ZIP 85048 Housing Market Report
Phoenix Metro
Report period: August 2026
85048 Monthly Market Update – August 2026
ZIP 85048 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$550,000
+0.0%
Median DOM (Sales)
43
0.0%
New Listings (Sales)
7
−79.4%
Median Rent
$1,909
+3.0%
Median DOM (Rental)
4
+300.0%
Total Rental Listings
175
−10.7%
Month-over-Month Movement
Median sale prices moved higher. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (38 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($2,999,999 median)
Sales Market Overview
Median Price
$550,000
+0.0%
Median DOM
43
0.0%
New Listings
7
−79.4%
Inventory
183
−6.6%
- Average Price: $656,975
- Median Price: $550,000
- Price Range: $200,000 – $3,295,000
- Price per Sq Ft (Avg/Median): $295 / $293
- Square Footage (Avg/Median): 2,238 / 2,023
- Square Footage Range: 693 – 7,559
- Days on Market (Avg/Median): 81 / 43
- Days on Market Range: 2 – 340
- New Listings: 7
- Total Listings: 183
Sales by Property Type
Condo
Avg/Median Price$270,599 / $249,900Range$204,900 – $360,000Price per Sq Ft$298 / $296Sq Ft934 / 750DOM124 / 129New0Total20
Land
Avg/Median Price$473,387 / $449,000Range$200,000 – $998,000Price per Sq Ft—Sq Ft—DOM152 / 115New0Total15
Single Family
Avg/Median Price$758,127 / $599,500Range$389,900 – $3,295,000Price per Sq Ft$293 / $291Sq Ft2,513 / 2,231DOM69 / 42New7Total136
Townhouse
Avg/Median Price$384,033 / $369,000Range$300,000 – $469,500Price per Sq Ft$306 / $314Sq Ft1,285 / 1,175DOM71 / 38New0Total12
Sales by Bedroom Count
1 Beds
Avg:$233,809Median:$222,999Range:$204,900 – $275,000PSF:$329 / $322Sq Ft:711 / 693DOM:128 / 131New:0Total:10
2 Beds
Avg:$337,099Median:$335,000Range:$249,000 – $435,000PSF:$296 / $291Sq Ft:1,142 / 1,116DOM:87 / 43New:0Total:18
3 Beds
Avg:$522,302Median:$510,000Range:$360,000 – $999,999PSF:$286 / $282Sq Ft:1,859 / 1,817DOM:76 / 43New:1Total:57
4 Beds
Avg:$706,702Median:$629,500Range:$494,999 – $2,375,000PSF:$290 / $285Sq Ft:2,411 / 2,282DOM:65 / 37New:3Total:55
5 Beds
Avg:$1,191,454Median:$869,900Range:$624,900 – $3,295,000PSF:$308 / $281Sq Ft:3,647 / 3,181DOM:64 / 43New:3Total:24
6 Beds
Avg:$1,495,000Median:$1,340,000Range:$645,000 – $2,499,999PSF:$288 / $299Sq Ft:4,884 / 4,487DOM:109 / 116New:0Total:3
7 Beds
Avg:$2,999,999Median:$2,999,999Range:$2,999,999 – $2,999,999PSF:$397 / $397Sq 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 | $233,809 | $222,999 | $204,900 – $275,000 | $329 / $322 | 711 / 693 | 128 / 131 | 0 | 10 |
| 2 Beds | $337,099 | $335,000 | $249,000 – $435,000 | $296 / $291 | 1,142 / 1,116 | 87 / 43 | 0 | 18 |
| 3 Beds | $522,302 | $510,000 | $360,000 – $999,999 | $286 / $282 | 1,859 / 1,817 | 76 / 43 | 1 | 57 |
| 4 Beds | $706,702 | $629,500 | $494,999 – $2,375,000 | $290 / $285 | 2,411 / 2,282 | 65 / 37 | 3 | 55 |
| 5 Beds | $1,191,454 | $869,900 | $624,900 – $3,295,000 | $308 / $281 | 3,647 / 3,181 | 64 / 43 | 3 | 24 |
| 6 Beds | $1,495,000 | $1,340,000 | $645,000 – $2,499,999 | $288 / $299 | 4,884 / 4,487 | 109 / 116 | 0 | 3 |
| 7 Beds | $2,999,999 | $2,999,999 | $2,999,999 – $2,999,999 | $397 / $397 | 7,559 / 7,559 | — | 0 | 1 |
