ZIP 85008 Housing Market Report
Phoenix Metro
Report period: March 2026
85008 Monthly Market Update – March 2026
ZIP 85008 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$415,000
0.0%
Median DOM (Sales)
33
−25.0%
New Listings (Sales)
16
−54.3%
Median Rent
$1,395
−0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
532
+12.5%
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 (29 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($1,190,000 median)
Sales Market Overview
Median Price
$415,000
0.0%
Median DOM
33
−25.0%
New Listings
16
−54.3%
Inventory
176
+4.1%
- Average Price: $516,645
- Median Price: $415,000
- Price Range: $155,000 – $2,499,000
- Price per Sq Ft (Avg/Median): $329 / $311
- Square Footage (Avg/Median): 1,492 / 1,309
- Square Footage Range: 552 – 4,176
- Days on Market (Avg/Median): 81 / 33
- Days on Market Range: 2 – 327
- New Listings: 16
- Total Listings: 176
Sales by Property Type
Condo
Avg/Median Price$242,994 / $239,000Range$169,500 – $325,000Price per Sq Ft$287 / $295Sq Ft850 / 847DOM88 / 34New1Total29
Land
Avg/Median Price$487,280 / $375,000Range$155,000 – $1,450,000Price per Sq Ft—Sq Ft—DOM135 / 95New0Total10
Multi-Family
Avg/Median Price$831,336 / $650,000Range$425,000 – $1,595,000Price per Sq Ft$356 / $317Sq Ft2,144 / 2,000DOM89 / 90New0Total11
Single Family
Avg/Median Price$630,609 / $500,000Range$165,000 – $2,499,000Price per Sq Ft$354 / $342Sq Ft1,774 / 1,584DOM72 / 29New13Total96
Townhouse
Avg/Median Price$310,890 / $304,999Range$189,999 – $475,000Price per Sq Ft$286 / $288Sq Ft1,102 / 1,062DOM83 / 33New2Total30
Sales by Bedroom Count
1 Beds
Avg:$216,011Median:$215,000Range:$169,500 – $355,000PSF:$300 / $294Sq Ft:722 / 761DOM:116 / 34New:0Total:18
2 Beds
Avg:$309,445Median:$299,999Range:$165,000 – $529,000PSF:$314 / $307Sq Ft:994 / 968DOM:75 / 33New:4Total:50
3 Beds
Avg:$510,963Median:$460,000Range:$269,900 – $1,100,000PSF:$332 / $329Sq Ft:1,550 / 1,467DOM:68 / 29New:8Total:55
4 Beds
Avg:$903,908Median:$750,000Range:$450,000 – $2,499,000PSF:$381 / $373Sq Ft:2,289 / 2,126DOM:96 / 78New:1Total:25
5 Beds
Avg:$864,855Median:$599,900Range:$474,900 – $1,739,995PSF:$349 / $313Sq Ft:2,148 / 1,868DOM:40 / 20New:2Total:9
6 Beds
Avg:$686,975Median:$599,000Range:$550,000 – $899,900PSF:$219 / $190Sq Ft:2,987 / 2,827DOM:18 / 11New:1Total:4
7 Beds
Avg:$1,068,500Median:$850,000Range:$825,000 – $1,300,000PSF:$290 / $311Sq Ft:3,437 / 3,534DOM:107 / 75New:0Total:4
8 Beds
Avg:$1,190,000Median:$1,190,000Range:$1,190,000 – $1,190,000PSF:$381 / $381Sq Ft:3,120 / 3,120DOM:130 / 130New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $216,011 | $215,000 | $169,500 – $355,000 | $300 / $294 | 722 / 761 | 116 / 34 | 0 | 18 |
| 2 Beds | $309,445 | $299,999 | $165,000 – $529,000 | $314 / $307 | 994 / 968 | 75 / 33 | 4 | 50 |
| 3 Beds | $510,963 | $460,000 | $269,900 – $1,100,000 | $332 / $329 | 1,550 / 1,467 | 68 / 29 | 8 | 55 |
| 4 Beds | $903,908 | $750,000 | $450,000 – $2,499,000 | $381 / $373 | 2,289 / 2,126 | 96 / 78 | 1 | 25 |
| 5 Beds | $864,855 | $599,900 | $474,900 – $1,739,995 | $349 / $313 | 2,148 / 1,868 | 40 / 20 | 2 | 9 |
| 6 Beds | $686,975 | $599,000 | $550,000 – $899,900 | $219 / $190 | 2,987 / 2,827 | 18 / 11 | 1 | 4 |
| 7 Beds | $1,068,500 | $850,000 | $825,000 – $1,300,000 | $290 / $311 | 3,437 / 3,534 | 107 / 75 | 0 | 4 |
| 8 Beds | $1,190,000 | $1,190,000 | $1,190,000 – $1,190,000 | $381 / $381 | 3,120 / 3,120 | 130 / 130 | 0 | 1 |
