ZIP 85032 Housing Market Report
Phoenix Metro
Report period: May 2026
85032 Monthly Market Update – May 2026
ZIP 85032 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$430,000
+1.2%
Median DOM (Sales)
31
+3.3%
New Listings (Sales)
31
−71.6%
Median Rent
$1,600
+1.6%
Median DOM (Rental)
5
+25.0%
Total Rental Listings
547
−2.1%
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: Multi-Family (6 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($945,000 median)
Sales Market Overview
Median Price
$430,000
+1.2%
Median DOM
31
+3.3%
New Listings
31
−71.6%
Inventory
405
+0.5%
- Average Price: $473,216
- Median Price: $430,000
- Price Range: $13,000 – $2,295,000
- Price per Sq Ft (Avg/Median): $294 / $302
- Square Footage (Avg/Median): 1,513 / 1,425
- Square Footage Range: 608 – 4,270
- Days on Market (Avg/Median): 58 / 31
- Days on Market Range: 2 – 364
- New Listings: 31
- Total Listings: 405
Sales by Property Type
Condo
Avg/Median Price$241,720 / $239,000Range$95,000 – $525,000Price per Sq Ft$262 / $259Sq Ft910 / 850DOM99 / 81New0Total78
Land
Avg/Median Price$594,125 / $399,000Range$135,000 – $1,250,000Price per Sq Ft—Sq Ft—DOM114 / 87New0Total8
Manufactured
Avg/Median Price$129,313 / $72,000Range$13,000 – $390,000Price per Sq Ft$104 / $69Sq Ft1,107 / 1,024DOM84 / 34New0Total34
Multi-Family
Avg/Median Price$652,600 / $625,000Range$593,000 – $720,000Price per Sq Ft$321 / $321Sq Ft2,244 / 2,244DOM27 / 6New2Total5
Single Family
Avg/Median Price$630,046 / $549,000Range$175,000 – $2,295,000Price per Sq Ft$339 / $332Sq Ft1,844 / 1,727DOM41 / 25New26Total231
Townhouse
Avg/Median Price$302,957 / $305,000Range$178,000 – $469,500Price per Sq Ft$259 / $245Sq Ft1,181 / 1,172DOM60 / 33New3Total49
Sales by Bedroom Count
1 Beds
Avg:$209,800Median:$219,999Range:$13,000 – $315,000PSF:$253 / $271Sq Ft:823 / 850DOM:111 / 81New:0Total:46
2 Beds
Avg:$245,743Median:$255,000Range:$19,999 – $548,000PSF:$229 / $241Sq Ft:1,053 / 1,000DOM:78 / 34New:4Total:96
3 Beds
Avg:$494,365Median:$475,000Range:$67,000 – $898,900PSF:$313 / $319Sq Ft:1,574 / 1,539DOM:36 / 25New:17Total:168
4 Beds
Avg:$771,859Median:$699,999Range:$339,800 – $2,099,000PSF:$350 / $336Sq Ft:2,175 / 2,028DOM:45 / 24New:7Total:67
5 Beds
Avg:$946,889Median:$945,000Range:$499,000 – $1,740,000PSF:$344 / $293Sq Ft:2,827 / 2,921DOM:89 / 88New:1Total:14
6 Beds
Avg:$747,500Median:$720,000Range:$720,000 – $775,000PSF:$295 / $269Sq Ft:2,562 / 2,244DOM:16 / 5New:1Total:2
8 Beds
Avg:$1,034,500Median:$625,000Range:$593,000 – $2,295,000PSF:$617 / $617Sq Ft:3,720 / 3,720DOM:76 / 70New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $209,800 | $219,999 | $13,000 – $315,000 | $253 / $271 | 823 / 850 | 111 / 81 | 0 | 46 |
| 2 Beds | $245,743 | $255,000 | $19,999 – $548,000 | $229 / $241 | 1,053 / 1,000 | 78 / 34 | 4 | 96 |
| 3 Beds | $494,365 | $475,000 | $67,000 – $898,900 | $313 / $319 | 1,574 / 1,539 | 36 / 25 | 17 | 168 |
| 4 Beds | $771,859 | $699,999 | $339,800 – $2,099,000 | $350 / $336 | 2,175 / 2,028 | 45 / 24 | 7 | 67 |
| 5 Beds | $946,889 | $945,000 | $499,000 – $1,740,000 | $344 / $293 | 2,827 / 2,921 | 89 / 88 | 1 | 14 |
| 6 Beds | $747,500 | $720,000 | $720,000 – $775,000 | $295 / $269 | 2,562 / 2,244 | 16 / 5 | 1 | 2 |
| 8 Beds | $1,034,500 | $625,000 | $593,000 – $2,295,000 | $617 / $617 | 3,720 / 3,720 | 76 / 70 | 1 | 4 |
Rental Market Overview
Median Rent
