ZIP 85031 Housing Market Report
Phoenix Metro
Report period: March 2026
85031 Monthly Market Update – March 2026
ZIP 85031 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$310,000
+0.0%
Median DOM (Sales)
40
+11.1%
New Listings (Sales)
3
−84.2%
Median Rent
$1,314
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
133
+12.7%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (15 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($370,000 median)
Sales Market Overview
Median Price
$310,000
+0.0%
Median DOM
40
+11.1%
New Listings
3
−84.2%
Inventory
95
−1.0%
- Average Price: $224,088
- Median Price: $310,000
- Price Range: $5,000 – $430,000
- Price per Sq Ft (Avg/Median): $189 / $199
- Square Footage (Avg/Median): 1,383 / 1,428
- Square Footage Range: 632 – 2,300
- Days on Market (Avg/Median): 76 / 40
- Days on Market Range: 3 – 356
- New Listings: 3
- Total Listings: 95
Sales by Property Type
Condo
Avg/Median Price$93,475 / $80,000Range$80,000 – $129,000Price per Sq Ft$126 / $119Sq Ft738 / 672DOM65 / 15New0Total4
Manufactured
Avg/Median Price$31,182 / $25,000Range$5,000 – $80,000Price per Sq Ft$61 / $79Sq Ft815 / 632DOM101 / 87New0Total29
Single Family
Avg/Median Price$343,460 / $340,000Range$219,900 – $430,000Price per Sq Ft$225 / $218Sq Ft1,583 / 1,601DOM67 / 29New3Total55
Townhouse
Avg/Median Price$159,985 / $156,000Range$119,000 – $209,999Price per Sq Ft$148 / $135Sq Ft1,075 / 1,026DOM64 / 33New0Total7
Sales by Bedroom Count
1 Beds
Avg:$51,980Median:$80,000Range:$5,000 – $84,900PSF:$121 / $119Sq Ft:672 / 672DOM:54 / 29New:0Total:5
2 Beds
Avg:$55,153Median:$49,900Range:$10,000 – $309,900PSF:$99 / $79Sq Ft:859 / 936DOM:95 / 87New:0Total:30
3 Beds
Avg:$296,767Median:$334,900Range:$22,500 – $365,000PSF:$227 / $228Sq Ft:1,370 / 1,338DOM:64 / 30New:2Total:31
4 Beds
Avg:$341,581Median:$340,000Range:$219,900 – $429,900PSF:$207 / $198Sq Ft:1,686 / 1,697DOM:69 / 27New:1Total:22
5 Beds
Avg:$379,900Median:$370,000Range:$324,500 – $430,000PSF:$199 / $198Sq Ft:1,917 / 1,972DOM:93 / 82New:0Total:7
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $51,980 | $80,000 | $5,000 – $84,900 | $121 / $119 | 672 / 672 | 54 / 29 | 0 | 5 |
| 2 Beds | $55,153 | $49,900 | $10,000 – $309,900 | $99 / $79 | 859 / 936 | 95 / 87 | 0 | 30 |
| 3 Beds | $296,767 | $334,900 | $22,500 – $365,000 | $227 / $228 | 1,370 / 1,338 | 64 / 30 | 2 | 31 |
| 4 Beds | $341,581 | $340,000 | $219,900 – $429,900 | $207 / $198 | 1,686 / 1,697 | 69 / 27 | 1 | 22 |
| 5 Beds | $379,900 | $370,000 | $324,500 – $430,000 | $199 / $198 | 1,917 / 1,972 | 93 / 82 | 0 | 7 |
Rental Market Overview
Median Rent
$1,314
0.0%
Median DOM
1
0.0%
New Listings
68
Inventory
133
+12.7%
- Average Rent: $1,298
- Median Rent: $1,314
- Rent Range: $675 – $2,095
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 898 / 936
- Square Footage Range: 335 – 5,262
- Days on Market (Avg/Median): 12 / 1
- Days on Market Range: 1 – 291
