ZIP 85051 Housing Market Report
Phoenix Metro
Report period: May 2026
85051 Monthly Market Update – May 2026
ZIP 85051 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$350,000
+1.5%
Median DOM (Sales)
30
−3.2%
New Listings (Sales)
19
−48.6%
Median Rent
$1,186
−0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
290
−3.7%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Manufactured (6 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($450,000 median)
Sales Market Overview
Median Price
$350,000
+1.5%
Median DOM
30
−3.2%
New Listings
19
−48.6%
Inventory
149
+5.7%
- Average Price: $324,947
- Median Price: $350,000
- Price Range: $30,000 – $530,000
- Price per Sq Ft (Avg/Median): $224 / $223
- Square Footage (Avg/Median): 1,466 / 1,537
- Square Footage Range: 466 – 2,565
- Days on Market (Avg/Median): 55 / 30
- Days on Market Range: 2 – 350
- New Listings: 19
- Total Listings: 149
Sales by Property Type
Condo
Avg/Median Price$158,310 / $157,500Range$110,000 – $199,000Price per Sq Ft$215 / $199Sq Ft754 / 744DOM78 / 71New1Total10
Land
Avg/Median Price$389,000 / $389,000Range$389,000 – $389,000Price per Sq Ft—Sq Ft—DOM7 / 7New0Total1
Manufactured
Avg/Median Price$40,000 / $30,000Range$30,000 – $50,000Price per Sq Ft$51 / $42Sq Ft780 / 720DOM16 / 6New1Total2
Single Family
Avg/Median Price$379,787 / $375,000Range$234,900 – $530,000Price per Sq Ft$238 / $237Sq Ft1,641 / 1,673DOM50 / 26New15Total105
Townhouse
Avg/Median Price$209,271 / $205,000Range$142,900 – $299,900Price per Sq Ft$193 / $195Sq Ft1,145 / 1,008DOM71 / 70New2Total31
Sales by Bedroom Count
1 Beds
Avg:$156,138Median:$156,490Range:$110,000 – $189,950PSF:$245 / $236Sq Ft:645 / 687DOM:100 / 96New:0Total:9
2 Beds
Avg:$198,706Median:$185,000Range:$50,000 – $335,000PSF:$196 / $195Sq Ft:1,025 / 986DOM:59 / 31New:3Total:25
3 Beds
Avg:$353,554Median:$360,000Range:$30,000 – $530,000PSF:$233 / $234Sq Ft:1,541 / 1,553DOM:54 / 29New:12Total:84
4 Beds
Avg:$396,473Median:$400,000Range:$300,000 – $529,900PSF:$217 / $211Sq Ft:1,849 / 1,836DOM:47 / 29New:2Total:25
5 Beds
Avg:$408,980Median:$450,000Range:$234,900 – $495,000PSF:$213 / $223Sq Ft:1,960 / 2,068DOM:29 / 24New:2Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $156,138 | $156,490 | $110,000 – $189,950 | $245 / $236 | 645 / 687 | 100 / 96 | 0 | 9 |
| 2 Beds | $198,706 | $185,000 | $50,000 – $335,000 | $196 / $195 | 1,025 / 986 | 59 / 31 | 3 | 25 |
| 3 Beds | $353,554 | $360,000 | $30,000 – $530,000 | $233 / $234 | 1,541 / 1,553 | 54 / 29 | 12 | 84 |
| 4 Beds | $396,473 | $400,000 | $300,000 – $529,900 | $217 / $211 | 1,849 / 1,836 | 47 / 29 | 2 | 25 |
| 5 Beds | $408,980 | $450,000 | $234,900 – $495,000 | $213 / $223 | 1,960 / 2,068 | 29 / 24 | 2 | 5 |
Rental Market Overview
Median Rent
$1,186
−0.3%
Median DOM
1
0.0%
New Listings
67
Inventory
290
−3.7%
- Average Rent: $1,332
- Median Rent: $1,186
- Rent Range: $500 – $3,800
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 979 / 850
- Square Footage Range: 400 – 4,376
- Days on Market (Avg/Median): 29 / 1
