ZIP 85031 Housing Market Report
Phoenix Metro
Report period: May 2026
85031 Monthly Market Update – May 2026
ZIP 85031 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$312,900
−2.2%
Median DOM (Sales)
31
−6.1%
New Listings (Sales)
12
−36.8%
Median Rent
$1,274
−1.5%
Median DOM (Rental)
1
0.0%
Total Rental Listings
187
−3.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (18 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($419,900 median)
Sales Market Overview
Median Price
$312,900
−2.2%
Median DOM
31
−6.1%
New Listings
12
−36.8%
Inventory
87
−2.2%
- Average Price: $231,602
- Median Price: $312,900
- Price Range: $10,000 – $465,000
- Price per Sq Ft (Avg/Median): $192 / $199
- Square Footage (Avg/Median): 1,382 / 1,442
- Square Footage Range: 580 – 2,339
- Days on Market (Avg/Median): 73 / 31
- Days on Market Range: 2 – 316
- New Listings: 12
- Total Listings: 87
Sales by Property Type
Condo
Avg/Median Price$112,780 / $115,000Range$65,000 – $169,000Price per Sq Ft$131 / $123Sq Ft830 / 936DOM46 / 18New1Total5
Manufactured
Avg/Median Price$27,279 / $22,500Range$10,000 – $60,000Price per Sq Ft$56 / $70Sq Ft692 / 632DOM115 / 139New4Total25
Single Family
Avg/Median Price$351,840 / $350,000Range$239,000 – $465,000Price per Sq Ft$226 / $219Sq Ft1,595 / 1,624DOM56 / 23New6Total50
Townhouse
Avg/Median Price$187,356 / $199,999Range$115,000 – $216,597Price per Sq Ft$164 / $173Sq Ft1,138 / 1,159DOM83 / 34New1Total7
Sales by Bedroom Count
1 Beds
Avg:$34,998Median:$19,990Range:$10,000 – $65,000PSF:$63 / $34Sq Ft:646 / 660DOM:30 / 18New:1Total:5
2 Beds
Avg:$52,823Median:$44,000Range:$10,000 – $210,000PSF:$100 / $70Sq Ft:828 / 632DOM:110 / 139New:4Total:26
3 Beds
Avg:$293,380Median:$313,000Range:$22,500 – $395,000PSF:$232 / $228Sq Ft:1,343 / 1,313DOM:65 / 31New:4Total:24
4 Beds
Avg:$349,634Median:$359,000Range:$239,000 – $410,000PSF:$217 / $218Sq Ft:1,623 / 1,630DOM:52 / 23New:2Total:23
5 Beds
Avg:$387,299Median:$380,000Range:$320,000 – $465,000PSF:$200 / $191Sq Ft:1,951 / 1,721DOM:85 / 24New:0Total:8
6 Beds
Avg:$419,900Median:$419,900Range:$419,900 – $419,900PSF:$239 / $239Sq Ft:1,759 / 1,759DOM:3 / 3New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $34,998 | $19,990 | $10,000 – $65,000 | $63 / $34 | 646 / 660 | 30 / 18 | 1 | 5 |
| 2 Beds | $52,823 | $44,000 | $10,000 – $210,000 | $100 / $70 | 828 / 632 | 110 / 139 | 4 | 26 |
| 3 Beds | $293,380 | $313,000 | $22,500 – $395,000 | $232 / $228 | 1,343 / 1,313 | 65 / 31 | 4 | 24 |
| 4 Beds | $349,634 | $359,000 | $239,000 – $410,000 | $217 / $218 | 1,623 / 1,630 | 52 / 23 | 2 | 23 |
| 5 Beds | $387,299 | $380,000 | $320,000 – $465,000 | $200 / $191 | 1,951 / 1,721 | 85 / 24 | 0 | 8 |
| 6 Beds | $419,900 | $419,900 | $419,900 – $419,900 | $239 / $239 | 1,759 / 1,759 | 3 / 3 | 1 | 1 |
Rental Market Overview
Median Rent
$1,274
−1.5%
Median DOM
1
0.0%
New Listings
63
Inventory
187
−3.1%
- Average Rent: $1,277
- Median Rent: $1,274
- Rent Range: $709 – $2,200
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 864 / 936
