ZIP 85048 Housing Market Report
Phoenix Metro
Report period: May 2026
85048 Monthly Market Update – May 2026
ZIP 85048 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$585,000
−1.7%
Median DOM (Sales)
32
+3.2%
New Listings (Sales)
25
−51.0%
Median Rent
$1,888
+1.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
246
−4.3%
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: Single Family (30 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($3,100,000 median)
Sales Market Overview
Median Price
$585,000
−1.7%
Median DOM
32
+3.2%
New Listings
25
−51.0%
Inventory
230
+2.7%
- Average Price: $713,336
- Median Price: $585,000
- Price Range: $219,900 – $3,490,000
- Price per Sq Ft (Avg/Median): $308 / $300
- Square Footage (Avg/Median): 2,303 / 2,059
- Square Footage Range: 693 – 7,559
- Days on Market (Avg/Median): 62 / 32
- Days on Market Range: 1 – 327
- New Listings: 25
- Total Listings: 230
Sales by Property Type
Condo
Avg/Median Price$291,145 / $289,500Range$219,900 – $370,000Price per Sq Ft$307 / $296Sq Ft972 / 997DOM66 / 34New3Total33
Land
Avg/Median Price$496,843 / $449,000Range$250,000 – $998,000Price per Sq Ft—Sq Ft—DOM130 / 69New1Total14
Single Family
Avg/Median Price$820,784 / $639,500Range$405,000 – $3,490,000Price per Sq Ft$308 / $301Sq Ft2,587 / 2,235DOM56 / 30New20Total177
Townhouse
Avg/Median Price$370,817 / $365,000Range$225,000 – $485,000Price per Sq Ft$302 / $297Sq Ft1,252 / 1,164DOM83 / 30New1Total6
Sales by Bedroom Count
1 Beds
Avg:$246,700Median:$239,999Range:$219,900 – $288,000PSF:$345 / $346Sq Ft:715 / 693DOM:68 / 80New:1Total:11
2 Beds
Avg:$305,957Median:$300,000Range:$264,900 – $385,000PSF:$296 / $294Sq Ft:1,041 / 1,022DOM:73 / 34New:1Total:21
3 Beds
Avg:$542,503Median:$539,517Range:$349,000 – $1,099,900PSF:$308 / $303Sq Ft:1,783 / 1,655DOM:61 / 31New:9Total:66
4 Beds
Avg:$785,510Median:$640,000Range:$405,000 – $2,450,000PSF:$302 / $294Sq Ft:2,533 / 2,272DOM:56 / 31New:9Total:81
5 Beds
Avg:$1,245,191Median:$895,000Range:$649,000 – $3,490,000PSF:$314 / $264Sq Ft:3,725 / 3,537DOM:44 / 30New:3Total:32
6 Beds
Avg:$1,398,750Median:$999,999Range:$645,000 – $2,499,999PSF:$295 / $291Sq Ft:4,521 / 3,432DOM:55 / 30New:1Total:4
7 Beds
Avg:$3,100,000Median:$3,100,000Range:$3,100,000 – $3,100,000PSF:$410 / $410Sq Ft:7,559 / 7,559DOM:—New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $246,700 | $239,999 | $219,900 – $288,000 | $345 / $346 | 715 / 693 | 68 / 80 | 1 | 11 |
| 2 Beds | $305,957 | $300,000 | $264,900 – $385,000 | $296 / $294 | 1,041 / 1,022 | 73 / 34 | 1 | 21 |
| 3 Beds | $542,503 | $539,517 | $349,000 – $1,099,900 | $308 / $303 | 1,783 / 1,655 | 61 / 31 | 9 | 66 |
| 4 Beds | $785,510 | $640,000 | $405,000 – $2,450,000 | $302 / $294 | 2,533 / 2,272 | 56 / 31 | 9 | 81 |
| 5 Beds | $1,245,191 | $895,000 | $649,000 – $3,490,000 | $314 / $264 | 3,725 / 3,537 | 44 / 30 | 3 | 32 |
| 6 Beds | $1,398,750 | $999,999 | $645,000 – $2,499,999 | $295 / $291 | 4,521 / 3,432 | 55 / 30 | 1 | 4 |
| 7 Beds | $3,100,000 | $3,100,000 | $3,100,000 – $3,100,000 | $410 / $410 | 7,559 / 7,559 | — | 0 | 1 |
Rental Market Overview
Median Rent
$1,888
+1.0%
Median DOM
1
0.0%
New Listings
56
Inventory
246
−4.3%
- Average Rent: $2,100
- Median Rent: $1,888