Rental Market Overview
Median Rent
$1,395
−0.3%
Median DOM
1
0.0%
New Listings
189
Inventory
532
+12.5%
- Average Rent: $1,560
- Median Rent: $1,395
- Rent Range: $697 – $7,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 944 / 847
- Square Footage Range: 300 – 6,759
- Days on Market (Avg/Median): 42 / 1
- Days on Market Range: 1 – 350
- New Listings: 189
- Total Listings: 532
Rentals by Property Type
Apartment
$1,329
Median DOM: 1
Inventory: 416
MoM: −0.3%
Condo
$1,350
Median DOM: 24
Inventory: 8
MoM: −0.3%
Single Family
$2,135
Median DOM: 62
Inventory: 63
MoM: −0.3%
Townhouse
$1,750
Median DOM: 38
Inventory: 45
MoM: −0.3%
Apartment
Avg/Median Rent$1,409 / $1,329Range$697 – $5,820Rent per Sq Ft$2 / $2Sq Ft838 / 800DOM35 / 1New178Total416
Condo
Avg/Median Rent$1,467 / $1,350Range$1,140 – $2,200Rent per Sq Ft$2 / $2Sq Ft894 / 847DOM36 / 24New0Total8
Single Family
Avg/Median Rent$2,376 / $2,135Range$750 – $7,500Rent per Sq Ft$2 / $2Sq Ft1,421 / 1,400DOM81 / 62New7Total63
Townhouse
Avg/Median Rent$1,830 / $1,750Range$850 – $2,950Rent per Sq Ft$2 / $2Sq Ft1,267 / 1,050DOM60 / 38New4Total45
Rentals by Bedroom Count
Studio
Avg:$996Median:$986Range:$697 – $1,439PSF:$2 / $2Sq Ft:487 / 521DOM:58 / 1New:9Total:31
1 Beds
Avg:$1,232Median:$1,205Range:$730 – $3,200PSF:$2 / $2Sq Ft:704 / 700DOM:46 / 1New:71Total:188
2 Beds
Avg:$1,550Median:$1,520Range:$895 – $2,640PSF:$2 / $2Sq Ft:991 / 968DOM:29 / 1New:89Total:228
3 Beds
Avg:$2,278Median:$2,095Range:$1,050 – $6,995PSF:$2 / $2Sq Ft:1,362 / 1,295DOM:54 / 14New:19Total:68
4 Beds
Avg:$3,441Median:$3,300Range:$850 – $7,500PSF:$2 / $2Sq Ft:2,053 / 2,107DOM:120 / 83New:0Total:15
5 Beds
Avg:$3,200Median:$3,200Range:$3,200 – $3,200PSF:$2 / $2Sq Ft:1,918 / 1,918DOM:88 / 88New:0Total:1
6 Beds
Avg:$4,500Median:$4,500Range:$4,500 – $4,500PSF:$2 / $2Sq Ft:2,827 / 2,827DOM:3 / 3New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $996 | $986 | $697 – $1,439 | $2 / $2 | 487 / 521 | 58 / 1 | 9 | 31 |
| 1 Beds | $1,232 | $1,205 | $730 – $3,200 | $2 / $2 | 704 / 700 | 46 / 1 | 71 | 188 |
| 2 Beds | $1,550 | $1,520 | $895 – $2,640 | $2 / $2 | 991 / 968 | 29 / 1 | 89 | 228 |
| 3 Beds | $2,278 | $2,095 | $1,050 – $6,995 | $2 / $2 | 1,362 / 1,295 | 54 / 14 | 19 | 68 |
| 4 Beds | $3,441 | $3,300 | $850 – $7,500 | $2 / $2 | 2,053 / 2,107 | 120 / 83 | 0 | 15 |
| 5 Beds | $3,200 | $3,200 | $3,200 – $3,200 | $2 / $2 | 1,918 / 1,918 | 88 / 88 | 0 | 1 |
| 6 Beds | $4,500 | $4,500 | $4,500 – $4,500 | $2 / $2 | 2,827 / 2,827 | 3 / 3 | 1 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$415,000Median DOM:51New:23Total:166
Nov 2025
Median Price:$414,900Median DOM:86New:23Total:163
Dec 2025
Median Price:$400,000Median DOM:99New:18Total:146
Jan 2026
Median Price:$425,000Median DOM:85New:34Total:158
Feb 2026
Median Price:$415,000Median DOM:44New:35Total:169
Mar 2026
Median Price:$415,000Median DOM:33New:16Total:176
6-Month Rental Trend
Oct 2025
Median Rent:$1,399Median DOM:65New:52Total:259
Nov 2025
Median Rent:$1,499Median DOM:59New:52Total:278
Dec 2025
Median Rent:$1,497Median DOM:51New:62Total:299
Jan 2026
Median Rent:$1,395Median DOM:51New:56Total:297
Feb 2026
Median Rent:$1,399Median DOM:1New:259Total:473
Mar 2026
Median Rent:$1,395Median DOM:1New:189Total:532
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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