ZIP 85045 Housing Market Report
Phoenix Metro
Report period: August 2026
85045 Monthly Market Update – August 2026
ZIP 85045 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$727,990
−0.4%
Median DOM (Sales)
18
−5.3%
New Listings (Sales)
28
−22.2%
Median Rent
$2,850
−1.6%
Median DOM (Rental)
23
+43.8%
Total Rental Listings
18
−5.3%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (15 DOM)
- Fastest renting: Single Family (23 DOM)
- Strongest bedroom: 6 Beds ($1,184,000 median)
Sales Market Overview
Median Price
$727,990
−0.4%
Median DOM
18
−5.3%
New Listings
28
−22.2%
Inventory
85
−1.2%
- Average Price: $725,035
- Median Price: $727,990
- Price Range: $339,000 – $2,399,000
- Price per Sq Ft (Avg/Median): $322 / $318
- Square Footage (Avg/Median): 2,417 / 2,276
- Square Footage Range: 1,314 – 4,676
- Days on Market (Avg/Median): 52 / 18
- Days on Market Range: 2 – 346
- New Listings: 28
- Total Listings: 85
Sales by Property Type
Condo
Avg/Median Price$451,666 / $459,999Range$410,000 – $485,000Price per Sq Ft$278 / $280Sq Ft1,626 / 1,642DOM63 / 15New1Total3
Land
Avg/Median Price$472,740 / $449,000Range$339,000 – $749,500Price per Sq Ft—Sq Ft—DOM257 / 288New0Total10
Single Family
Avg/Median Price$786,899 / $742,990Range$455,000 – $2,399,000Price per Sq Ft$326 / $323Sq Ft2,489 / 2,392DOM41 / 17New27Total68
Townhouse
Avg/Median Price$509,100 / $459,000Range$432,500 – $574,900Price per Sq Ft$287 / $280Sq Ft1,783 / 1,593DOM89 / 18New0Total4
Sales by Bedroom Count
2 Beds
Avg:$449,300Median:$459,000Range:$410,000 – $485,000PSF:$284 / $288Sq Ft:1,581 / 1,593DOM:105 / 158New:1Total:5
3 Beds
Avg:$695,546Median:$684,990Range:$455,000 – $1,274,900PSF:$364 / $360Sq Ft:1,942 / 1,866DOM:32 / 6New:10Total:26
4 Beds
Avg:$789,981Median:$774,982Range:$469,900 – $1,128,750PSF:$311 / $322Sq Ft:2,596 / 2,473DOM:36 / 10New:11Total:25
5 Beds
Avg:$778,666Median:$772,990Range:$599,900 – $990,240PSF:$276 / $271Sq Ft:2,908 / 2,839DOM:49 / 25New:6Total:17
6 Beds
Avg:$1,791,500Median:$1,184,000Range:$1,184,000 – $2,399,000PSF:$411 / $308Sq Ft:4,258 / 3,839DOM:111 / 29New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $449,300 | $459,000 | $410,000 – $485,000 | $284 / $288 | 1,581 / 1,593 | 105 / 158 | 1 | 5 |
| 3 Beds | $695,546 | $684,990 | $455,000 – $1,274,900 | $364 / $360 | 1,942 / 1,866 | 32 / 6 | 10 | 26 |
| 4 Beds | $789,981 | $774,982 | $469,900 – $1,128,750 | $311 / $322 | 2,596 / 2,473 | 36 / 10 | 11 | 25 |
| 5 Beds | $778,666 | $772,990 | $599,900 – $990,240 | $276 / $271 | 2,908 / 2,839 | 49 / 25 | 6 | 17 |
| 6 Beds | $1,791,500 | $1,184,000 | $1,184,000 – $2,399,000 | $411 / $308 | 4,258 / 3,839 | 111 / 29 | 0 | 2 |
Rental Market Overview
Median Rent
$2,850
−1.6%
Median DOM
23
+43.8%
New Listings
1
Inventory
18
−5.3%
- Average Rent: $2,983
- Median Rent: $2,850
- Rent Range: $2,195 – $3,995
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 2,291 / 2,280
- Square Footage Range: 1,364 – 3,731
- Days on Market (Avg/Median): 43 / 23
- Days on Market Range: 5 – 265
- New Listings: 1
- Total Listings: 18
Rentals by Property Type
Apartment
$3,000
Median DOM: —
Inventory: 1
MoM: −1.6%
Condo
—
Median DOM: —
Inventory: —
MoM: −1.6%
Single Family
$2,850
Median DOM: 23
Inventory: 17
MoM: −1.6%
Townhouse
—
Median DOM: —
Inventory: —
MoM: −1.6%
Apartment
Avg/Median Rent$3,000 / $3,000Range$3,000 – $3,000Rent per Sq Ft$2 / $2Sq Ft1,633 / 1,633DOM—New0Total1
Single Family
Avg/Median Rent$2,982 / $2,850Range$2,195 – $3,995Rent per Sq Ft$1 / $1Sq Ft2,330 / 2,283DOM43 / 23New1Total17
Rentals by Bedroom Count
2 Beds
Avg:$3,000Median:$3,000Range:$3,000 – $3,000PSF:$2 / $2Sq Ft:1,633 / 1,633DOM:—New:0Total:1
3 Beds
Avg:$2,598Median:$2,495Range:$2,195 – $3,150PSF:$2 / $2Sq Ft:1,684 / 1,603DOM:52 / 14New:0Total:7
4 Beds
Avg:$2,839Median:$2,599Range:$2,495 – $3,299PSF:$1 / $1Sq Ft:2,569 / 2,283DOM:41 / 27New:0Total:6
5 Beds
Avg:$3,870Median:$3,990Range:$3,500 – $3,995PSF:$1 / $1Sq Ft:3,101 / 2,904DOM:24 / 29New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $3,000 | $3,000 | $3,000 – $3,000 | $2 / $2 | 1,633 / 1,633 | — | 0 | 1 |
| 3 Beds | $2,598 | $2,495 | $2,195 – $3,150 | $2 / $2 | 1,684 / 1,603 | 52 / 14 | 0 | 7 |
| 4 Beds | $2,839 | $2,599 | $2,495 – $3,299 | $1 / $1 | 2,569 / 2,283 | 41 / 27 | 0 | 6 |
| 5 Beds | $3,870 | $3,990 | $3,500 – $3,995 | $1 / $1 | 3,101 / 2,904 | 24 / 29 | 1 | 4 |
6-Month Sales Trend
Mar 2026
Median Price:$650,000Median DOM:28New:19Total:73
Apr 2026
Median Price:$665,000Median DOM:30New:14Total:69
May 2026
Median Price:$599,999Median DOM:34New:17Total:70
Jun 2026
Median Price:$710,960Median DOM:24New:35Total:88
Jul 2026
Median Price:$730,990Median DOM:19New:36Total:86
Aug 2026
Median Price:$727,990Median DOM:18New:28Total:85
6-Month Rental Trend
Mar 2026
Median Rent:$2,595Median DOM:60New:6Total:20
Apr 2026
Median Rent:$2,845Median DOM:20New:5Total:19
May 2026
Median Rent:$2,895Median DOM:20New:4Total:16
Jun 2026
Median Rent:$2,920Median DOM:12New:7Total:17
Jul 2026
Median Rent:$2,895Median DOM:16New:6Total:19
Aug 2026
Median Rent:$2,850Median DOM:23New:1Total:18
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market declined, signaling improving 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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