ZIP 85031 Housing Market Report
Phoenix Metro
Report period: August 2026
85031 Monthly Market Update – August 2026
ZIP 85031 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$139,900
−33.1%
Median DOM (Sales)
44
0.0%
New Listings (Sales)
4
−55.6%
Median Rent
$1,262
+4.3%
Median DOM (Rental)
11
+1000.0%
Total Rental Listings
66
−35.3%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (41 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($579,000 median)
Sales Market Overview
Median Price
$139,900
−33.1%
Median DOM
44
0.0%
New Listings
4
−55.6%
Inventory
72
−6.5%
- Average Price: $192,848
- Median Price: $139,900
- Price Range: $10,000 – $579,000
- Price per Sq Ft (Avg/Median): $173 / $182
- Square Footage (Avg/Median): 1,265 / 1,243
- Square Footage Range: 580 – 2,189
- Days on Market (Avg/Median): 98 / 44
- Days on Market Range: 6 – 342
- New Listings: 4
- Total Listings: 72
Sales by Property Type
Condo
Avg/Median Price$112,450 / $85,000Range$85,000 – $139,900Price per Sq Ft$138 / $126Sq Ft804 / 672DOM58 / 43New0Total4
Manufactured
Avg/Median Price$27,387 / $25,000Range$10,000 – $49,999Price per Sq Ft$54 / $63Sq Ft691 / 632DOM141 / 101New1Total25
Single Family
Avg/Median Price$351,487 / $345,000Range$297,000 – $579,000Price per Sq Ft$230 / $219Sq Ft1,569 / 1,567DOM88 / 41New2Total32
Townhouse
Avg/Median Price$136,636 / $124,000Range$90,000 – $209,000Price per Sq Ft$129 / $117Sq Ft1,072 / 980DOM68 / 43New1Total11
Sales by Bedroom Count
1 Beds
Avg:$43,000Median:$15,000Range:$15,000 – $85,000PSF:$75 / $26Sq Ft:646 / 660DOM:74 / 43New:0Total:5
2 Beds
Avg:$61,982Median:$44,000Range:$10,000 – $209,000PSF:$104 / $102Sq Ft:850 / 936DOM:120 / 84New:2Total:30
3 Beds
Avg:$271,400Median:$325,000Range:$25,000 – $395,000PSF:$213 / $219Sq Ft:1,368 / 1,243DOM:91 / 38New:1Total:16
4 Beds
Avg:$338,850Median:$334,900Range:$299,000 – $375,900PSF:$217 / $209Sq Ft:1,589 / 1,567DOM:72 / 41New:1Total:18
5 Beds
Avg:$394,950Median:$370,000Range:$370,000 – $419,900PSF:$210 / $200Sq Ft:1,890 / 1,680DOM:228 / 119New:0Total:2
7 Beds
Avg:$579,000Median:$579,000Range:$579,000 – $579,000PSF:$265 / $265Sq Ft:2,189 / 2,189DOM:22 / 22New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $43,000 | $15,000 | $15,000 – $85,000 | $75 / $26 | 646 / 660 | 74 / 43 | 0 | 5 |
| 2 Beds | $61,982 | $44,000 | $10,000 – $209,000 | $104 / $102 | 850 / 936 | 120 / 84 | 2 | 30 |
| 3 Beds | $271,400 | $325,000 | $25,000 – $395,000 | $213 / $219 | 1,368 / 1,243 | 91 / 38 | 1 | 16 |
| 4 Beds | $338,850 | $334,900 | $299,000 – $375,900 | $217 / $209 | 1,589 / 1,567 | 72 / 41 | 1 | 18 |
| 5 Beds | $394,950 | $370,000 | $370,000 – $419,900 | $210 / $200 | 1,890 / 1,680 | 228 / 119 | 0 | 2 |
| 7 Beds | $579,000 | $579,000 | $579,000 – $579,000 | $265 / $265 | 2,189 / 2,189 | 22 / 22 | 0 | 1 |
Rental Market Overview
Median Rent
$1,262
+4.3%
Median DOM
11
+1000.0%
New Listings
12
Inventory
66
−35.3%
- Average Rent: $1,322
- Median Rent: $1,262
- Rent Range: $699 – $2,400
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,087 / 936
- Square Footage Range: 335 – 5,315
