ZIP 85004 Housing Market Report
Phoenix Metro
Report period: March 2026
85004 Monthly Market Update – March 2026
ZIP 85004 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$504,900
0.0%
Median DOM (Sales)
84
−6.7%
New Listings (Sales)
6
−53.8%
Median Rent
$1,595
−2.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
468
+8.8%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (33 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($5,700,000 median)
Sales Market Overview
Median Price
$504,900
0.0%
Median DOM
84
−6.7%
New Listings
6
−53.8%
Inventory
78
+5.4%
- Average Price: $637,691
- Median Price: $504,900
- Price Range: $175,000 – $5,700,000
- Price per Sq Ft (Avg/Median): $359 / $345
- Square Footage (Avg/Median): 1,618 / 1,426
- Square Footage Range: 485 – 8,225
- Days on Market (Avg/Median): 112 / 84
- Days on Market Range: 4 – 356
- New Listings: 6
- Total Listings: 78
Sales by Property Type
Condo
Avg/Median Price$442,621 / $385,000Range$224,900 – $798,500Price per Sq Ft$342 / $339Sq Ft1,323 / 1,277DOM109 / 84New5Total49
Land
Avg/Median Price$973,750 / $225,000Range$175,000 – $1,999,999Price per Sq Ft—Sq Ft—DOM234 / 256New0Total4
Single Family
Avg/Median Price$2,198,000 / $1,950,000Range$340,000 – $5,700,000Price per Sq Ft$470 / $498Sq Ft3,894 / 3,915DOM55 / 33New0Total5
Townhouse
Avg/Median Price$658,324 / $624,900Range$329,500 – $1,024,900Price per Sq Ft$371 / $373Sq Ft1,772 / 1,881DOM111 / 111New1Total20
Sales by Bedroom Count
1 Beds
Avg:$333,547Median:$340,000Range:$224,900 – $448,000PSF:$371 / $343Sq Ft:938 / 975DOM:98 / 30New:1Total:17
2 Beds
Avg:$512,120Median:$525,000Range:$229,900 – $914,000PSF:$344 / $345Sq Ft:1,477 / 1,450DOM:118 / 124New:4Total:41
3 Beds
Avg:$823,405Median:$700,000Range:$340,000 – $2,550,000PSF:$353 / $339Sq Ft:2,222 / 2,150DOM:80 / 84New:1Total:14
4 Beds
Avg:$1,950,000Median:$1,950,000Range:$1,950,000 – $1,950,000PSF:$498 / $498Sq Ft:3,915 / 3,915DOM:21 / 21New:0Total:1
6 Beds
Avg:$5,700,000Median:$5,700,000Range:$5,700,000 – $5,700,000PSF:$693 / $693Sq Ft:8,225 / 8,225DOM:138 / 138New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $333,547 | $340,000 | $224,900 – $448,000 | $371 / $343 | 938 / 975 | 98 / 30 | 1 | 17 |
| 2 Beds | $512,120 | $525,000 | $229,900 – $914,000 | $344 / $345 | 1,477 / 1,450 | 118 / 124 | 4 | 41 |
| 3 Beds | $823,405 | $700,000 | $340,000 – $2,550,000 | $353 / $339 | 2,222 / 2,150 | 80 / 84 | 1 | 14 |
| 4 Beds | $1,950,000 | $1,950,000 | $1,950,000 – $1,950,000 | $498 / $498 | 3,915 / 3,915 | 21 / 21 | 0 | 1 |
| 6 Beds | $5,700,000 | $5,700,000 | $5,700,000 – $5,700,000 | $693 / $693 | 8,225 / 8,225 | 138 / 138 | 0 | 1 |
Rental Market Overview
Median Rent
$1,595
−2.6%
Median DOM
1
0.0%
New Listings
189
Inventory
468
+8.8%
- Average Rent: $1,745
- Median Rent: $1,595
- Rent Range: $749 – $8,789
