ZIP 85037 Housing Market Report
Phoenix Metro
Report period: August 2026
85037 Monthly Market Update – August 2026
ZIP 85037 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$424,990
−0.0%
Median DOM (Sales)
9
+28.6%
New Listings (Sales)
75
−45.3%
Median Rent
$1,803
+1.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
294
−14.5%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (6 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($499,490 median)
Sales Market Overview
Median Price
$424,990
−0.0%
Median DOM
9
+28.6%
New Listings
75
−45.3%
Inventory
312
−0.3%
- Average Price: $421,609
- Median Price: $424,990
- Price Range: $185,000 – $724,490
- Price per Sq Ft (Avg/Median): $248 / $244
- Square Footage (Avg/Median): 1,764 / 1,662
- Square Footage Range: 802 – 4,039
- Days on Market (Avg/Median): 39 / 9
- Days on Market Range: 1 – 331
- New Listings: 75
- Total Listings: 312
Sales by Property Type
Condo
Avg/Median Price$234,329 / $239,900Range$190,000 – $278,900Price per Sq Ft$243 / $243Sq Ft967 / 1,037DOM130 / 83New0Total7
Land
Avg/Median Price$189,900 / $189,900Range$189,900 – $189,900Price per Sq Ft—Sq Ft—DOM74 / 74New0Total1
Single Family
Avg/Median Price$436,309 / $434,240Range$225,000 – $724,490Price per Sq Ft$249 / $247Sq Ft1,820 / 1,738DOM35 / 6New75Total289
Townhouse
Avg/Median Price$241,220 / $229,900Range$185,000 – $325,000Price per Sq Ft$227 / $230Sq Ft1,071 / 1,088DOM76 / 42New0Total15
Sales by Bedroom Count
1 Beds
Avg:$202,500Median:$195,000Range:$195,000 – $210,000PSF:$252 / $243Sq Ft:802 / 802DOM:115 / 34New:0Total:2
2 Beds
Avg:$270,335Median:$264,000Range:$185,000 – $365,940PSF:$254 / $237Sq Ft:1,082 / 1,037DOM:80 / 42New:2Total:29
3 Beds
Avg:$391,538Median:$388,240Range:$225,000 – $679,999PSF:$268 / $271Sq Ft:1,490 / 1,402DOM:33 / 7New:36Total:132
4 Beds
Avg:$480,259Median:$470,240Range:$299,000 – $724,490PSF:$235 / $235Sq Ft:2,073 / 2,026DOM:35 / 6New:28Total:114
5 Beds
Avg:$487,672Median:$499,490Range:$359,900 – $549,999PSF:$208 / $208Sq Ft:2,393 / 2,233DOM:26 / 6New:9Total:31
6 Beds
Avg:$553,495Median:$499,490Range:$499,490 – $607,500PSF:$173 / $150Sq Ft:3,292 / 2,546DOM:40 / 5New:0Total:2
8 Beds
Avg:$449,900Median:$449,900Range:$449,900 – $449,900PSF:$225 / $225Sq Ft:2,000 / 2,000DOM:201 / 201New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $202,500 | $195,000 | $195,000 – $210,000 | $252 / $243 | 802 / 802 | 115 / 34 | 0 | 2 |
| 2 Beds | $270,335 | $264,000 | $185,000 – $365,940 | $254 / $237 | 1,082 / 1,037 | 80 / 42 | 2 | 29 |
| 3 Beds | $391,538 | $388,240 | $225,000 – $679,999 | $268 / $271 | 1,490 / 1,402 | 33 / 7 | 36 | 132 |
| 4 Beds | $480,259 | $470,240 | $299,000 – $724,490 | $235 / $235 | 2,073 / 2,026 | 35 / 6 | 28 | 114 |
| 5 Beds | $487,672 | $499,490 | $359,900 – $549,999 | $208 / $208 | 2,393 / 2,233 | 26 / 6 | 9 | 31 |
| 6 Beds | $553,495 | $499,490 | $499,490 – $607,500 | $173 / $150 | 3,292 / 2,546 | 40 / 5 | 0 | 2 |
| 8 Beds | $449,900 | $449,900 | $449,900 – $449,900 | $225 / $225 | 2,000 / 2,000 | 201 / 201 | 0 | 1 |
Rental Market Overview
Median Rent
$1,803
+1.6%
Median DOM
1
0.0%
New Listings
67
Inventory
294
−14.5%