- New Listings: 68
- Total Listings: 133
Rentals by Property Type
Apartment
$1,270
Median DOM: 1
Inventory: 105
MoM: 0.0%
Condo
$1,045
Median DOM: 1
Inventory: 4
MoM: 0.0%
Single Family
$1,400
Median DOM: 19
Inventory: 21
MoM: 0.0%
Townhouse
$1,500
Median DOM: 89
Inventory: 2
MoM: 0.0%
Apartment
Avg/Median Rent$1,250 / $1,270Range$675 – $1,768Rent per Sq Ft$2 / $2Sq Ft828 / 936DOM8 / 1New64Total105
Condo
Avg/Median Rent$1,242 / $1,045Range$675 – $1,750Rent per Sq Ft$1 / $1Sq Ft879 / 675DOM21 / 1New0Total4
Manufactured
Avg/Median Rent$1,400 / $1,400Range$1,400 – $1,400Rent per Sq Ft$2 / $2Sq Ft632 / 632DOM30 / 30New0Total1
Single Family
Avg/Median Rent$1,510 / $1,400Range$825 – $2,095Rent per Sq Ft$2 / $2Sq Ft1,239 / 672DOM16 / 19New4Total21
Townhouse
Avg/Median Rent$1,650 / $1,500Range$1,500 – $1,800Rent per Sq Ft$1 / $1Sq Ft1,201 / 1,159DOM144 / 89New0Total2
Rentals by Bedroom Count
Studio
Avg:$739Median:$739Range:$739 – $739PSF:$2 / $2Sq Ft:335 / 335DOM:216 / 216New:0Total:1
1 Beds
Avg:$1,060Median:$1,033Range:$675 – $1,500PSF:$2 / $2Sq Ft:661 / 675DOM:3 / 1New:24Total:43
2 Beds
Avg:$1,364Median:$1,353Range:$1,100 – $1,750PSF:$2 / $1Sq Ft:884 / 936DOM:13 / 1New:35Total:72
3 Beds
Avg:$1,617Median:$1,665Range:$1,045 – $1,849PSF:$1 / $1Sq Ft:1,565 / 1,296DOM:18 / 1New:7Total:15
4 Beds
Avg:$1,750Median:$1,750Range:$1,750 – $1,750PSF:$1 / $1Sq Ft:1,401 / 1,401DOM:4 / 4New:1Total:1
5 Beds
Avg:$2,095Median:$2,095Range:$2,095 – $2,095PSF:$1 / $1Sq Ft:2,228 / 2,228DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $739 | $739 | $739 – $739 | $2 / $2 | 335 / 335 | 216 / 216 | 0 | 1 |
| 1 Beds | $1,060 | $1,033 | $675 – $1,500 | $2 / $2 | 661 / 675 | 3 / 1 | 24 | 43 |
| 2 Beds | $1,364 | $1,353 | $1,100 – $1,750 | $2 / $1 | 884 / 936 | 13 / 1 | 35 | 72 |
| 3 Beds | $1,617 | $1,665 | $1,045 – $1,849 | $1 / $1 | 1,565 / 1,296 | 18 / 1 | 7 | 15 |
| 4 Beds | $1,750 | $1,750 | $1,750 – $1,750 | $1 / $1 | 1,401 / 1,401 | 4 / 4 | 1 | 1 |
| 5 Beds | $2,095 | $2,095 | $2,095 – $2,095 | $1 / $1 | 2,228 / 2,228 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$315,000Median DOM:100New:11Total:84
Nov 2025
Median Price:$324,900Median DOM:93New:17Total:92
Dec 2025
Median Price:$284,990Median DOM:47New:24Total:97
Jan 2026
Median Price:$299,000Median DOM:44New:18Total:92
Feb 2026
Median Price:$309,900Median DOM:36New:19Total:96
Mar 2026
Median Price:$310,000Median DOM:40New:3Total:95
6-Month Rental Trend
Oct 2025
Median Rent:$1,389Median DOM:67New:3Total:23
Nov 2025
Median Rent:$1,500Median DOM:95New:1Total:23
Dec 2025
Median Rent:$1,335Median DOM:30New:8Total:29
Jan 2026
Median Rent:$1,436Median DOM:24New:15Total:36
Feb 2026
Median Rent:$1,314Median DOM:1New:91Total:118
Mar 2026
Median Rent:$1,314Median DOM:1New:68Total:133
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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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