ZIP 85037 Housing Market Report
Phoenix Metro
Report period: May 2026
85037 Monthly Market Update – May 2026
ZIP 85037 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$419,490
+1.5%
Median DOM (Sales)
6
0.0%
New Listings (Sales)
67
−53.5%
Median Rent
$1,720
−0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
458
−6.3%
Month-over-Month Movement
Median sale prices moved higher. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (6 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($507,490 median)
Sales Market Overview
Median Price
$419,490
+1.5%
Median DOM
6
0.0%
New Listings
67
−53.5%
Inventory
324
−0.6%
- Average Price: $410,213
- Median Price: $419,490
- Price Range: $145,000 – $689,999
- Price per Sq Ft (Avg/Median): $246 / $243
- Square Footage (Avg/Median): 1,729 / 1,649
- Square Footage Range: 560 – 4,187
- Days on Market (Avg/Median): 36 / 6
- Days on Market Range: 1 – 279
- New Listings: 67
- Total Listings: 324
Sales by Property Type
Condo
Avg/Median Price$231,368 / $239,900Range$145,000 – $310,000Price per Sq Ft$253 / $255Sq Ft915 / 992DOM106 / 105New0Total10
Single Family
Avg/Median Price$426,629 / $425,000Range$234,300 – $689,999Price per Sq Ft$247 / $243Sq Ft1,799 / 1,760DOM29 / 6New66Total296
Townhouse
Avg/Median Price$239,622 / $229,900Range$199,000 – $325,000Price per Sq Ft$240 / $237Sq Ft1,016 / 976DOM112 / 91New1Total18
Sales by Bedroom Count
1 Beds
Avg:$187,592Median:$207,777Range:$145,000 – $210,000PSF:$260 / $259Sq Ft:722 / 803DOM:87 / 105New:0Total:3
2 Beds
Avg:$278,868Median:$289,000Range:$185,000 – $375,000PSF:$268 / $255Sq Ft:1,057 / 1,037DOM:68 / 33New:5Total:46
3 Beds
Avg:$388,442Median:$389,900Range:$234,300 – $689,999PSF:$262 / $268Sq Ft:1,508 / 1,411DOM:36 / 6New:19Total:126
4 Beds
Avg:$469,304Median:$459,540Range:$330,000 – $675,000PSF:$235 / $237Sq Ft:2,021 / 1,912DOM:26 / 6New:27Total:106
5 Beds
Avg:$483,042Median:$481,990Range:$385,000 – $680,000PSF:$206 / $210Sq Ft:2,401 / 2,233DOM:24 / 4New:13Total:37
6 Beds
Avg:$508,990Median:$507,490Range:$502,990 – $515,490PSF:$200 / $199Sq Ft:2,546 / 2,546DOM:3 / 2New:2Total:4
8 Beds
Avg:$459,950Median:$449,900Range:$449,900 – $470,000PSF:$172 / $119Sq Ft:2,978 / 2,000DOM:59 / 8New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $187,592 | $207,777 | $145,000 – $210,000 | $260 / $259 | 722 / 803 | 87 / 105 | 0 | 3 |
| 2 Beds | $278,868 | $289,000 | $185,000 – $375,000 | $268 / $255 | 1,057 / 1,037 | 68 / 33 | 5 | 46 |
| 3 Beds | $388,442 | $389,900 | $234,300 – $689,999 | $262 / $268 | 1,508 / 1,411 | 36 / 6 | 19 | 126 |
| 4 Beds | $469,304 | $459,540 | $330,000 – $675,000 | $235 / $237 | 2,021 / 1,912 | 26 / 6 | 27 | 106 |
| 5 Beds | $483,042 | $481,990 | $385,000 – $680,000 | $206 / $210 | 2,401 / 2,233 | 24 / 4 | 13 | 37 |
| 6 Beds | $508,990 | $507,490 | $502,990 – $515,490 | $200 / $199 | 2,546 / 2,546 | 3 / 2 | 2 | 4 |
| 8 Beds | $459,950 | $449,900 | $449,900 – $470,000 | $172 / $119 | 2,978 / 2,000 | 59 / 8 | 1 | 2 |
Rental Market Overview
Median Rent
$1,720
−0.3%
Median DOM
1
0.0%
New Listings
87
Inventory
458
−6.3%
- Average Rent: $1,836
- Median Rent: $1,720
- Rent Range: $700 – $10,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,225 / 1,159