- Days on Market Range: 1 – 349
- New Listings: 67
- Total Listings: 290
Rentals by Property Type
Apartment
$1,046
Median DOM: 1
Inventory: 208
MoM: −0.3%
Condo
$1,350
Median DOM: 28
Inventory: 7
MoM: −0.3%
Single Family
$2,045
Median DOM: 25
Inventory: 61
MoM: −0.3%
Townhouse
$1,495
Median DOM: 13
Inventory: 14
MoM: −0.3%
Apartment
Avg/Median Rent$1,090 / $1,046Range$683 – $2,548Rent per Sq Ft$1 / $1Sq Ft791 / 720DOM22 / 1New58Total208
Condo
Avg/Median Rent$1,371 / $1,350Range$500 – $1,800Rent per Sq Ft$2 / $1Sq Ft689 / 500DOM147 / 28New0Total7
Single Family
Avg/Median Rent$2,123 / $2,045Range$1,195 – $3,800Rent per Sq Ft$1 / $1Sq Ft1,634 / 1,600DOM39 / 25New8Total61
Townhouse
Avg/Median Rent$1,474 / $1,495Range$899 – $1,800Rent per Sq Ft$1 / $2Sq Ft1,047 / 1,000DOM30 / 13New1Total14
Rentals by Bedroom Count
Studio
Avg:$903Median:$875Range:$683 – $1,136PSF:$2 / $2Sq Ft:455 / 461DOM:44 / 1New:6Total:28
1 Beds
Avg:$992Median:$963Range:$500 – $1,800PSF:$2 / $1Sq Ft:674 / 688DOM:24 / 1New:18Total:94
2 Beds
Avg:$1,271Median:$1,299Range:$799 – $1,794PSF:$1 / $1Sq Ft:997 / 924DOM:25 / 1New:34Total:102
3 Beds
Avg:$1,944Median:$1,950Range:$1,100 – $2,548PSF:$1 / $1Sq Ft:1,470 / 1,465DOM:37 / 20New:4Total:45
4 Beds
Avg:$2,323Median:$2,200Range:$1,855 – $3,000PSF:$1 / $1Sq Ft:1,868 / 1,792DOM:37 / 25New:5Total:18
5 Beds
Avg:$2,595Median:$2,245Range:$2,245 – $2,945PSF:$1 / $1Sq Ft:2,456 / 2,254DOM:1 / 1New:0Total:2
6 Beds
Avg:$3,800Median:$3,800Range:$3,800 – $3,800PSF:$3 / $3Sq Ft:1,516 / 1,516DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $903 | $875 | $683 – $1,136 | $2 / $2 | 455 / 461 | 44 / 1 | 6 | 28 |
| 1 Beds | $992 | $963 | $500 – $1,800 | $2 / $1 | 674 / 688 | 24 / 1 | 18 | 94 |
| 2 Beds | $1,271 | $1,299 | $799 – $1,794 | $1 / $1 | 997 / 924 | 25 / 1 | 34 | 102 |
| 3 Beds | $1,944 | $1,950 | $1,100 – $2,548 | $1 / $1 | 1,470 / 1,465 | 37 / 20 | 4 | 45 |
| 4 Beds | $2,323 | $2,200 | $1,855 – $3,000 | $1 / $1 | 1,868 / 1,792 | 37 / 25 | 5 | 18 |
| 5 Beds | $2,595 | $2,245 | $2,245 – $2,945 | $1 / $1 | 2,456 / 2,254 | 1 / 1 | 0 | 2 |
| 6 Beds | $3,800 | $3,800 | $3,800 – $3,800 | $3 / $3 | 1,516 / 1,516 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$349,999Median DOM:47New:23Total:147
Jan 2026
Median Price:$349,000Median DOM:44New:35Total:139
Feb 2026
Median Price:$340,000Median DOM:29New:37Total:134
Mar 2026
Median Price:$340,000Median DOM:30New:33Total:139
Apr 2026
Median Price:$344,900Median DOM:31New:37Total:141
May 2026
Median Price:$350,000Median DOM:30New:19Total:149
6-Month Rental Trend
Dec 2025
Median Rent:$1,265Median DOM:61New:26Total:104
Jan 2026
Median Rent:$1,250Median DOM:55New:22Total:109
Feb 2026
Median Rent:$1,175Median DOM:1New:157Total:242
Mar 2026
Median Rent:$1,172Median DOM:1New:188Total:313
Apr 2026
Median Rent:$1,189Median DOM:1New:152Total:301
May 2026
Median Rent:$1,186Median DOM:1New:67Total:290
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. 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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