ZIP 85048 Housing Market Report
Phoenix Metro
Report period: July 2026
85048 Monthly Market Update – July 2026
ZIP 85048 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$550,000
−0.9%
Median DOM (Sales)
40
+2.6%
New Listings (Sales)
9
−75.7%
Median Rent
$1,800
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
217
−0.5%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (28 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($3,100,000 median)
Sales Market Overview
Median Price
$550,000
−0.9%
Median DOM
40
+2.6%
New Listings
9
−75.7%
Inventory
203
−4.7%
- Average Price: $680,955
- Median Price: $550,000
- Price Range: $200,000 – $3,295,000
- Price per Sq Ft (Avg/Median): $300 / $293
- Square Footage (Avg/Median): 2,256 / 1,984
- Square Footage Range: 693 – 7,559
- Days on Market (Avg/Median): 77 / 40
- Days on Market Range: 2 – 348
- New Listings: 9
- Total Listings: 203
Sales by Property Type
Condo
Avg/Median Price$284,787 / $275,000Range$219,800 – $365,000Price per Sq Ft$294 / $291Sq Ft1,000 / 997DOM102 / 99New0Total25
Land
Avg/Median Price$475,053 / $449,000Range$200,000 – $998,000Price per Sq Ft—Sq Ft—DOM135 / 84New2Total15
Single Family
Avg/Median Price$789,798 / $599,900Range$389,900 – $3,295,000Price per Sq Ft$300 / $291Sq Ft2,541 / 2,214DOM69 / 38New7Total151
Townhouse
Avg/Median Price$394,075 / $380,000Range$315,000 – $485,000Price per Sq Ft$316 / $327Sq Ft1,279 / 1,183DOM58 / 28New0Total12
Sales by Bedroom Count
1 Beds
Avg:$241,689Median:$239,900Range:$219,800 – $275,000PSF:$337 / $330Sq Ft:717 / 693DOM:108 / 113New:0Total:10
2 Beds
Avg:$326,693Median:$320,000Range:$249,000 – $425,000PSF:$293 / $291Sq Ft:1,123 / 1,048DOM:84 / 84New:0Total:17
3 Beds
Avg:$515,735Median:$515,000Range:$335,000 – $999,999PSF:$291 / $289Sq Ft:1,804 / 1,806DOM:70 / 37New:3Total:71
4 Beds
Avg:$727,965Median:$624,900Range:$405,000 – $2,375,000PSF:$295 / $289Sq Ft:2,423 / 2,232DOM:72 / 39New:3Total:58
5 Beds
Avg:$1,322,715Median:$895,000Range:$660,000 – $3,295,000PSF:$324 / $304Sq Ft:3,833 / 3,402DOM:56 / 41New:1Total:27
6 Beds
Avg:$1,371,250Median:$999,999Range:$645,000 – $2,499,999PSF:$289 / $291Sq Ft:4,521 / 3,432DOM:95 / 111New:0Total: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 | $241,689 | $239,900 | $219,800 – $275,000 | $337 / $330 | 717 / 693 | 108 / 113 | 0 | 10 |
| 2 Beds | $326,693 | $320,000 | $249,000 – $425,000 | $293 / $291 | 1,123 / 1,048 | 84 / 84 | 0 | 17 |
| 3 Beds | $515,735 | $515,000 | $335,000 – $999,999 | $291 / $289 | 1,804 / 1,806 | 70 / 37 | 3 | 71 |
| 4 Beds | $727,965 | $624,900 | $405,000 – $2,375,000 | $295 / $289 | 2,423 / 2,232 | 72 / 39 | 3 | 58 |
| 5 Beds | $1,322,715 | $895,000 | $660,000 – $3,295,000 | $324 / $304 | 3,833 / 3,402 | 56 / 41 | 1 | 27 |
