ZIP 85012 Housing Market Report
Phoenix Metro
Report period: March 2026
85012 Monthly Market Update – March 2026
ZIP 85012 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$519,900
−1.0%
Median DOM (Sales)
29
0.0%
New Listings (Sales)
11
−42.1%
Median Rent
$1,400
+0.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
144
+3.6%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (18 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 4 Beds ($1,999,000 median)
Sales Market Overview
Median Price
$519,900
−1.0%
Median DOM
29
0.0%
New Listings
11
−42.1%
Inventory
104
+9.5%
- Average Price: $644,546
- Median Price: $519,900
- Price Range: $119,900 – $3,500,000
- Price per Sq Ft (Avg/Median): $375 / $381
- Square Footage (Avg/Median): 1,571 / 1,169
- Square Footage Range: 442 – 5,810
- Days on Market (Avg/Median): 61 / 29
- Days on Market Range: 2 – 262
- New Listings: 11
- Total Listings: 104
Sales by Property Type
Condo
Avg/Median Price$350,132 / $365,000Range$119,900 – $625,000Price per Sq Ft$332 / $349Sq Ft1,024 / 1,089DOM69 / 30New5Total65
Land
Avg/Median Price$1,395,000 / $1,395,000Range$1,395,000 – $1,395,000Price per Sq Ft—Sq Ft—DOM83 / 83New0Total1
Single Family
Avg/Median Price$1,250,509 / $899,999Range$549,900 – $3,500,000Price per Sq Ft$479 / $460Sq Ft2,606 / 2,349DOM49 / 18New6Total30
Townhouse
Avg/Median Price$670,486 / $529,900Range$339,000 – $1,075,000Price per Sq Ft$333 / $301Sq Ft2,134 / 1,933DOM53 / 29New0Total8
Sales by Bedroom Count
Studio
Avg:$130,000Median:$130,000Range:$130,000 – $130,000PSF:$294 / $294Sq Ft:442 / 442DOM:30 / 30New:0Total:1
1 Beds
Avg:$217,262Median:$168,000Range:$119,900 – $425,830PSF:$291 / $231Sq Ft:741 / 734DOM:70 / 30New:4Total:29
2 Beds
Avg:$480,732Median:$519,900Range:$157,999 – $795,000PSF:$389 / $401Sq Ft:1,242 / 1,125DOM:74 / 33New:1Total:37
3 Beds
Avg:$830,711Median:$699,990Range:$284,900 – $1,750,000PSF:$395 / $388Sq Ft:2,127 / 1,933DOM:44 / 29New:2Total:24
4 Beds
Avg:$1,819,800Median:$1,999,000Range:$899,999 – $2,850,000PSF:$540 / $523Sq Ft:3,408 / 3,219DOM:32 / 9New:3Total:5
5 Beds
Avg:$1,834,833Median:$1,300,000Range:$899,000 – $3,500,000PSF:$483 / $417Sq Ft:3,758 / 2,984DOM:70 / 25New:1Total:6
6 Beds
Avg:$1,375,000Median:$1,375,000Range:$1,375,000 – $1,375,000PSF:$423 / $423Sq Ft:3,247 / 3,247DOM:4 / 4New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $130,000 | $130,000 | $130,000 – $130,000 | $294 / $294 | 442 / 442 | 30 / 30 | 0 | 1 |
| 1 Beds | $217,262 | $168,000 | $119,900 – $425,830 | $291 / $231 | 741 / 734 | 70 / 30 | 4 | 29 |
| 2 Beds | $480,732 | $519,900 | $157,999 – $795,000 | $389 / $401 | 1,242 / 1,125 | 74 / 33 | 1 | 37 |
| 3 Beds | $830,711 | $699,990 | $284,900 – $1,750,000 | $395 / $388 | 2,127 / 1,933 | 44 / 29 | 2 | 24 |
| 4 Beds | $1,819,800 | $1,999,000 | $899,999 – $2,850,000 | $540 / $523 | 3,408 / 3,219 | 32 / 9 | 3 | 5 |
| 5 Beds | $1,834,833 | $1,300,000 | $899,000 – $3,500,000 | $483 / $417 | 3,758 / 2,984 | 70 / 25 | 1 | 6 |
| 6 Beds | $1,375,000 | $1,375,000 | $1,375,000 – $1,375,000 | $423 / $423 | 3,247 / 3,247 | 4 / 4 | 0 | 1 |
