ZIP 85042 Housing Market Report
Phoenix Metro
Report period: May 2026
85042 Monthly Market Update – May 2026
ZIP 85042 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$475,000
−2.8%
Median DOM (Sales)
32
+3.2%
New Listings (Sales)
23
−58.2%
Median Rent
$1,794
+2.5%
Median DOM (Rental)
6
−14.3%
Total Rental Listings
198
−1.0%
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: Townhouse (22 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($1,675,000 median)
Sales Market Overview
Median Price
$475,000
−2.8%
Median DOM
32
+3.2%
New Listings
23
−58.2%
Inventory
237
+1.7%
- Average Price: $571,735
- Median Price: $475,000
- Price Range: $85,000 – $3,000,000
- Price per Sq Ft (Avg/Median): $269 / $259
- Square Footage (Avg/Median): 1,977 / 1,869
- Square Footage Range: 578 – 4,769
- Days on Market (Avg/Median): 70 / 32
- Days on Market Range: 2 – 346
- New Listings: 23
- Total Listings: 237
Sales by Property Type
Condo
Avg/Median Price$239,733 / $240,000Range$179,900 – $389,900Price per Sq Ft$279 / $280Sq Ft878 / 858DOM136 / 179New0Total9
Land
Avg/Median Price$1,094,733 / $675,000Range$170,000 – $3,000,000Price per Sq Ft—Sq Ft—DOM122 / 85New0Total15
Manufactured
Avg/Median Price$147,134 / $106,500Range$85,000 – $299,999Price per Sq Ft$130 / $111Sq Ft1,166 / 1,300DOM96 / 30New1Total10
Multi-Family
Avg/Median Price$250,000 / $250,000Range$250,000 – $250,000Price per Sq Ft—Sq Ft—DOM72 / 72New0Total1
Single Family
Avg/Median Price$621,024 / $520,000Range$189,900 – $2,100,000Price per Sq Ft$278 / $264Sq Ft2,235 / 1,983DOM65 / 32New16Total169
Townhouse
Avg/Median Price$310,548 / $299,900Range$188,600 – $490,490Price per Sq Ft$264 / $258Sq Ft1,205 / 1,205DOM49 / 22New6Total33
Sales by Bedroom Count
1 Beds
Avg:$222,300Median:$189,900Range:$179,900 – $285,000PSF:$302 / $288Sq Ft:754 / 624DOM:84 / 30New:0Total:6
2 Beds
Avg:$292,756Median:$260,000Range:$95,000 – $664,300PSF:$258 / $259Sq Ft:1,162 / 1,136DOM:81 / 35New:5Total:46
3 Beds
Avg:$517,182Median:$464,900Range:$85,000 – $2,100,000PSF:$278 / $263Sq Ft:1,860 / 1,852DOM:64 / 32New:10Total:87
4 Beds
Avg:$703,942Median:$549,000Range:$200,000 – $2,100,000PSF:$265 / $254Sq Ft:2,575 / 2,599DOM:61 / 30New:6Total:67
5 Beds
Avg:$706,121Median:$579,900Range:$370,000 – $1,648,999PSF:$251 / $250Sq Ft:2,791 / 2,548DOM:51 / 32New:2Total:14
6 Beds
Avg:$1,675,000Median:$1,675,000Range:$1,675,000 – $1,675,000PSF:$362 / $362Sq Ft:4,625 / 4,625DOM:299 / 299New:0Total:1
7 Beds
Avg:$559,900Median:$559,900Range:$559,900 – $559,900PSF:$271 / $271Sq Ft:2,066 / 2,066DOM:13 / 13New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $222,300 | $189,900 | $179,900 – $285,000 | $302 / $288 | 754 / 624 | 84 / 30 | 0 | 6 |
| 2 Beds | $292,756 | $260,000 | $95,000 – $664,300 | $258 / $259 | 1,162 / 1,136 | 81 / 35 | 5 | 46 |
| 3 Beds | $517,182 | $464,900 | $85,000 – $2,100,000 | $278 / $263 | 1,860 / 1,852 | 64 / 32 | 10 | 87 |
| 4 Beds | $703,942 | $549,000 | $200,000 – $2,100,000 | $265 / $254 | 2,575 / 2,599 | 61 / 30 | 6 | 67 |
| 5 Beds | $706,121 | $579,900 | $370,000 – $1,648,999 | $251 / $250 | 2,791 / 2,548 | 51 / 32 | 2 | 14 |
| 6 Beds | $1,675,000 | $1,675,000 | $1,675,000 – $1,675,000 | $362 / $362 | 4,625 / 4,625 | 299 / 299 | 0 | 1 |
| 7 Beds | $559,900 | $559,900 | $559,900 – $559,900 | $271 / $271 | 2,066 / 2,066 | 13 / 13 | 0 | 1 |