- Rent Range: $1,156 – $7,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,335 / 1,226
- Square Footage Range: 560 – 3,834
- Days on Market (Avg/Median): 26 / 1
- Days on Market Range: 1 – 361
- New Listings: 56
- Total Listings: 246
Rentals by Property Type
Apartment
$1,619
Median DOM: 1
Inventory: 153
MoM: +1.0%
Condo
$1,679
Median DOM: 3
Inventory: 9
MoM: +1.0%
Single Family
$2,500
Median DOM: 18
Inventory: 82
MoM: +1.0%
Townhouse
$1,900
Median DOM: 39
Inventory: 2
MoM: +1.0%
Apartment
Avg/Median Rent$1,667 / $1,619Range$1,156 – $2,500Rent per Sq Ft$2 / $2Sq Ft990 / 952DOM20 / 1New46Total153
Condo
Avg/Median Rent$1,889 / $1,679Range$1,395 – $3,174Rent per Sq Ft$2 / $1Sq Ft1,111 / 997DOM71 / 3New1Total9
Single Family
Avg/Median Rent$2,917 / $2,500Range$1,295 – $7,000Rent per Sq Ft$2 / $1Sq Ft2,003 / 1,863DOM34 / 18New9Total82
Townhouse
Avg/Median Rent$2,700 / $1,900Range$1,900 – $3,500Rent per Sq Ft$2 / $1Sq Ft1,323 / 1,317DOM39 / 39New0Total2
Rentals by Bedroom Count
Studio
Avg:$2,300Median:$2,300Range:$2,300 – $2,300PSF:$1 / $1Sq Ft:2,235 / 2,235DOM:3 / 3New:0Total:1
1 Beds
Avg:$1,462Median:$1,422Range:$1,156 – $2,200PSF:$2 / $2Sq Ft:785 / 796DOM:34 / 1New:19Total:75
2 Beds
Avg:$1,921Median:$1,795Range:$1,399 – $4,000PSF:$2 / $2Sq Ft:1,174 / 1,212DOM:15 / 1New:27Total:92
3 Beds
Avg:$2,437Median:$2,295Range:$1,925 – $4,500PSF:$1 / $2Sq Ft:1,654 / 1,600DOM:25 / 9New:6Total:42
4 Beds
Avg:$3,462Median:$3,199Range:$1,350 – $7,000PSF:$1 / $1Sq Ft:2,340 / 2,298DOM:44 / 19New:4Total:29
5 Beds
Avg:$3,533Median:$3,299Range:$3,000 – $4,399PSF:$1 / $1Sq Ft:3,022 / 3,111DOM:32 / 13New:0Total:6
6 Beds
Avg:$3,995Median:$3,995Range:$3,995 – $3,995PSF:$1 / $1Sq Ft:3,834 / 3,834DOM:11 / 11New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,300 | $2,300 | $2,300 – $2,300 | $1 / $1 | 2,235 / 2,235 | 3 / 3 | 0 | 1 |
| 1 Beds | $1,462 | $1,422 | $1,156 – $2,200 | $2 / $2 | 785 / 796 | 34 / 1 | 19 | 75 |
| 2 Beds | $1,921 | $1,795 | $1,399 – $4,000 | $2 / $2 | 1,174 / 1,212 | 15 / 1 | 27 | 92 |
| 3 Beds | $2,437 | $2,295 | $1,925 – $4,500 | $1 / $2 | 1,654 / 1,600 | 25 / 9 | 6 | 42 |
| 4 Beds | $3,462 | $3,199 | $1,350 – $7,000 | $1 / $1 | 2,340 / 2,298 | 44 / 19 | 4 | 29 |
| 5 Beds | $3,533 | $3,299 | $3,000 – $4,399 | $1 / $1 | 3,022 / 3,111 | 32 / 13 | 0 | 6 |
| 6 Beds | $3,995 | $3,995 | $3,995 – $3,995 | $1 / $1 | 3,834 / 3,834 | 11 / 11 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$598,000Median DOM:48New:26Total:174
Jan 2026
Median Price:$597,000Median DOM:46New:45Total:186
Feb 2026
Median Price:$599,990Median DOM:29New:51Total:189
Mar 2026
Median Price:$599,900Median DOM:30New:59Total:223
Apr 2026
Median Price:$595,000Median DOM:31New:51Total:224
May 2026
Median Price:$585,000Median DOM:32New:25Total:230
6-Month Rental Trend
Dec 2025
Median Rent:$2,095Median DOM:54New:32Total:115
Jan 2026
Median Rent:$1,995Median DOM:44New:36Total:129
Feb 2026
Median Rent:$1,826Median DOM:1New:127Total:231
Mar 2026
Median Rent:$1,826Median DOM:1New:132Total:264
Apr 2026
Median Rent:$1,870Median DOM:1New:126Total:257
May 2026
Median Rent:$1,888Median DOM:1New:56Total:246
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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