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 806 / 744
- Square Footage Range: 250 – 2,970
- Days on Market (Avg/Median): 21 / 1
- Days on Market Range: 1 – 344
- New Listings: 189
- Total Listings: 468
Rentals by Property Type
Apartment
$1,575
Median DOM: 1
Inventory: 440
MoM: −2.6%
Condo
$2,350
Median DOM: 15
Inventory: 4
MoM: −2.6%
Single Family
$2,100
Median DOM: 26
Inventory: 13
MoM: −2.6%
Townhouse
$2,395
Median DOM: 57
Inventory: 11
MoM: −2.6%
Apartment
Avg/Median Rent$1,705 / $1,575Range$749 – $8,789Rent per Sq Ft$2 / $2Sq Ft770 / 725DOM17 / 1New186Total440
Condo
Avg/Median Rent$2,612 / $2,350Range$2,300 – $3,000Rent per Sq Ft$2 / $2Sq Ft1,374 / 1,398DOM19 / 15New0Total4
Single Family
Avg/Median Rent$2,166 / $2,100Range$925 – $4,950Rent per Sq Ft$2 / $2Sq Ft1,359 / 1,198DOM83 / 26New1Total13
Townhouse
Avg/Median Rent$2,529 / $2,395Range$1,500 – $4,495Rent per Sq Ft$2 / $2Sq Ft1,427 / 1,288DOM86 / 57New2Total11
Rentals by Bedroom Count
Studio
Avg:$1,308Median:$1,315Range:$760 – $2,246PSF:$3 / $3Sq Ft:494 / 505DOM:20 / 1New:57Total:132
1 Beds
Avg:$1,620Median:$1,579Range:$749 – $5,370PSF:$2 / $2Sq Ft:747 / 735DOM:18 / 1New:76Total:193
2 Beds
Avg:$2,238Median:$2,140Range:$1,100 – $3,750PSF:$2 / $2Sq Ft:1,127 / 1,087DOM:23 / 1New:53Total:130
3 Beds
Avg:$2,431Median:$2,500Range:$1,135 – $4,495PSF:$2 / $2Sq Ft:1,438 / 1,354DOM:66 / 7New:2Total:11
4 Beds
Avg:$6,870Median:$4,950Range:$4,950 – $8,789PSF:$2 / $2Sq Ft:2,922 / 2,873DOM:13 / 5New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,308 | $1,315 | $760 – $2,246 | $3 / $3 | 494 / 505 | 20 / 1 | 57 | 132 |
| 1 Beds | $1,620 | $1,579 | $749 – $5,370 | $2 / $2 | 747 / 735 | 18 / 1 | 76 | 193 |
| 2 Beds | $2,238 | $2,140 | $1,100 – $3,750 | $2 / $2 | 1,127 / 1,087 | 23 / 1 | 53 | 130 |
| 3 Beds | $2,431 | $2,500 | $1,135 – $4,495 | $2 / $2 | 1,438 / 1,354 | 66 / 7 | 2 | 11 |
| 4 Beds | $6,870 | $4,950 | $4,950 – $8,789 | $2 / $2 | 2,922 / 2,873 | 13 / 5 | 1 | 2 |
6-Month Sales Trend
Oct 2025
Median Price:$479,000Median DOM:102New:12Total:75
Nov 2025
Median Price:$499,000Median DOM:103New:7Total:72
Dec 2025
Median Price:$484,900Median DOM:106New:8Total:67
Jan 2026
Median Price:$450,000Median DOM:108New:10Total:66
Feb 2026
Median Price:$504,900Median DOM:90New:13Total:74
Mar 2026
Median Price:$504,900Median DOM:84New:6Total:78
6-Month Rental Trend
Oct 2025
Median Rent:$1,574Median DOM:49New:18Total:121
Nov 2025
Median Rent:$1,518Median DOM:56New:14Total:118
Dec 2025
Median Rent:$1,600Median DOM:46New:40Total:126
Jan 2026
Median Rent:$1,690Median DOM:16New:66Total:170
Feb 2026
Median Rent:$1,638Median DOM:1New:302Total:430
Mar 2026
Median Rent:$1,595Median DOM:1New:189Total:468
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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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