ZIP 85054 Housing Market Report
Phoenix Metro
Report period: May 2026
85054 Monthly Market Update – May 2026
ZIP 85054 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$630,000
0.0%
Median DOM (Sales)
35
+2.9%
New Listings (Sales)
12
−52.0%
Median Rent
$1,950
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
445
−2.2%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (31 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($1,299,000 median)
Sales Market Overview
Median Price
$630,000
0.0%
Median DOM
35
+2.9%
New Listings
12
−52.0%
Inventory
115
−1.7%
- Average Price: $799,067
- Median Price: $630,000
- Price Range: $257,700 – $1,749,000
- Price per Sq Ft (Avg/Median): $417 / $377
- Square Footage (Avg/Median): 1,871 / 1,743
- Square Footage Range: 728 – 4,120
- Days on Market (Avg/Median): 76 / 35
- Days on Market Range: 3 – 348
- New Listings: 12
- Total Listings: 115
Sales by Property Type
Condo
Avg/Median Price$599,833 / $479,000Range$257,700 – $1,454,000Price per Sq Ft$412 / $359Sq Ft1,406 / 1,408DOM98 / 86New6Total60
Single Family
Avg/Median Price$1,181,860 / $1,165,000Range$695,990 – $1,749,000Price per Sq Ft$450 / $456Sq Ft2,656 / 2,560DOM50 / 31New4Total40
Townhouse
Avg/Median Price$575,225 / $545,000Range$299,900 – $989,990Price per Sq Ft$350 / $361Sq Ft1,638 / 1,697DOM60 / 33New2Total15
Sales by Bedroom Count
1 Beds
Avg:$288,683Median:$285,000Range:$257,700 – $324,900PSF:$366 / $370Sq Ft:790 / 796DOM:82 / 30New:1Total:6
2 Beds
Avg:$610,274Median:$499,000Range:$299,900 – $1,454,000PSF:$409 / $353Sq Ft:1,449 / 1,422DOM:92 / 85New:5Total:54
3 Beds
Avg:$819,003Median:$739,000Range:$365,000 – $1,659,000PSF:$410 / $370Sq Ft:1,974 / 1,868DOM:81 / 35New:4Total:25
4 Beds
Avg:$1,171,081Median:$1,100,000Range:$799,000 – $1,699,000PSF:$461 / $460Sq Ft:2,548 / 2,295DOM:39 / 31New:2Total:22
5 Beds
Avg:$1,370,875Median:$1,299,000Range:$1,170,000 – $1,749,000PSF:$411 / $416Sq Ft:3,348 / 3,224DOM:55 / 31New:0Total:8
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $288,683 | $285,000 | $257,700 – $324,900 | $366 / $370 | 790 / 796 | 82 / 30 | 1 | 6 |
| 2 Beds | $610,274 | $499,000 | $299,900 – $1,454,000 | $409 / $353 | 1,449 / 1,422 | 92 / 85 | 5 | 54 |
| 3 Beds | $819,003 | $739,000 | $365,000 – $1,659,000 | $410 / $370 | 1,974 / 1,868 | 81 / 35 | 4 | 25 |
| 4 Beds | $1,171,081 | $1,100,000 | $799,000 – $1,699,000 | $461 / $460 | 2,548 / 2,295 | 39 / 31 | 2 | 22 |
| 5 Beds | $1,370,875 | $1,299,000 | $1,170,000 – $1,749,000 | $411 / $416 | 3,348 / 3,224 | 55 / 31 | 0 | 8 |
Rental Market Overview
Median Rent
$1,950
0.0%
Median DOM
1
0.0%
New Listings
160
Inventory
445
−2.2%
- Average Rent: $2,257
- Median Rent: $1,950
- Rent Range: $1,395 – $9,675
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 999 / 888
- Square Footage Range: 468 – 3,972
- Days on Market (Avg/Median): 13 / 1
- Days on Market Range: 1 – 353
