ZIP 85041 Housing Market Report
Phoenix Metro
Report period: May 2026
85041 Monthly Market Update – May 2026
ZIP 85041 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$420,000
0.0%
Median DOM (Sales)
30
0.0%
New Listings (Sales)
38
−49.3%
Median Rent
$2,060
+1.0%
Median DOM (Rental)
7
+16.7%
Total Rental Listings
219
+4.8%
Month-over-Month Movement
Median sale prices were flat. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (3 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($655,999 median)
Sales Market Overview
Median Price
$420,000
0.0%
Median DOM
30
0.0%
New Listings
38
−49.3%
Inventory
256
+3.6%
- Average Price: $494,365
- Median Price: $420,000
- Price Range: $69,999 – $3,500,000
- Price per Sq Ft (Avg/Median): $237 / $236
- Square Footage (Avg/Median): 2,055 / 1,894
- Square Footage Range: 580 – 4,708
- Days on Market (Avg/Median): 61 / 30
- Days on Market Range: 2 – 346
- New Listings: 38
- Total Listings: 256
Sales by Property Type
Land
Avg/Median Price$689,385 / $330,000Range$125,000 – $3,500,000Price per Sq Ft—Sq Ft—DOM103 / 78New3Total23
Manufactured
Avg/Median Price$132,950 / $86,750Range$69,999 – $250,000Price per Sq Ft$137 / $97Sq Ft1,034 / 1,000DOM34 / 18New1Total5
Multi-Family
Avg/Median Price$616,000 / $482,000Range$482,000 – $750,000Price per Sq Ft—Sq Ft—DOM91 / 3New1Total2
Single Family
Avg/Median Price$483,113 / $420,000Range$180,000 – $1,550,000Price per Sq Ft$240 / $237Sq Ft2,081 / 1,939DOM58 / 30New33Total224
Townhouse
Avg/Median Price$293,750 / $221,500Range$221,500 – $365,999Price per Sq Ft$177 / $163Sq Ft1,702 / 1,160DOM139 / 31New0Total2
Sales by Bedroom Count
2 Beds
Avg:$270,175Median:$265,000Range:$180,000 – $325,000PSF:$263 / $269Sq Ft:1,035 / 964DOM:43 / 31New:2Total:8
3 Beds
Avg:$408,715Median:$379,999Range:$69,999 – $1,459,500PSF:$251 / $259Sq Ft:1,652 / 1,509DOM:50 / 26New:10Total:89
4 Beds
Avg:$492,540Median:$435,000Range:$180,000 – $1,550,000PSF:$231 / $230Sq Ft:2,152 / 2,047DOM:65 / 30New:17Total:100
5 Beds
Avg:$640,638Median:$564,999Range:$420,000 – $1,479,000PSF:$218 / $194Sq Ft:2,994 / 3,045DOM:50 / 30New:6Total:30
6 Beds
Avg:$615,225Median:$655,999Range:$239,950 – $799,900PSF:$176 / $174Sq Ft:3,282 / 3,293DOM:117 / 112New:0Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $270,175 | $265,000 | $180,000 – $325,000 | $263 / $269 | 1,035 / 964 | 43 / 31 | 2 | 8 |
| 3 Beds | $408,715 | $379,999 | $69,999 – $1,459,500 | $251 / $259 | 1,652 / 1,509 | 50 / 26 | 10 | 89 |
| 4 Beds | $492,540 | $435,000 | $180,000 – $1,550,000 | $231 / $230 | 2,152 / 2,047 | 65 / 30 | 17 | 100 |
| 5 Beds | $640,638 | $564,999 | $420,000 – $1,479,000 | $218 / $194 | 2,994 / 3,045 | 50 / 30 | 6 | 30 |
| 6 Beds | $615,225 | $655,999 | $239,950 – $799,900 | $176 / $174 | 3,282 / 3,293 | 117 / 112 | 0 | 6 |
Rental Market Overview
Median Rent
$2,060
+1.0%
Median DOM
7
+16.7%
New Listings
32
Inventory
219
+4.8%
- Average Rent: $2,108
- Median Rent: $2,060
- Rent Range: $900 – $8,500
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,708 / 1,616
- Square Footage Range: 400 – 16,421
- Days on Market (Avg/Median): 33 / 7
- Days on Market Range: 1 – 322
