ZIP 85003 Housing Market Report
Phoenix Metro
Report period: March 2026
85003 Monthly Market Update – March 2026
ZIP 85003 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$759,000
+1.2%
Median DOM (Sales)
29
0.0%
New Listings (Sales)
8
−73.3%
Median Rent
$1,895
+3.5%
Median DOM (Rental)
10
+11.1%
Total Rental Listings
129
+4.0%
Month-over-Month Movement
Median sale prices moved higher. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (16 DOM)
- Fastest renting: Apartment (2 DOM)
- Strongest bedroom: 5 Beds ($1,699,999 median)
Sales Market Overview
Median Price
$759,000
+1.2%
Median DOM
29
0.0%
New Listings
8
−73.3%
Inventory
106
+10.4%
- Average Price: $871,800
- Median Price: $759,000
- Price Range: $174,999 – $4,400,000
- Price per Sq Ft (Avg/Median): $450 / $464
- Square Footage (Avg/Median): 1,972 / 1,687
- Square Footage Range: 720 – 10,510
- Days on Market (Avg/Median): 68 / 29
- Days on Market Range: 2 – 328
- New Listings: 8
- Total Listings: 106
Sales by Property Type
Condo
Avg/Median Price$608,745 / $460,000Range$229,000 – $2,000,000Price per Sq Ft$437 / $394Sq Ft1,383 / 1,352DOM115 / 96New1Total41
Land
Avg/Median Price$665,000 / $174,999Range$174,999 – $1,155,000Price per Sq Ft—Sq Ft—DOM—New0Total2
Multi-Family
Avg/Median Price$733,267 / $714,900Range$585,000 – $899,900Price per Sq Ft$566 / $566Sq Ft1,262 / 1,262DOM24 / 16New1Total3
Single Family
Avg/Median Price$985,638 / $879,900Range$199,000 – $2,748,000Price per Sq Ft$472 / $493Sq Ft2,157 / 1,901DOM37 / 25New5Total50
Townhouse
Avg/Median Price$1,464,060 / $799,000Range$368,800 – $4,400,000Price per Sq Ft$377 / $329Sq Ft3,533 / 2,132DOM47 / 32New1Total10
Sales by Bedroom Count
1 Beds
Avg:$391,627Median:$320,000Range:$229,000 – $899,000PSF:$437 / $382Sq Ft:866 / 837DOM:94 / 29New:0Total:11
2 Beds
Avg:$675,173Median:$629,000Range:$205,000 – $2,380,000PSF:$425 / $446Sq Ft:1,586 / 1,428DOM:94 / 33New:3Total:36
3 Beds
Avg:$957,926Median:$875,000Range:$199,000 – $4,400,000PSF:$468 / $483Sq Ft:2,114 / 1,901DOM:53 / 26New:2Total:43
4 Beds
Avg:$2,174,500Median:$1,500,000Range:$1,199,999 – $3,250,000PSF:$516 / $485Sq Ft:4,292 / 3,095DOM:41 / 30New:0Total:4
5 Beds
Avg:$1,616,000Median:$1,699,999Range:$1,285,000 – $1,775,000PSF:$550 / $551Sq Ft:2,963 / 2,873DOM:36 / 30New:1Total:5
6 Beds
Avg:$982,967Median:$899,900Range:$699,000 – $1,350,000PSF:$441 / $198Sq Ft:2,750 / 1,976DOM:29 / 29New:1Total:3
7 Beds
Avg:$774,500Median:$599,000Range:$599,000 – $950,000PSF:$205 / $120Sq Ft:4,137 / 3,267DOM:8 / 2New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $391,627 | $320,000 | $229,000 – $899,000 | $437 / $382 | 866 / 837 | 94 / 29 | 0 | 11 |
| 2 Beds | $675,173 | $629,000 | $205,000 – $2,380,000 | $425 / $446 | 1,586 / 1,428 | 94 / 33 | 3 | 36 |
| 3 Beds | $957,926 | $875,000 | $199,000 – $4,400,000 | $468 / $483 | 2,114 / 1,901 | 53 / 26 | 2 | 43 |
| 4 Beds | $2,174,500 | $1,500,000 | $1,199,999 – $3,250,000 | $516 / $485 | 4,292 / 3,095 | 41 / 30 | 0 | 4 |
| 5 Beds | $1,616,000 | $1,699,999 | $1,285,000 – $1,775,000 | $550 / $551 | 2,963 / 2,873 | 36 / 30 | 1 | 5 |
| 6 Beds | $982,967 | $899,900 | $699,000 – $1,350,000 | $441 / $198 | 2,750 / 1,976 | 29 / 29 | 1 | 3 |
| 7 Beds | $774,500 | $599,000 | $599,000 – $950,000 | $205 / $120 | 4,137 / 3,267 | 8 / 2 | 1 | 2 |
Rental Market Overview
