ZIP 85023 Housing Market Report
Phoenix Metro
Report period: March 2026
85023 Monthly Market Update – March 2026
ZIP 85023 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$415,000
+1.2%
Median DOM (Sales)
29
0.0%
New Listings (Sales)
11
−71.1%
Median Rent
$1,345
+1.5%
Median DOM (Rental)
1
0.0%
Total Rental Listings
294
+6.5%
Month-over-Month Movement
Median sale prices moved higher. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (27 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($795,000 median)
Sales Market Overview
Median Price
$415,000
+1.2%
Median DOM
29
0.0%
New Listings
11
−71.1%
Inventory
148
+2.8%
- Average Price: $427,363
- Median Price: $415,000
- Price Range: $15,000 – $1,700,000
- Price per Sq Ft (Avg/Median): $246 / $266
- Square Footage (Avg/Median): 1,671 / 1,522
- Square Footage Range: 579 – 7,235
- Days on Market (Avg/Median): 66 / 29
- Days on Market Range: 1 – 348
- New Listings: 11
- Total Listings: 148
Sales by Property Type
Condo
Avg/Median Price$240,655 / $210,000Range$164,900 – $515,000Price per Sq Ft$249 / $248Sq Ft973 / 927DOM77 / 31New0Total9
Land
Avg/Median Price$632,333 / $499,000Range$399,000 – $999,000Price per Sq Ft—Sq Ft—DOM170 / 151New0Total3
Manufactured
Avg/Median Price$82,954 / $55,900Range$15,000 – $249,900Price per Sq Ft$82 / $57Sq Ft1,032 / 960DOM95 / 64New1Total20
Single Family
Avg/Median Price$516,035 / $440,000Range$280,000 – $1,700,000Price per Sq Ft$278 / $279Sq Ft1,897 / 1,689DOM54 / 27New10Total104
Townhouse
Avg/Median Price$321,666 / $254,999Range$209,000 – $815,000Price per Sq Ft$245 / $220Sq Ft1,301 / 1,205DOM86 / 30New0Total12
Sales by Bedroom Count
1 Beds
Avg:$150,500Median:$172,000Range:$15,000 – $215,000PSF:$234 / $256Sq Ft:724 / 672DOM:136 / 69New:0Total:4
2 Beds
Avg:$195,733Median:$210,000Range:$19,000 – $470,000PSF:$176 / $220Sq Ft:1,080 / 952DOM:71 / 30New:2Total:30
3 Beds
Avg:$430,316Median:$425,000Range:$65,000 – $875,000PSF:$267 / $283Sq Ft:1,594 / 1,539DOM:61 / 29New:5Total:69
4 Beds
Avg:$566,060Median:$525,000Range:$280,000 – $985,000PSF:$267 / $270Sq Ft:2,138 / 2,048DOM:59 / 26New:4Total:35
5 Beds
Avg:$763,300Median:$435,000Range:$359,900 – $1,700,000PSF:$241 / $236Sq Ft:3,226 / 2,233DOM:25 / 9New:0Total:6
6 Beds
Avg:$795,000Median:$795,000Range:$795,000 – $795,000PSF:$279 / $279Sq Ft:2,853 / 2,853DOM:125 / 125New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $150,500 | $172,000 | $15,000 – $215,000 | $234 / $256 | 724 / 672 | 136 / 69 | 0 | 4 |
| 2 Beds | $195,733 | $210,000 | $19,000 – $470,000 | $176 / $220 | 1,080 / 952 | 71 / 30 | 2 | 30 |
| 3 Beds | $430,316 | $425,000 | $65,000 – $875,000 | $267 / $283 | 1,594 / 1,539 | 61 / 29 | 5 | 69 |
| 4 Beds | $566,060 | $525,000 | $280,000 – $985,000 | $267 / $270 | 2,138 / 2,048 | 59 / 26 | 4 | 35 |
| 5 Beds | $763,300 | $435,000 | $359,900 – $1,700,000 | $241 / $236 | 3,226 / 2,233 | 25 / 9 | 0 | 6 |
| 6 Beds | $795,000 | $795,000 | $795,000 – $795,000 | $279 / $279 | 2,853 / 2,853 | 125 / 125 | 0 | 1 |
Rental Market Overview
Median Rent
$1,345
+1.5%
Median DOM
1
0.0%
New Listings
117
Inventory
294
+6.5%
- Average Rent: $1,550
- Median Rent: $1,345