- New Listings: 160
- Total Listings: 445
Rentals by Property Type
Apartment
$1,927
Median DOM: 1
Inventory: 407
MoM: 0.0%
Condo
$1,750
Median DOM: 65
Inventory: 5
MoM: 0.0%
Single Family
$4,000
Median DOM: 29
Inventory: 16
MoM: 0.0%
Townhouse
$3,500
Median DOM: 56
Inventory: 17
MoM: 0.0%
Apartment
Avg/Median Rent$2,105 / $1,927Range$1,395 – $9,675Rent per Sq Ft$2 / $2Sq Ft919 / 849DOM8 / 1New155Total407
Condo
Avg/Median Rent$2,792 / $1,750Range$1,495 – $5,937Rent per Sq Ft$1 / $2Sq Ft1,101 / 985DOM97 / 65New1Total5
Single Family
Avg/Median Rent$4,468 / $4,000Range$2,700 – $6,550Rent per Sq Ft$2 / $2Sq Ft2,356 / 2,055DOM34 / 29New3Total16
Townhouse
Avg/Median Rent$3,637 / $3,500Range$1,750 – $6,800Rent per Sq Ft$2 / $2Sq Ft1,672 / 1,697DOM88 / 56New1Total17
Rentals by Bedroom Count
Studio
Avg:$1,610Median:$1,590Range:$1,449 – $1,969PSF:$3 / $3Sq Ft:589 / 602DOM:1 / 1New:13Total:26
1 Beds
Avg:$1,839Median:$1,804Range:$1,395 – $2,453PSF:$2 / $2Sq Ft:768 / 756DOM:7 / 1New:75Total:192
2 Beds
Avg:$2,430Median:$2,239Range:$1,495 – $6,203PSF:$2 / $2Sq Ft:1,117 / 1,103DOM:17 / 1New:62Total:188
3 Beds
Avg:$3,775Median:$3,413Range:$1,867 – $9,675PSF:$2 / $2Sq Ft:1,815 / 1,697DOM:30 / 5New:10Total:35
4 Beds
Avg:$4,950Median:$3,900Range:$3,900 – $6,000PSF:$2 / $2Sq Ft:2,110 / 2,030DOM:28 / 20New:0Total:2
5 Beds
Avg:$5,250Median:$4,800Range:$4,800 – $5,700PSF:$2 / $1Sq Ft:3,114 / 2,414DOM:19 / 18New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,610 | $1,590 | $1,449 – $1,969 | $3 / $3 | 589 / 602 | 1 / 1 | 13 | 26 |
| 1 Beds | $1,839 | $1,804 | $1,395 – $2,453 | $2 / $2 | 768 / 756 | 7 / 1 | 75 | 192 |
| 2 Beds | $2,430 | $2,239 | $1,495 – $6,203 | $2 / $2 | 1,117 / 1,103 | 17 / 1 | 62 | 188 |
| 3 Beds | $3,775 | $3,413 | $1,867 – $9,675 | $2 / $2 | 1,815 / 1,697 | 30 / 5 | 10 | 35 |
| 4 Beds | $4,950 | $3,900 | $3,900 – $6,000 | $2 / $2 | 2,110 / 2,030 | 28 / 20 | 0 | 2 |
| 5 Beds | $5,250 | $4,800 | $4,800 – $5,700 | $2 / $1 | 3,114 / 2,414 | 19 / 18 | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$599,990Median DOM:49New:19Total:107
Jan 2026
Median Price:$628,490Median DOM:38New:42Total:114
Feb 2026
Median Price:$640,000Median DOM:29New:35Total:133
Mar 2026
Median Price:$695,990Median DOM:31New:22Total:131
Apr 2026
Median Price:$630,000Median DOM:34New:25Total:117
May 2026
Median Price:$630,000Median DOM:35New:12Total:115
6-Month Rental Trend
Dec 2025
Median Rent:$2,350Median DOM:49New:24Total:105
Jan 2026
Median Rent:$2,203Median DOM:20New:48Total:130
Feb 2026
Median Rent:$2,080Median DOM:1New:225Total:316
Mar 2026
Median Rent:$1,985Median DOM:1New:283Total:413
Apr 2026
Median Rent:$1,950Median DOM:1New:311Total:455
May 2026
Median Rent:$1,950Median DOM:1New:160Total:445
Key Market Takeaways
Median sale prices held steady 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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