- Square Footage Range: 335 – 1,874
- Days on Market (Avg/Median): 15 / 1
- Days on Market Range: 1 – 278
- New Listings: 63
- Total Listings: 187
Rentals by Property Type
Apartment
$1,210
Median DOM: 1
Inventory: 156
MoM: −1.5%
Condo
$1,150
Median DOM: 34
Inventory: 3
MoM: −1.5%
Single Family
$1,600
Median DOM: 76
Inventory: 19
MoM: −1.5%
Townhouse
$1,600
Median DOM: 53
Inventory: 3
MoM: −1.5%
Apartment
Avg/Median Rent$1,220 / $1,210Range$709 – $1,752Rent per Sq Ft$2 / $1Sq Ft824 / 936DOM5 / 1New62Total156
Condo
Avg/Median Rent$1,415 / $1,150Range$895 – $2,200Rent per Sq Ft$2 / $1Sq Ft670 / 650DOM138 / 34New0Total3
Manufactured
Avg/Median Rent$1,400 / $1,400Range$1,400 – $1,400Rent per Sq Ft$2 / $2Sq Ft632 / 632DOM92 / 92New0Total6
Single Family
Avg/Median Rent$1,618 / $1,600Range$825 – $2,195Rent per Sq Ft$1 / $1Sq Ft1,239 / 1,320DOM54 / 76New1Total19
Townhouse
Avg/Median Rent$1,698 / $1,600Range$1,500 – $1,995Rent per Sq Ft$1 / $1Sq Ft1,215 / 1,243DOM99 / 53New0Total3
Rentals by Bedroom Count
Studio
Avg:$709Median:$709Range:$709 – $709PSF:$2 / $2Sq Ft:335 / 335DOM:278 / 278New:0Total:1
1 Beds
Avg:$1,018Median:$1,010Range:$825 – $1,221PSF:$2 / $2Sq Ft:650 / 675DOM:10 / 1New:19Total:60
2 Beds
Avg:$1,316Median:$1,314Range:$1,075 – $1,603PSF:$2 / $1Sq Ft:885 / 936DOM:15 / 1New:36Total:100
3 Beds
Avg:$1,691Median:$1,642Range:$1,454 – $2,200PSF:$1 / $2Sq Ft:1,214 / 1,053DOM:17 / 1New:7Total:20
4 Beds
Avg:$1,880Median:$1,930Range:$1,700 – $2,030PSF:$1 / $1Sq Ft:1,632 / 1,678DOM:17 / 1New:1Total:5
5 Beds
Avg:$2,195Median:$2,195Range:$2,195 – $2,195PSF:$1 / $1Sq Ft:1,680 / 1,680DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $709 | $709 | $709 – $709 | $2 / $2 | 335 / 335 | 278 / 278 | 0 | 1 |
| 1 Beds | $1,018 | $1,010 | $825 – $1,221 | $2 / $2 | 650 / 675 | 10 / 1 | 19 | 60 |
| 2 Beds | $1,316 | $1,314 | $1,075 – $1,603 | $2 / $1 | 885 / 936 | 15 / 1 | 36 | 100 |
| 3 Beds | $1,691 | $1,642 | $1,454 – $2,200 | $1 / $2 | 1,214 / 1,053 | 17 / 1 | 7 | 20 |
| 4 Beds | $1,880 | $1,930 | $1,700 – $2,030 | $1 / $1 | 1,632 / 1,678 | 17 / 1 | 1 | 5 |
| 5 Beds | $2,195 | $2,195 | $2,195 – $2,195 | $1 / $1 | 1,680 / 1,680 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$284,990Median DOM:47New:24Total:97
Jan 2026
Median Price:$299,000Median DOM:44New:18Total:92
Feb 2026
Median Price:$309,900Median DOM:36New:19Total:96
Mar 2026
Median Price:$315,000Median DOM:69New:15Total:96
Apr 2026
Median Price:$320,000Median DOM:33New:19Total:89
May 2026
Median Price:$312,900Median DOM:31New:12Total:87
6-Month Rental Trend
Dec 2025
Median Rent:$1,335Median DOM:30New:8Total:29
Jan 2026
Median Rent:$1,436Median DOM:24New:15Total:36
Feb 2026
Median Rent:$1,314Median DOM:1New:91Total:118
Mar 2026
Median Rent:$1,296Median DOM:1New:122Total:166
Apr 2026
Median Rent:$1,294Median DOM:1New:111Total:193
May 2026
Median Rent:$1,274Median DOM:1New:63Total:187
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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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