- Days on Market (Avg/Median): 46 / 11
- Days on Market Range: 1 – 183
- New Listings: 12
- Total Listings: 66
Rentals by Property Type
Apartment
$1,175
Median DOM: 1
Inventory: 39
MoM: +4.3%
Condo
$1,075
Median DOM: 11
Inventory: 2
MoM: +4.3%
Single Family
$1,670
Median DOM: 116
Inventory: 17
MoM: +4.3%
Townhouse
$1,095
Median DOM: 32
Inventory: 4
MoM: +4.3%
Apartment
Avg/Median Rent$1,167 / $1,175Range$699 – $1,650Rent per Sq Ft$1 / $1Sq Ft960 / 936DOM12 / 1New10Total39
Condo
Avg/Median Rent$1,288 / $1,075Range$1,075 – $1,500Rent per Sq Ft$2 / $2Sq Ft835 / 690DOM50 / 11New1Total2
Manufactured
Avg/Median Rent$1,400 / $1,400Range$1,400 – $1,400Rent per Sq Ft$2 / $2Sq Ft632 / 632DOM183 / 183New0Total4
Single Family
Avg/Median Rent$1,662 / $1,670Range$790 – $2,400Rent per Sq Ft$1 / $1Sq Ft1,263 / 1,320DOM86 / 116New1Total17
Townhouse
Avg/Median Rent$1,334 / $1,095Range$1,090 – $1,600Rent per Sq Ft$1 / $1Sq Ft2,161 / 1,159DOM54 / 32New0Total4
Rentals by Bedroom Count
Studio
Avg:$704Median:$699Range:$699 – $709PSF:$2 / $2Sq Ft:335 / 335DOM:1 / 1New:0Total:2
1 Beds
Avg:$995Median:$950Range:$790 – $1,185PSF:$2 / $2Sq Ft:643 / 675DOM:34 / 1New:1Total:12
2 Beds
Avg:$1,254Median:$1,258Range:$950 – $1,500PSF:$1 / $1Sq Ft:991 / 936DOM:57 / 29New:8Total:35
3 Beds
Avg:$1,652Median:$1,600Range:$1,488 – $1,950PSF:$1 / $1Sq Ft:1,630 / 1,159DOM:34 / 16New:2Total:12
4 Beds
Avg:$2,102Median:$1,955Range:$1,855 – $2,400PSF:$1 / $1Sq Ft:1,720 / 1,697DOM:34 / 2New:1Total:4
6 Beds
Avg:$1,795Median:$1,795Range:$1,795 – $1,795PSF:$1 / $1Sq Ft:2,252 / 2,252DOM:10 / 10New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $704 | $699 | $699 – $709 | $2 / $2 | 335 / 335 | 1 / 1 | 0 | 2 |
| 1 Beds | $995 | $950 | $790 – $1,185 | $2 / $2 | 643 / 675 | 34 / 1 | 1 | 12 |
| 2 Beds | $1,254 | $1,258 | $950 – $1,500 | $1 / $1 | 991 / 936 | 57 / 29 | 8 | 35 |
| 3 Beds | $1,652 | $1,600 | $1,488 – $1,950 | $1 / $1 | 1,630 / 1,159 | 34 / 16 | 2 | 12 |
| 4 Beds | $2,102 | $1,955 | $1,855 – $2,400 | $1 / $1 | 1,720 / 1,697 | 34 / 2 | 1 | 4 |
| 6 Beds | $1,795 | $1,795 | $1,795 – $1,795 | $1 / $1 | 2,252 / 2,252 | 10 / 10 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$315,000Median DOM:69New:15Total:96
Apr 2026
Median Price:$320,000Median DOM:33New:19Total:89
May 2026
Median Price:$269,000Median DOM:29New:27Total:93
Jun 2026
Median Price:$209,000Median DOM:37New:12Total:89
Jul 2026
Median Price:$209,000Median DOM:44New:9Total:77
Aug 2026
Median Price:$139,900Median DOM:44New:4Total:72
6-Month Rental Trend
Mar 2026
Median Rent:$1,296Median DOM:1New:122Total:166
Apr 2026
Median Rent:$1,294Median DOM:1New:111Total:193
May 2026
Median Rent:$1,260Median DOM:1New:111Total:185
Jun 2026
Median Rent:$1,220Median DOM:1New:65Total:162
Jul 2026
Median Rent:$1,210Median DOM:1New:17Total:102
Aug 2026
Median Rent:$1,262Median DOM:11New:12Total:66
Key Market Takeaways
Median sale prices softened this month while inventory compressed. 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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