- New Listings: 32
- Total Listings: 219
Rentals by Property Type
Apartment
$1,320
Median DOM: 1
Inventory: 36
MoM: +1.0%
Condo
—
Median DOM: —
Inventory: —
MoM: +1.0%
Single Family
$2,145
Median DOM: 8
Inventory: 180
MoM: +1.0%
Townhouse
$1,995
Median DOM: 13
Inventory: 2
MoM: +1.0%
Apartment
Avg/Median Rent$1,351 / $1,320Range$900 – $2,190Rent per Sq Ft$2 / $2Sq Ft851 / 849DOM54 / 1New5Total36
Multi-Family
Avg/Median Rent$1,450 / $1,450Range$1,450 – $1,450Rent per Sq Ft$2 / $2Sq Ft675 / 675DOM—New0Total1
Single Family
Avg/Median Rent$2,264 / $2,145Range$1,245 – $8,500Rent per Sq Ft$1 / $1Sq Ft1,887 / 1,759DOM27 / 8New27Total180
Townhouse
Avg/Median Rent$1,997 / $1,995Range$1,995 – $1,999Rent per Sq Ft$1 / $1Sq Ft1,484 / 1,202DOM168 / 13New0Total2
Rentals by Bedroom Count
Studio
Avg:$1,600Median:$1,600Range:$1,600 – $1,600PSF:$1 / $1Sq Ft:2,165 / 2,165DOM:5 / 5New:1Total:1
1 Beds
Avg:$1,233Median:$1,250Range:$900 – $1,665PSF:$2 / $2Sq Ft:667 / 651DOM:51 / 1New:3Total:14
2 Beds
Avg:$1,314Median:$1,320Range:$1,095 – $1,525PSF:$2 / $2Sq Ft:1,745 / 849DOM:57 / 1New:1Total:17
3 Beds
Avg:$2,153Median:$2,040Range:$1,445 – $8,500PSF:$1 / $1Sq Ft:1,615 / 1,529DOM:29 / 8New:15Total:111
4 Beds
Avg:$2,336Median:$2,200Range:$1,895 – $7,000PSF:$1 / $1Sq Ft:1,950 / 1,877DOM:32 / 10New:8Total:66
5 Beds
Avg:$2,730Median:$2,585Range:$2,249 – $3,500PSF:$1 / $1Sq Ft:2,485 / 2,209DOM:10 / 1New:4Total:10
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,600 | $1,600 | $1,600 – $1,600 | $1 / $1 | 2,165 / 2,165 | 5 / 5 | 1 | 1 |
| 1 Beds | $1,233 | $1,250 | $900 – $1,665 | $2 / $2 | 667 / 651 | 51 / 1 | 3 | 14 |
| 2 Beds | $1,314 | $1,320 | $1,095 – $1,525 | $2 / $2 | 1,745 / 849 | 57 / 1 | 1 | 17 |
| 3 Beds | $2,153 | $2,040 | $1,445 – $8,500 | $1 / $1 | 1,615 / 1,529 | 29 / 8 | 15 | 111 |
| 4 Beds | $2,336 | $2,200 | $1,895 – $7,000 | $1 / $1 | 1,950 / 1,877 | 32 / 10 | 8 | 66 |
| 5 Beds | $2,730 | $2,585 | $2,249 – $3,500 | $1 / $1 | 2,485 / 2,209 | 10 / 1 | 4 | 10 |
6-Month Sales Trend
Dec 2025
Median Price:$420,000Median DOM:47New:41Total:235
Jan 2026
Median Price:$417,500Median DOM:48New:54Total:231
Feb 2026
Median Price:$415,500Median DOM:31New:58Total:221
Mar 2026
Median Price:$420,000Median DOM:30New:68Total:249
Apr 2026
Median Price:$420,000Median DOM:30New:75Total:247
May 2026
Median Price:$420,000Median DOM:30New:38Total:256
6-Month Rental Trend
Dec 2025
Median Rent:$2,000Median DOM:51New:28Total:137
Jan 2026
Median Rent:$2,045Median DOM:57New:35Total:143
Feb 2026
Median Rent:$2,000Median DOM:26New:72Total:176
Mar 2026
Median Rent:$2,030Median DOM:12New:89Total:213
Apr 2026
Median Rent:$2,040Median DOM:6New:82Total:209
May 2026
Median Rent:$2,060Median DOM:7New:32Total:219
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market were unchanged, signaling steady buyer activity. Rental pricing increased, while total rental inventory increased.
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.
850038500485006850078500885009850128501385014850158501685017850188502085021850228502385024850278502885029850318503285033850348503585037850408504185042+11 more
← Back to Phoenix Metro