$1,600
+1.6%
Median DOM
5
+25.0%
New Listings
116
Inventory
547
−2.1%
- Average Rent: $1,840
- Median Rent: $1,600
- Rent Range: $728 – $8,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,079 / 968
- Square Footage Range: 320 – 7,561
- Days on Market (Avg/Median): 37 / 5
- Days on Market Range: 1 – 362
- New Listings: 116
- Total Listings: 547
Rentals by Property Type
Apartment
$1,454
Median DOM: 1
Inventory: 337
MoM: +1.6%
Condo
$1,400
Median DOM: 33
Inventory: 18
MoM: +1.6%
Single Family
$2,435
Median DOM: 18
Inventory: 154
MoM: +1.6%
Townhouse
$1,725
Median DOM: 59
Inventory: 36
MoM: +1.6%
Apartment
Avg/Median Rent$1,530 / $1,454Range$728 – $5,995Rent per Sq Ft$2 / $2Sq Ft819 / 810DOM32 / 1New88Total337
Condo
Avg/Median Rent$1,614 / $1,400Range$949 – $2,644Rent per Sq Ft$2 / $1Sq Ft1,004 / 1,000DOM40 / 33New0Total18
Manufactured
Avg/Median Rent$1,400 / $1,400Range$1,400 – $1,400Rent per Sq Ft$1 / $1Sq Ft1,456 / 1,456DOM24 / 24New0Total1
Multi-Family
Avg/Median Rent$1,675 / $1,675Range$1,675 – $1,675Rent per Sq Ft$2 / $2Sq Ft1,000 / 1,000DOM57 / 57New0Total1
Single Family
Avg/Median Rent$2,546 / $2,435Range$799 – $8,000Rent per Sq Ft$2 / $2Sq Ft1,568 / 1,546DOM33 / 18New23Total154
Townhouse
Avg/Median Rent$1,842 / $1,725Range$895 – $3,500Rent per Sq Ft$1 / $1Sq Ft1,445 / 1,254DOM85 / 59New5Total36
Rentals by Bedroom Count
Studio
Avg:$892Median:$800Range:$728 – $1,175PSF:$2 / $3Sq Ft:412 / 448DOM:44 / 43New:1Total:7
1 Beds
Avg:$1,428Median:$1,395Range:$799 – $3,900PSF:$2 / $2Sq Ft:737 / 700DOM:27 / 1New:57Total:190
2 Beds
Avg:$1,634Median:$1,515Range:$799 – $5,995PSF:$2 / $2Sq Ft:980 / 980DOM:38 / 1New:38Total:187
3 Beds
Avg:$2,419Median:$2,350Range:$1,167 – $7,500PSF:$2 / $2Sq Ft:1,500 / 1,490DOM:42 / 19New:16Total:125
4 Beds
Avg:$3,133Median:$2,895Range:$1,810 – $8,000PSF:$2 / $2Sq Ft:1,985 / 1,827DOM:53 / 44New:4Total:37
5 Beds
Avg:$4,800Median:$4,800Range:$4,800 – $4,800PSF:$1 / $1Sq Ft:3,301 / 3,301DOM:17 / 17New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $892 | $800 | $728 – $1,175 | $2 / $3 | 412 / 448 | 44 / 43 | 1 | 7 |
| 1 Beds | $1,428 | $1,395 | $799 – $3,900 | $2 / $2 | 737 / 700 | 27 / 1 | 57 | 190 |
| 2 Beds | $1,634 | $1,515 | $799 – $5,995 | $2 / $2 | 980 / 980 | 38 / 1 | 38 | 187 |
| 3 Beds | $2,419 | $2,350 | $1,167 – $7,500 | $2 / $2 | 1,500 / 1,490 | 42 / 19 | 16 | 125 |
| 4 Beds | $3,133 | $2,895 | $1,810 – $8,000 | $2 / $2 | 1,985 / 1,827 | 53 / 44 | 4 | 37 |
| 5 Beds | $4,800 | $4,800 | $4,800 – $4,800 | $1 / $1 | 3,301 / 3,301 | 17 / 17 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$419,000Median DOM:50New:55Total:356
Jan 2026
Median Price:$419,900Median DOM:44New:89Total:350
Feb 2026
Median Price:$420,000Median DOM:29New:68Total:333
Mar 2026
Median Price:$419,000Median DOM:30New:112Total:378
Apr 2026
Median Price:$425,000Median DOM:30New:109Total:403
May 2026
Median Price:$430,000Median DOM:31New:31Total:405
6-Month Rental Trend
Dec 2025
Median Rent:$1,750Median DOM:51New:55Total:276
Jan 2026
Median Rent:$1,700Median DOM:44New:64Total:286
Feb 2026
Median Rent:$1,628Median DOM:14New:192Total:414
Mar 2026
Median Rent:$1,622Median DOM:2New:226Total:515
Apr 2026
Median Rent:$1,575Median DOM:4New:239Total:559
May 2026
Median Rent:$1,600Median DOM:5New:116Total:547
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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