $899 | $799 | $699 – $1,460 | $2 / $2 | 456 / 435 | 1 / 1 | 16 | 37 |
| 1 Beds | $1,104 | $1,100 | $727 – $1,472 | $2 / $2 | 668 / 688 | 7 / 1 | 39 | 112 |
| 2 Beds | $1,326 | $1,299 | $585 – $2,400 | $1 / $1 | 937 / 925 | 13 / 1 | 59 | 171 |
| 3 Beds | $1,937 | $1,929 | $1,325 – $2,415 | $1 / $1 | 1,456 / 1,428 | 23 / 7 | 11 | 39 |
| 4 Beds | $2,871 | $2,425 | $1,850 – $6,200 | $1 / $1 | 1,975 / 1,735 | 21 / 12 | 4 | 20 |
| 5 Beds | $2,750 | $2,750 | $2,750 – $2,750 | $1 / $1 | 2,600 / 2,600 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$385,000Median DOM:46New:27Total:166
Jan 2026
Median Price:$380,000Median DOM:45New:42Total:169
Feb 2026
Median Price:$379,000Median DOM:29New:42Total:178
Mar 2026
Median Price:$389,000Median DOM:29New:50Total:199
Apr 2026
Median Price:$384,500Median DOM:30New:55Total:203
May 2026
Median Price:$389,000Median DOM:31New:19Total:204
6-Month Rental Trend
Dec 2025
Median Rent:$1,375Median DOM:35New:34Total:100
Jan 2026
Median Rent:$1,340Median DOM:14New:57Total:124
Feb 2026
Median Rent:$1,295Median DOM:1New:176Total:276
Mar 2026
Median Rent:$1,295Median DOM:1New:216Total:372
Apr 2026
Median Rent:$1,240Median DOM:1New:224Total:393
May 2026
Median Rent:$1,251Median DOM:1New:129Total:380
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. 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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