ZIP 85045 Housing Market Report
Phoenix Metro
Report period: May 2026
85045 Monthly Market Update – May 2026
ZIP 85045 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$645,000
−3.0%
Median DOM (Sales)
31
+3.3%
New Listings (Sales)
5
−64.3%
Median Rent
$2,845
0.0%
Median DOM (Rental)
20
0.0%
Total Rental Listings
19
0.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable.
What's Moving Fastest
- Fastest selling: Single Family (30 DOM)
- Fastest renting: Single Family (20 DOM)
- Strongest bedroom: 6 Beds ($2,450,000 median)
Sales Market Overview
Median Price
$645,000
−3.0%
Median DOM
31
+3.3%
New Listings
5
−64.3%
Inventory
68
−1.4%
- Average Price: $719,047
- Median Price: $645,000
- Price Range: $339,000 – $2,450,000
- Price per Sq Ft (Avg/Median): $282 / $275
- Square Footage (Avg/Median): 2,687 / 2,602
- Square Footage Range: 1,376 – 4,925
- Days on Market (Avg/Median): 65 / 31
- Days on Market Range: 3 – 299
- New Listings: 5
- Total Listings: 68
Sales by Property Type
Condo
Avg/Median Price$432,500 / $425,000Range$425,000 – $440,000Price per Sq Ft$287 / $267Sq Ft1,514 / 1,435DOM94 / 85New0Total2
Land
Avg/Median Price$472,740 / $449,000Range$339,000 – $749,500Price per Sq Ft—Sq Ft—DOM245 / 299New0Total10
Single Family
Avg/Median Price$778,978 / $719,900Range$409,000 – $2,450,000Price per Sq Ft$282 / $275Sq Ft2,750 / 2,696DOM42 / 30New5Total55
Townhouse
Avg/Median Price$459,000 / $459,000Range$459,000 – $459,000Price per Sq Ft$288 / $288Sq Ft1,593 / 1,593DOM32 / 32New0Total1
Sales by Bedroom Count
2 Beds
Avg:$441,333Median:$440,000Range:$425,000 – $459,000PSF:$287 / $288Sq Ft:1,540 / 1,593DOM:73 / 85New:0Total:3
3 Beds
Avg:$577,910Median:$529,000Range:$409,000 – $1,350,000PSF:$294 / $281Sq Ft:1,932 / 1,854DOM:50 / 32New:2Total:19
4 Beds
Avg:$834,850Median:$725,000Range:$550,000 – $1,300,000PSF:$280 / $275Sq Ft:2,971 / 3,081DOM:30 / 15New:3Total:22
5 Beds
Avg:$849,754Median:$799,999Range:$599,999 – $1,599,999PSF:$247 / $234Sq Ft:3,422 / 3,322DOM:47 / 30New:0Total:13
6 Beds
Avg:$2,450,000Median:$2,450,000Range:$2,450,000 – $2,450,000PSF:$524 / $524Sq Ft:4,676 / 4,676DOM:102 / 102New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $441,333 | $440,000 | $425,000 – $459,000 | $287 / $288 | 1,540 / 1,593 | 73 / 85 | 0 | 3 |
| 3 Beds | $577,910 | $529,000 | $409,000 – $1,350,000 | $294 / $281 | 1,932 / 1,854 | 50 / 32 | 2 | 19 |
| 4 Beds | $834,850 | $725,000 | $550,000 – $1,300,000 | $280 / $275 | 2,971 / 3,081 | 30 / 15 | 3 | 22 |
| 5 Beds | $849,754 | $799,999 | $599,999 – $1,599,999 | $247 / $234 | 3,422 / 3,322 | 47 / 30 | 0 | 13 |
| 6 Beds | $2,450,000 | $2,450,000 | $2,450,000 – $2,450,000 | $524 / $524 | 4,676 / 4,676 | 102 / 102 | 0 | 1 |
Rental Market Overview
Median Rent
$2,845
0.0%
Median DOM
20
0.0%
New Listings
1
Inventory
19
0.0%
- Average Rent: $2,858
- Median Rent: $2,845
- Rent Range: $1,000 – $4,595
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 2,081 / 1,854
- Square Footage Range: 1,556 – 3,294
- Days on Market (Avg/Median): 45 / 20
- Days on Market Range: 1 – 215
- New Listings: 1
- Total Listings: 19
Rentals by Property Type
Apartment
$2,942
Median DOM: 215
Inventory: 2
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,800
Median DOM: 20
Inventory: 17
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$2,971 / $2,942Range$2,942 – $3,000Rent per Sq Ft$2 / $2Sq Ft1,634 / 1,633DOM215 / 215New0Total2
Single Family
Avg/Median Rent$2,844 / $2,800Range$1,000 – $4,595Rent per Sq Ft$1 / $1Sq Ft2,137 / 1,854DOM33 / 20New1Total17
Rentals by Bedroom Count
Studio
Avg:$1,000Median:$1,000Range:$1,000 – $1,000PSF:—Sq Ft:—DOM:15 / 15New:0Total:1
2 Beds
Avg:$2,971Median:$2,942Range:$2,942 – $3,000PSF:$2 / $2Sq Ft:1,634 / 1,633DOM:215 / 215New:0Total:2
3 Beds
Avg:$2,446Median:$2,400Range:$1,995 – $3,000PSF:$1 / $1Sq Ft:1,718 / 1,661DOM:44 / 20New:0Total:7
4 Beds
Avg:$3,057Median:$2,845Range:$2,550 – $4,000PSF:$1 / $1Sq Ft:2,240 / 2,283DOM:34 / 28New:0Total:6
5 Beds
Avg:$3,962Median:$4,095Range:$3,195 – $4,595PSF:$1 / $1Sq Ft:2,910 / 2,904DOM:5 / 5New:1Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,000 | $1,000 | $1,000 – $1,000 | — | — | 15 / 15 | 0 | 1 |
| 2 Beds | $2,971 | $2,942 | $2,942 – $3,000 | $2 / $2 | 1,634 / 1,633 | 215 / 215 | 0 | 2 |
| 3 Beds | $2,446 | $2,400 | $1,995 – $3,000 | $1 / $1 | 1,718 / 1,661 | 44 / 20 | 0 | 7 |
| 4 Beds | $3,057 | $2,845 | $2,550 – $4,000 | $1 / $1 | 2,240 / 2,283 | 34 / 28 | 0 | 6 |
| 5 Beds | $3,962 | $4,095 | $3,195 – $4,595 | $1 / $1 | 2,910 / 2,904 | 5 / 5 | 1 | 3 |
6-Month Sales Trend
Dec 2025
Median Price:$610,000Median DOM:95New:12Total:65
Jan 2026
Median Price:$624,999Median DOM:48New:19Total:66
Feb 2026
Median Price:$650,000Median DOM:29New:17Total:69
Mar 2026
Median Price:$650,000Median DOM:28New:19Total:73
Apr 2026
Median Price:$665,000Median DOM:30New:14Total:69
May 2026
Median Price:$645,000Median DOM:31New:5Total:68
6-Month Rental Trend
Dec 2025
Median Rent:$2,700Median DOM:53New:7Total:28
Jan 2026
Median Rent:$2,895Median DOM:43New:3Total:22
Feb 2026
Median Rent:$2,800Median DOM:60New:1Total:19
Mar 2026
Median Rent:$2,595Median DOM:60New:6Total:20
Apr 2026
Median Rent:$2,845Median DOM:20New:5Total:19
May 2026
Median Rent:$2,845Median DOM:20New:1Total:19
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, while total rental inventory was flat.
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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