- Square Footage Range: 637 – 4,228
- Days on Market (Avg/Median): 14 / 1
- Days on Market Range: 1 – 203
- New Listings: 87
- Total Listings: 458
Rentals by Property Type
Apartment
$1,595
Median DOM: 1
Inventory: 304
MoM: −0.3%
Condo
$1,295
Median DOM: 1
Inventory: 2
MoM: −0.3%
Single Family
$2,030
Median DOM: 20
Inventory: 148
MoM: −0.3%
Townhouse
$1,600
Median DOM: 25
Inventory: 4
MoM: −0.3%
Apartment
Avg/Median Rent$1,656 / $1,595Range$1,134 – $2,550Rent per Sq Ft$2 / $2Sq Ft979 / 882DOM3 / 1New65Total304
Condo
Avg/Median Rent$1,545 / $1,295Range$1,295 – $1,795Rent per Sq Ft$2 / $1Sq Ft1,006 / 976DOM8 / 1New1Total2
Single Family
Avg/Median Rent$2,214 / $2,030Range$700 – $10,000Rent per Sq Ft$1 / $1Sq Ft1,732 / 1,568DOM36 / 20New21Total148
Townhouse
Avg/Median Rent$1,700 / $1,600Range$1,399 – $2,000Rent per Sq Ft$2 / $1Sq Ft1,199 / 1,037DOM47 / 25New0Total4
Rentals by Bedroom Count
Studio
Avg:$700Median:$700Range:$700 – $700PSF:$1 / $1Sq Ft:1,340 / 1,340DOM:1 / 1New:1Total:1
1 Beds
Avg:$1,496Median:$1,495Range:$1,134 – $2,200PSF:$2 / $2Sq Ft:769 / 768DOM:6 / 1New:30Total:148
2 Beds
Avg:$1,683Median:$1,720Range:$1,250 – $2,095PSF:$2 / $2Sq Ft:1,118 / 1,159DOM:4 / 1New:24Total:125
3 Beds
Avg:$2,109Median:$1,970Range:$1,000 – $10,000PSF:$1 / $1Sq Ft:1,443 / 1,344DOM:20 / 1New:29Total:134
4 Beds
Avg:$2,506Median:$2,395Range:$1,875 – $4,995PSF:$1 / $1Sq Ft:2,177 / 2,221DOM:50 / 41New:3Total:45
5 Beds
Avg:$2,672Median:$2,450Range:$2,349 – $2,995PSF:$1 / $1Sq Ft:3,024 / 2,252DOM:31 / 27New:0Total:4
6 Beds
Avg:$2,349Median:$2,349Range:$2,349 – $2,349PSF:$1 / $1Sq Ft:2,440 / 2,440DOM:12 / 12New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $700 | $700 | $700 – $700 | $1 / $1 | 1,340 / 1,340 | 1 / 1 | 1 | 1 |
| 1 Beds | $1,496 | $1,495 | $1,134 – $2,200 | $2 / $2 | 769 / 768 | 6 / 1 | 30 | 148 |
| 2 Beds | $1,683 | $1,720 | $1,250 – $2,095 | $2 / $2 | 1,118 / 1,159 | 4 / 1 | 24 | 125 |
| 3 Beds | $2,109 | $1,970 | $1,000 – $10,000 | $1 / $1 | 1,443 / 1,344 | 20 / 1 | 29 | 134 |
| 4 Beds | $2,506 | $2,395 | $1,875 – $4,995 | $1 / $1 | 2,177 / 2,221 | 50 / 41 | 3 | 45 |
| 5 Beds | $2,672 | $2,450 | $2,349 – $2,995 | $1 / $1 | 3,024 / 2,252 | 31 / 27 | 0 | 4 |
| 6 Beds | $2,349 | $2,349 | $2,349 – $2,349 | $1 / $1 | 2,440 / 2,440 | 12 / 12 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$399,000Median DOM:27New:86Total:265
Jan 2026
Median Price:$399,000Median DOM:18New:110Total:274
Feb 2026
Median Price:$400,000Median DOM:14New:123Total:290
Mar 2026
Median Price:$403,490Median DOM:8New:129Total:322
Apr 2026
Median Price:$413,240Median DOM:6New:144Total:326
May 2026
Median Price:$419,490Median DOM:6New:67Total:324
6-Month Rental Trend
Dec 2025
Median Rent:$1,895Median DOM:32New:43Total:147
Jan 2026
Median Rent:$1,900Median DOM:29New:56Total:179
Feb 2026
Median Rent:$1,725Median DOM:1New:264Total:393
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:87Total:458
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market were unchanged, signaling steady 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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