| 6 Beds | $1,371,250 | $999,999 | $645,000 – $2,499,999 | $289 / $291 | 4,521 / 3,432 | 95 / 111 | 0 | 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
$1,800
0.0%
Median DOM
1
0.0%
New Listings
36
Inventory
217
−0.5%
- Average Rent: $2,062
- Median Rent: $1,800
- Rent Range: $1,010 – $7,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,267 / 1,115
- Square Footage Range: 548 – 3,182
- Days on Market (Avg/Median): 18 / 1
- Days on Market Range: 1 – 303
- New Listings: 36
- Total Listings: 217
Rentals by Property Type
Apartment
$1,554
Median DOM: 1
Inventory: 138
MoM: 0.0%
Condo
$1,395
Median DOM: 1
Inventory: 6
MoM: 0.0%
Single Family
$2,655
Median DOM: 22
Inventory: 68
MoM: 0.0%
Townhouse
$1,800
Median DOM: 42
Inventory: 5
MoM: 0.0%
Apartment
Avg/Median Rent$1,638 / $1,554Range$1,175 – $3,600Rent per Sq Ft$2 / $2Sq Ft946 / 850DOM6 / 1New24Total138
Condo
Avg/Median Rent$1,745 / $1,395Range$1,010 – $3,172Rent per Sq Ft$2 / $2Sq Ft879 / 693DOM27 / 1New1Total6
Single Family
Avg/Median Rent$2,952 / $2,655Range$1,850 – $7,000Rent per Sq Ft$2 / $1Sq Ft1,945 / 1,827DOM37 / 22New11Total68
Townhouse
Avg/Median Rent$2,053 / $1,800Range$1,395 – $3,475Rent per Sq Ft$2 / $2Sq Ft1,283 / 1,317DOM49 / 42New0Total5
Rentals by Bedroom Count
1 Beds
Avg:$1,455Median:$1,424Range:$1,010 – $2,200PSF:$2 / $2Sq Ft:763 / 796DOM:4 / 1New:13Total:82
2 Beds
Avg:$1,908Median:$1,822Range:$1,399 – $4,000PSF:$2 / $2Sq Ft:1,163 / 1,212DOM:17 / 1New:11Total:66
3 Beds
Avg:$2,554Median:$2,399Range:$2,027 – $4,500PSF:$2 / $2Sq Ft:1,646 / 1,600DOM:31 / 10New:7Total:37
4 Beds
Avg:$3,354Median:$2,995Range:$2,395 – $7,000PSF:$1 / $1Sq Ft:2,287 / 2,195DOM:36 / 29New:5Total:30
5 Beds
Avg:$3,562Median:$3,125Range:$3,125 – $4,000PSF:$1 / $1Sq Ft:2,950 / 2,900DOM:25 / 9New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,455 | $1,424 | $1,010 – $2,200 | $2 / $2 | 763 / 796 | 4 / 1 | 13 | 82 |
| 2 Beds | $1,908 | $1,822 | $1,399 – $4,000 | $2 / $2 | 1,163 / 1,212 | 17 / 1 | 11 | 66 |
| 3 Beds | $2,554 | $2,399 | $2,027 – $4,500 | $2 / $2 | 1,646 / 1,600 | 31 / 10 | 7 | 37 |
| 4 Beds | $3,354 | $2,995 | $2,395 – $7,000 | $1 / $1 | 2,287 / 2,195 | 36 / 29 | 5 | 30 |
| 5 Beds | $3,562 | $3,125 | $3,125 – $4,000 | $1 / $1 | 2,950 / 2,900 | 25 / 9 | 0 | 2 |
6-Month Sales Trend
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:$570,000Median DOM:35New:49Total:220
Jun 2026
Median Price:$554,900Median DOM:39New:37Total:213
Jul 2026
Median Price:$550,000Median DOM:40New:9Total:203
6-Month Rental Trend
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:$1,772Median DOM:1New:122Total:246
Jun 2026
Median Rent:$1,800Median DOM:1New:81Total:218
Jul 2026
Median Rent:$1,800Median DOM:1New:36Total:217
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 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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