Rental Market Overview
Median Rent
$1,794
+2.5%
Median DOM
6
−14.3%
New Listings
33
Inventory
198
−1.0%
- Average Rent: $2,098
- Median Rent: $1,794
- Rent Range: $699 – $9,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,331 / 1,203
- Square Footage Range: 300 – 4,769
- Days on Market (Avg/Median): 33 / 6
- Days on Market Range: 1 – 357
- New Listings: 33
- Total Listings: 198
Rentals by Property Type
Apartment
$1,303
Median DOM: 1
Inventory: 87
MoM: +2.5%
Condo
$1,100
Median DOM: 1
Inventory: 1
MoM: +2.5%
Single Family
$2,289
Median DOM: 18
Inventory: 95
MoM: +2.5%
Townhouse
$1,795
Median DOM: 22
Inventory: 12
MoM: +2.5%
Apartment
Avg/Median Rent$1,418 / $1,303Range$699 – $4,344Rent per Sq Ft$2 / $2Sq Ft771 / 791DOM32 / 1New20Total87
Condo
Avg/Median Rent$1,100 / $1,100Range$1,100 – $1,100Rent per Sq Ft$1 / $1Sq Ft900 / 900DOM1 / 1New0Total1
Multi-Family
Avg/Median Rent$1,782 / $1,395Range$1,250 – $2,700Rent per Sq Ft$2 / $2Sq Ft1,145 / 900DOM166 / 20New0Total3
Single Family
Avg/Median Rent$2,739 / $2,289Range$1,299 – $9,000Rent per Sq Ft$2 / $1Sq Ft1,851 / 1,711DOM26 / 18New13Total95
Townhouse
Avg/Median Rent$2,123 / $1,795Range$1,200 – $5,550Rent per Sq Ft$2 / $2Sq Ft1,204 / 1,205DOM68 / 22New0Total12
Rentals by Bedroom Count
Studio
Avg:$799Median:$699Range:$699 – $899PSF:$2 / $2Sq Ft:342 / 300DOM:32 / 32New:0Total:2
1 Beds
Avg:$1,234Median:$1,195Range:$880 – $1,794PSF:$2 / $2Sq Ft:587 / 614DOM:23 / 1New:10Total:39
2 Beds
Avg:$1,569Median:$1,393Range:$1,162 – $2,900PSF:$2 / $2Sq Ft:1,019 / 934DOM:45 / 1New:10Total:60
3 Beds
Avg:$2,462Median:$2,200Range:$1,100 – $8,995PSF:$2 / $1Sq Ft:1,562 / 1,567DOM:30 / 15New:8Total:59
4 Beds
Avg:$3,113Median:$2,515Range:$1,750 – $6,000PSF:$1 / $1Sq Ft:2,116 / 1,841DOM:20 / 20New:4Total:31
5 Beds
Avg:$4,257Median:$2,800Range:$1,999 – $9,000PSF:$1 / $1Sq Ft:3,009 / 3,079DOM:62 / 23New:1Total:7
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $799 | $699 | $699 – $899 | $2 / $2 | 342 / 300 | 32 / 32 | 0 | 2 |
| 1 Beds | $1,234 | $1,195 | $880 – $1,794 | $2 / $2 | 587 / 614 | 23 / 1 | 10 | 39 |
| 2 Beds | $1,569 | $1,393 | $1,162 – $2,900 | $2 / $2 | 1,019 / 934 | 45 / 1 | 10 | 60 |
| 3 Beds | $2,462 | $2,200 | $1,100 – $8,995 | $2 / $1 | 1,562 / 1,567 | 30 / 15 | 8 | 59 |
| 4 Beds | $3,113 | $2,515 | $1,750 – $6,000 | $1 / $1 | 2,116 / 1,841 | 20 / 20 | 4 | 31 |
| 5 Beds | $4,257 | $2,800 | $1,999 – $9,000 | $1 / $1 | 3,009 / 3,079 | 62 / 23 | 1 | 7 |
6-Month Sales Trend
Dec 2025
Median Price:$449,000Median DOM:78New:47Total:241
Jan 2026
Median Price:$450,000Median DOM:54New:55Total:256
Feb 2026
Median Price:$450,000Median DOM:47New:40Total:243
Mar 2026
Median Price:$470,000Median DOM:32New:62Total:242
Apr 2026
Median Price:$488,490Median DOM:31New:55Total:233
May 2026
Median Price:$475,000Median DOM:32New:23Total:237
6-Month Rental Trend
Dec 2025
Median Rent:$2,050Median DOM:61New:16Total:134
Jan 2026
Median Rent:$2,150Median DOM:62New:18Total:110
Feb 2026
Median Rent:$1,995Median DOM:13New:73Total:157
Mar 2026
Median Rent:$1,825Median DOM:7New:83Total:195
Apr 2026
Median Rent:$1,750Median DOM:7New:82Total:200
May 2026
Median Rent:$1,794Median DOM:6New:33Total:198
Key Market Takeaways
Median sale prices softened 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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