Rental Market Overview
Median Rent
$1,400
+0.1%
Median DOM
1
0.0%
New Listings
57
Inventory
144
+3.6%
- Average Rent: $1,573
- Median Rent: $1,400
- Rent Range: $799 – $4,750
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 810 / 716
- Square Footage Range: 364 – 2,349
- Days on Market (Avg/Median): 27 / 1
- Days on Market Range: 1 – 277
- New Listings: 57
- Total Listings: 144
Rentals by Property Type
Apartment
$1,395
Median DOM: 1
Inventory: 135
MoM: +0.1%
Condo
$1,525
Median DOM: 63
Inventory: 3
MoM: +0.1%
Single Family
$2,995
Median DOM: 24
Inventory: 5
MoM: +0.1%
Townhouse
$2,650
Median DOM: 96
Inventory: 1
MoM: +0.1%
Apartment
Avg/Median Rent$1,515 / $1,395Range$799 – $2,547Rent per Sq Ft$2 / $2Sq Ft773 / 700DOM24 / 1New56Total135
Condo
Avg/Median Rent$1,592 / $1,525Range$1,350 – $1,900Rent per Sq Ft$2 / $2Sq Ft819 / 754DOM69 / 63New0Total3
Single Family
Avg/Median Rent$2,919 / $2,995Range$1,450 – $4,750Rent per Sq Ft$2 / $2Sq Ft1,680 / 1,584DOM48 / 24New1Total5
Townhouse
Avg/Median Rent$2,650 / $2,650Range$2,650 – $2,650Rent per Sq Ft$2 / $2Sq Ft1,401 / 1,401DOM96 / 96New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,287Median:$1,291Range:$799 – $2,100PSF:$2 / $2Sq Ft:547 / 536DOM:20 / 1New:4Total:21
1 Beds
Avg:$1,400Median:$1,350Range:$910 – $1,900PSF:$2 / $2Sq Ft:701 / 696DOM:25 / 1New:33Total:77
2 Beds
Avg:$1,836Median:$1,900Range:$1,295 – $2,547PSF:$2 / $2Sq Ft:1,020 / 1,064DOM:29 / 1New:18Total:40
3 Beds
Avg:$2,696Median:$2,650Range:$2,149 – $3,250PSF:$2 / $2Sq Ft:1,636 / 1,490DOM:63 / 75New:2Total:5
4 Beds
Avg:$4,750Median:$4,750Range:$4,750 – $4,750PSF:$2 / $2Sq Ft:2,151 / 2,151DOM:24 / 24New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,287 | $1,291 | $799 – $2,100 | $2 / $2 | 547 / 536 | 20 / 1 | 4 | 21 |
| 1 Beds | $1,400 | $1,350 | $910 – $1,900 | $2 / $2 | 701 / 696 | 25 / 1 | 33 | 77 |
| 2 Beds | $1,836 | $1,900 | $1,295 – $2,547 | $2 / $2 | 1,020 / 1,064 | 29 / 1 | 18 | 40 |
| 3 Beds | $2,696 | $2,650 | $2,149 – $3,250 | $2 / $2 | 1,636 / 1,490 | 63 / 75 | 2 | 5 |
| 4 Beds | $4,750 | $4,750 | $4,750 – $4,750 | $2 / $2 | 2,151 / 2,151 | 24 / 24 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$525,000Median DOM:81New:16Total:82
Nov 2025
Median Price:$535,000Median DOM:43New:12Total:82
Dec 2025
Median Price:$532,500Median DOM:73New:9Total:82
Jan 2026
Median Price:$529,000Median DOM:39New:24Total:90
Feb 2026
Median Price:$525,000Median DOM:29New:19Total:95
Mar 2026
Median Price:$519,900Median DOM:29New:11Total:104
6-Month Rental Trend
Oct 2025
Median Rent:$1,386Median DOM:79New:6Total:56
Nov 2025
Median Rent:$1,464Median DOM:83New:7Total:57
Dec 2025
Median Rent:$1,458Median DOM:40New:23Total:72
Jan 2026
Median Rent:$1,425Median DOM:22New:24Total:83
Feb 2026
Median Rent:$1,399Median DOM:1New:79Total:139
Mar 2026
Median Rent:$1,400Median DOM:1New:57Total:144
Key Market Takeaways
Median sale prices softened 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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