- Rent Range: $725 – $10,000
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,041 / 884
- Square Footage Range: 460 – 3,109
- Days on Market (Avg/Median): 23 / 1
- Days on Market Range: 1 – 345
- New Listings: 117
- Total Listings: 294
Rentals by Property Type
Apartment
$1,254
Median DOM: 1
Inventory: 222
MoM: +1.5%
Condo
$1,450
Median DOM: 10
Inventory: 2
MoM: +1.5%
Single Family
$2,195
Median DOM: 20
Inventory: 60
MoM: +1.5%
Townhouse
$1,925
Median DOM: 43
Inventory: 9
MoM: +1.5%
Apartment
Avg/Median Rent$1,306 / $1,254Range$804 – $3,830Rent per Sq Ft$2 / $2Sq Ft844 / 815DOM13 / 1New110Total222
Condo
Avg/Median Rent$1,525 / $1,450Range$1,450 – $1,600Rent per Sq Ft$2 / $2Sq Ft626 / 579DOM10 / 10New1Total2
Manufactured
Avg/Median Rent$1,350 / $1,350Range$1,350 – $1,350Rent per Sq Ft$1 / $1Sq Ft1,000 / 1,000DOM210 / 210New0Total1
Single Family
Avg/Median Rent$2,374 / $2,195Range$725 – $10,000Rent per Sq Ft$1 / $1Sq Ft1,754 / 1,655DOM48 / 20New5Total60
Townhouse
Avg/Median Rent$2,095 / $1,925Range$1,600 – $3,800Rent per Sq Ft$2 / $1Sq Ft1,354 / 1,310DOM77 / 43New1Total9
Rentals by Bedroom Count
Studio
Avg:$898Median:$899Range:$804 – $964PSF:$2 / $2Sq Ft:496 / 500DOM:44 / 1New:3Total:9
1 Beds
Avg:$1,152Median:$1,157Range:$725 – $2,095PSF:$2 / $2Sq Ft:741 / 715DOM:20 / 1New:43Total:91
2 Beds
Avg:$1,423Median:$1,349Range:$891 – $3,830PSF:$1 / $1Sq Ft:948 / 935DOM:13 / 1New:58Total:124
3 Beds
Avg:$2,074Median:$2,000Range:$1,200 – $2,795PSF:$1 / $1Sq Ft:1,520 / 1,444DOM:34 / 15New:13Total:55
4 Beds
Avg:$3,438Median:$2,799Range:$1,800 – $10,000PSF:$2 / $1Sq Ft:2,137 / 2,094DOM:77 / 41New:0Total:14
5 Beds
Avg:$4,100Median:$4,100Range:$4,100 – $4,100PSF:$2 / $2Sq Ft:2,228 / 2,228DOM:7 / 7New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $898 | $899 | $804 – $964 | $2 / $2 | 496 / 500 | 44 / 1 | 3 | 9 |
| 1 Beds | $1,152 | $1,157 | $725 – $2,095 | $2 / $2 | 741 / 715 | 20 / 1 | 43 | 91 |
| 2 Beds | $1,423 | $1,349 | $891 – $3,830 | $1 / $1 | 948 / 935 | 13 / 1 | 58 | 124 |
| 3 Beds | $2,074 | $2,000 | $1,200 – $2,795 | $1 / $1 | 1,520 / 1,444 | 34 / 15 | 13 | 55 |
| 4 Beds | $3,438 | $2,799 | $1,800 – $10,000 | $2 / $1 | 2,137 / 2,094 | 77 / 41 | 0 | 14 |
| 5 Beds | $4,100 | $4,100 | $4,100 – $4,100 | $2 / $2 | 2,228 / 2,228 | 7 / 7 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$410,000Median DOM:39New:40Total:171
Nov 2025
Median Price:$399,000Median DOM:40New:32Total:175
Dec 2025
Median Price:$395,000Median DOM:54New:23Total:147
Jan 2026
Median Price:$409,900Median DOM:44New:38Total:147
Feb 2026
Median Price:$410,000Median DOM:29New:38Total:144
Mar 2026
Median Price:$415,000Median DOM:29New:11Total:148
6-Month Rental Trend
Oct 2025
Median Rent:$1,900Median DOM:50New:24Total:108
Nov 2025
Median Rent:$1,873Median DOM:59New:15Total:111
Dec 2025
Median Rent:$1,790Median DOM:51New:27Total:118
Jan 2026
Median Rent:$1,700Median DOM:27New:39Total:128
Feb 2026
Median Rent:$1,325Median DOM:1New:180Total:276
Mar 2026
Median Rent:$1,345Median DOM:1New:117Total:294
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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