Median Rent
$1,895
+3.5%
Median DOM
10
+11.1%
New Listings
35
Inventory
129
+4.0%
- Average Rent: $2,287
- Median Rent: $1,895
- Rent Range: $775 – $7,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,006 / 834
- Square Footage Range: 300 – 3,661
- Days on Market (Avg/Median): 50 / 10
- Days on Market Range: 1 – 340
- New Listings: 35
- Total Listings: 129
Rentals by Property Type
Apartment
$1,657
Median DOM: 2
Inventory: 103
MoM: +3.5%
Condo
$1,945
Median DOM: 8
Inventory: 3
MoM: +3.5%
Single Family
$2,800
Median DOM: 22
Inventory: 17
MoM: +3.5%
Townhouse
$2,050
Median DOM: 30
Inventory: 6
MoM: +3.5%
Apartment
Avg/Median Rent$2,133 / $1,657Range$775 – $7,001Rent per Sq Ft$2 / $2Sq Ft889 / 800DOM51 / 2New27Total103
Condo
Avg/Median Rent$1,657 / $1,945Range$1,025 – $2,000Rent per Sq Ft$2 / $2Sq Ft762 / 833DOM50 / 8New0Total3
Single Family
Avg/Median Rent$3,338 / $2,800Range$850 – $7,500Rent per Sq Ft$2 / $2Sq Ft1,496 / 1,442DOM54 / 22New6Total17
Townhouse
Avg/Median Rent$2,258 / $2,050Range$1,650 – $3,095Rent per Sq Ft$1 / $1Sq Ft1,679 / 1,585DOM36 / 30New2Total6
Rentals by Bedroom Count
Studio
Avg:$1,144Median:$1,095Range:$775 – $1,831PSF:$2 / $2Sq Ft:492 / 500DOM:72 / 27New:9Total:30
1 Beds
Avg:$1,931Median:$1,657Range:$799 – $3,995PSF:$2 / $2Sq Ft:803 / 779DOM:44 / 1New:13Total:47
2 Beds
Avg:$2,803Median:$2,450Range:$950 – $5,524PSF:$2 / $2Sq Ft:1,270 / 1,188DOM:34 / 10New:9Total:37
3 Beds
Avg:$4,641Median:$4,000Range:$2,199 – $7,001PSF:$2 / $2Sq Ft:2,064 / 1,754DOM:93 / 67New:1Total:7
4 Beds
Avg:$3,326Median:$2,350Range:$953 – $7,500PSF:$2 / $2Sq Ft:1,614 / 1,300DOM:68 / 11New:3Total:6
5 Beds
Avg:$6,900Median:$6,850Range:$6,850 – $6,950PSF:$2 / $2Sq Ft:3,224 / 2,786DOM:30 / 22New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,144 | $1,095 | $775 – $1,831 | $2 / $2 | 492 / 500 | 72 / 27 | 9 | 30 |
| 1 Beds | $1,931 | $1,657 | $799 – $3,995 | $2 / $2 | 803 / 779 | 44 / 1 | 13 | 47 |
| 2 Beds | $2,803 | $2,450 | $950 – $5,524 | $2 / $2 | 1,270 / 1,188 | 34 / 10 | 9 | 37 |
| 3 Beds | $4,641 | $4,000 | $2,199 – $7,001 | $2 / $2 | 2,064 / 1,754 | 93 / 67 | 1 | 7 |
| 4 Beds | $3,326 | $2,350 | $953 – $7,500 | $2 / $2 | 1,614 / 1,300 | 68 / 11 | 3 | 6 |
| 5 Beds | $6,900 | $6,850 | $6,850 – $6,950 | $2 / $2 | 3,224 / 2,786 | 30 / 22 | 0 | 2 |
6-Month Sales Trend
Oct 2025
Median Price:$634,000Median DOM:91New:15Total:79
Nov 2025
Median Price:$675,000Median DOM:43New:16Total:84
Dec 2025
Median Price:$725,000Median DOM:55New:13Total:79
Jan 2026
Median Price:$769,000Median DOM:44New:22Total:81
Feb 2026
Median Price:$750,000Median DOM:29New:30Total:96
Mar 2026
Median Price:$759,000Median DOM:29New:8Total:106
6-Month Rental Trend
Oct 2025
Median Rent:$1,995Median DOM:35New:21Total:81
Nov 2025
Median Rent:$1,833Median DOM:47New:15Total:86
Dec 2025
Median Rent:$1,695Median DOM:57New:15Total:90
Jan 2026
Median Rent:$1,945Median DOM:60New:17Total:85
Feb 2026
Median Rent:$1,831Median DOM:9New:58Total:124
Mar 2026
Median Rent:$1,895Median DOM:10New:35Total:129
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market were unchanged, signaling steady buyer activity. Rental pricing increased, while total rental inventory increased.
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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