Rental Market Overview
Median Rent
$1,909
+3.0%
Median DOM
4
+300.0%
New Listings
37
Inventory
175
−10.7%
- Average Rent: $2,108
- Median Rent: $1,909
- Rent Range: $1,217 – $5,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,323 / 1,226
- Square Footage Range: 548 – 3,182
- Days on Market (Avg/Median): 25 / 4
- Days on Market Range: 1 – 334
- New Listings: 37
- Total Listings: 175
Rentals by Property Type
Apartment
$1,600
Median DOM: 1
Inventory: 94
MoM: +3.0%
Condo
$1,399
Median DOM: 1
Inventory: 5
MoM: +3.0%
Single Family
$2,610
Median DOM: 18
Inventory: 68
MoM: +3.0%
Townhouse
$1,995
Median DOM: 22
Inventory: 8
MoM: +3.0%
Apartment
Avg/Median Rent$1,610 / $1,600Range$1,217 – $2,221Rent per Sq Ft$2 / $2Sq Ft914 / 833DOM11 / 1New28Total94
Condo
Avg/Median Rent$1,609 / $1,399Range$1,295 – $2,200Rent per Sq Ft$2 / $2Sq Ft1,006 / 997DOM12 / 1New0Total5
Single Family
Avg/Median Rent$2,834 / $2,610Range$2,000 – $5,000Rent per Sq Ft$2 / $2Sq Ft1,913 / 1,710DOM41 / 18New8Total68
Townhouse
Avg/Median Rent$2,101 / $1,995Range$1,395 – $3,475Rent per Sq Ft$2 / $2Sq Ft1,321 / 1,109DOM44 / 22New1Total8
Rentals by Bedroom Count
1 Beds
Avg:$1,468Median:$1,414Range:$1,217 – $2,200PSF:$2 / $2Sq Ft:758 / 796DOM:8 / 1New:15Total:58
2 Beds
Avg:$1,905Median:$1,824Range:$1,395 – $4,000PSF:$2 / $2Sq Ft:1,160 / 1,212DOM:21 / 1New:13Total:51
3 Beds
Avg:$2,595Median:$2,395Range:$2,000 – $4,500PSF:$2 / $2Sq Ft:1,693 / 1,575DOM:41 / 14New:8Total:41
4 Beds
Avg:$3,196Median:$2,950Range:$2,400 – $5,000PSF:$1 / $1Sq Ft:2,286 / 2,223DOM:42 / 34New:1Total:22
5 Beds
Avg:$3,308Median:$3,125Range:$2,800 – $4,000PSF:$1 / $1Sq Ft:2,934 / 2,903DOM:31 / 12New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,468 | $1,414 | $1,217 – $2,200 | $2 / $2 | 758 / 796 | 8 / 1 | 15 | 58 |
| 2 Beds | $1,905 | $1,824 | $1,395 – $4,000 | $2 / $2 | 1,160 / 1,212 | 21 / 1 | 13 | 51 |
| 3 Beds | $2,595 | $2,395 | $2,000 – $4,500 | $2 / $2 | 1,693 / 1,575 | 41 / 14 | 8 | 41 |
| 4 Beds | $3,196 | $2,950 | $2,400 – $5,000 | $1 / $1 | 2,286 / 2,223 | 42 / 34 | 1 | 22 |
| 5 Beds | $3,308 | $3,125 | $2,800 – $4,000 | $1 / $1 | 2,934 / 2,903 | 31 / 12 | 0 | 3 |
6-Month Sales Trend
Mar 2026
Median Price:$599,900Median DOM:30New:59Total:223
Apr 2026
Median Price:$595,000Median DOM:31New:51Total:224
May 2026
Median Price:$570,000Median DOM:35New:49Total:220
Jun 2026
Median Price:$554,900Median DOM:39New:37Total:213
Jul 2026
Median Price:$549,900Median DOM:43New:34Total:196
Aug 2026
Median Price:$550,000Median DOM:43New:7Total:183
6-Month Rental Trend
Mar 2026
Median Rent:$1,826Median DOM:1New:132Total:264
Apr 2026
Median Rent:$1,870Median DOM:1New:126Total:257
May 2026
Median Rent:$1,772Median DOM:1New:122Total:246
Jun 2026
Median Rent:$1,800Median DOM:1New:81Total:218
Jul 2026
Median Rent:$1,854Median DOM:1New:80Total:196
Aug 2026
Median Rent:$1,909Median DOM:4New:37Total:175
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market were unchanged, signaling steady 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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