- Average Rent: $1,947
- Median Rent: $1,803
- Rent Range: $1,100 – $10,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,358 / 1,228
- Square Footage Range: 637 – 4,040
- Days on Market (Avg/Median): 26 / 1
- Days on Market Range: 1 – 354
- New Listings: 67
- Total Listings: 294
Rentals by Property Type
Apartment
$1,565
Median DOM: 1
Inventory: 145
MoM: +1.6%
Condo
$2,600
Median DOM: 7
Inventory: 1
MoM: +1.6%
Single Family
$2,079
Median DOM: 26
Inventory: 139
MoM: +1.6%
Townhouse
$1,598
Median DOM: 57
Inventory: 9
MoM: +1.6%
Apartment
Avg/Median Rent$1,615 / $1,565Range$1,175 – $2,348Rent per Sq Ft$2 / $2Sq Ft968 / 882DOM10 / 1New52Total145
Condo
Avg/Median Rent$2,600 / $2,600Range$2,600 – $2,600Rent per Sq Ft—Sq Ft—DOM7 / 7New1Total1
Single Family
Avg/Median Rent$2,307 / $2,079Range$1,450 – $10,000Rent per Sq Ft$1 / $1Sq Ft1,790 / 1,651DOM40 / 26New13Total139
Townhouse
Avg/Median Rent$1,671 / $1,598Range$1,100 – $2,400Rent per Sq Ft$2 / $1Sq Ft1,057 / 1,037DOM96 / 57New1Total9
Rentals by Bedroom Count
1 Beds
Avg:$1,464Median:$1,445Range:$1,175 – $2,400PSF:$2 / $2Sq Ft:770 / 777DOM:25 / 1New:23Total:76
2 Beds
Avg:$1,656Median:$1,715Range:$1,100 – $2,600PSF:$2 / $2Sq Ft:1,095 / 1,113DOM:11 / 1New:21Total:63
3 Beds
Avg:$2,163Median:$1,960Range:$1,450 – $10,000PSF:$1 / $1Sq Ft:1,472 / 1,396DOM:34 / 12New:16Total:92
4 Beds
Avg:$2,470Median:$2,270Range:$1,799 – $7,500PSF:$1 / $1Sq Ft:2,048 / 1,985DOM:33 / 20New:7Total:55
5 Beds
Avg:$2,748Median:$2,800Range:$2,285 – $2,960PSF:$1 / $1Sq Ft:2,910 / 2,221DOM:30 / 25New:0Total:7
6 Beds
Avg:$2,790Median:$2,790Range:$2,790 – $2,790PSF:$1 / $1Sq Ft:2,440 / 2,440DOM:—New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,464 | $1,445 | $1,175 – $2,400 | $2 / $2 | 770 / 777 | 25 / 1 | 23 | 76 |
| 2 Beds | $1,656 | $1,715 | $1,100 – $2,600 | $2 / $2 | 1,095 / 1,113 | 11 / 1 | 21 | 63 |
| 3 Beds | $2,163 | $1,960 | $1,450 – $10,000 | $1 / $1 | 1,472 / 1,396 | 34 / 12 | 16 | 92 |
| 4 Beds | $2,470 | $2,270 | $1,799 – $7,500 | $1 / $1 | 2,048 / 1,985 | 33 / 20 | 7 | 55 |
| 5 Beds | $2,748 | $2,800 | $2,285 – $2,960 | $1 / $1 | 2,910 / 2,221 | 30 / 25 | 0 | 7 |
| 6 Beds | $2,790 | $2,790 | $2,790 – $2,790 | $1 / $1 | 2,440 / 2,440 | — | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$403,490Median DOM:8New:129Total:322
Apr 2026
Median Price:$413,240Median DOM:6New:144Total:326
May 2026
Median Price:$415,000Median DOM:8New:114Total:308
Jun 2026
Median Price:$414,900Median DOM:15New:112Total:296
Jul 2026
Median Price:$425,000Median DOM:7New:137Total:313
Aug 2026
Median Price:$424,990Median DOM:9New:75Total:312
6-Month Rental Trend
Mar 2026
Median Rent:$1,725Median DOM:1New:307Total:490
Apr 2026
Median Rent:$1,725Median DOM:1New:276Total:489
May 2026
Median Rent:$1,720Median DOM:1New:179Total:425
Jun 2026
Median Rent:$1,737Median DOM:1New:176Total:374
Jul 2026
Median Rent:$1,775Median DOM:1New:108Total:344
Aug 2026
Median Rent:$1,803Median DOM:1New:67Total:294
Key Market Takeaways
Median sale prices softened this month while inventory compressed. 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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