ZIP 85045 Housing Market Report
Phoenix Metro
Report period: March 2026
85045 Monthly Market Update – March 2026
ZIP 85045 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$629,900
−3.1%
Median DOM (Sales)
28
−3.4%
New Listings (Sales)
7
−58.8%
Median Rent
$2,800
0.0%
Median DOM (Rental)
60
0.0%
Total Rental Listings
19
0.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable.
What's Moving Fastest
- Fastest selling: Townhouse (6 DOM)
- Fastest renting: Single Family (55 DOM)
- Strongest bedroom: 5 Beds ($874,999 median)
Sales Market Overview
Median Price
$629,900
−3.1%
Median DOM
28
−3.4%
New Listings
7
−58.8%
Inventory
74
+7.2%
- Average Price: $722,481
- Median Price: $629,900
- Price Range: $339,000 – $2,599,000
- Price per Sq Ft (Avg/Median): $315 / $306
- Square Footage (Avg/Median): 2,453 / 2,224
- Square Footage Range: 1,169 – 4,925
- Days on Market (Avg/Median): 63 / 28
- Days on Market Range: 2 – 356
- New Listings: 7
- Total Listings: 74
Sales by Property Type
Condo
Avg/Median Price$449,500 / $440,000Range$440,000 – $459,000Price per Sq Ft$298 / $276Sq Ft1,514 / 1,435DOM27 / 24New0Total2
Land
Avg/Median Price$486,325 / $449,000Range$339,000 – $749,500Price per Sq Ft—Sq Ft—DOM248 / 238New0Total12
Single Family
Avg/Median Price$789,650 / $699,950Range$445,000 – $2,599,000Price per Sq Ft$316 / $306Sq Ft2,518 / 2,280DOM35 / 22New6Total58
Townhouse
Avg/Median Price$464,500 / $459,000Range$459,000 – $470,000Price per Sq Ft$308 / $288Sq Ft1,514 / 1,435DOM82 / 6New1Total2
Sales by Bedroom Count
2 Beds
Avg:$457,000Median:$459,000Range:$440,000 – $470,000PSF:$303 / $288Sq Ft:1,514 / 1,435DOM:54 / 24New:1Total:4
3 Beds
Avg:$600,275Median:$555,000Range:$445,000 – $950,000PSF:$339 / $329Sq Ft:1,783 / 1,740DOM:24 / 25New:3Total:23
4 Beds
Avg:$772,059Median:$729,900Range:$459,850 – $1,175,000PSF:$292 / $298Sq Ft:2,639 / 2,437DOM:57 / 28New:2Total:17
5 Beds
Avg:$965,648Median:$874,999Range:$624,999 – $1,675,000PSF:$298 / $303Sq Ft:3,244 / 3,322DOM:30 / 14New:1Total:16
6 Beds
Avg:$1,709,000Median:$819,000Range:$819,000 – $2,599,000PSF:$392 / $227Sq Ft:4,138 / 3,601DOM:17 / 3New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $457,000 | $459,000 | $440,000 – $470,000 | $303 / $288 | 1,514 / 1,435 | 54 / 24 | 1 | 4 |
| 3 Beds | $600,275 | $555,000 | $445,000 – $950,000 | $339 / $329 | 1,783 / 1,740 | 24 / 25 | 3 | 23 |
| 4 Beds | $772,059 | $729,900 | $459,850 – $1,175,000 | $292 / $298 | 2,639 / 2,437 | 57 / 28 | 2 | 17 |
| 5 Beds | $965,648 | $874,999 | $624,999 – $1,675,000 | $298 / $303 | 3,244 / 3,322 | 30 / 14 | 1 | 16 |
| 6 Beds | $1,709,000 | $819,000 | $819,000 – $2,599,000 | $392 / $227 | 4,138 / 3,601 | 17 / 3 | 0 | 2 |
Rental Market Overview
Median Rent
$2,800
0.0%
Median DOM
60
0.0%
New Listings
2
Inventory
19
0.0%
- Average Rent: $2,875
- Median Rent: $2,800
- Rent Range: $1,995 – $4,000
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 2,087 / 1,996
- Square Footage Range: 1,603 – 3,773
- Days on Market (Avg/Median): 88 / 60
- Days on Market Range: 1 – 316
- New Listings: 2
- Total Listings: 19
Rentals by Property Type
Apartment
$2,845
Median DOM: 183
Inventory: 2
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,700
Median DOM: 55
Inventory: 17
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$2,922 / $2,845Range$2,845 – $3,000Rent per Sq Ft$2 / $2Sq Ft1,634 / 1,633DOM250 / 183New0Total2
Single Family
Avg/Median Rent$2,869 / $2,700Range$1,995 – $4,000Rent per Sq Ft$1 / $1Sq Ft2,140 / 2,050DOM66 / 55New2Total17
Rentals by Bedroom Count
2 Beds
Avg:$2,922Median:$2,845Range:$2,845 – $3,000PSF:$2 / $2Sq Ft:1,634 / 1,633DOM:250 / 183New:0Total:2
3 Beds
Avg:$2,423Median:$2,448Range:$1,995 – $2,800PSF:$1 / $1Sq Ft:1,750 / 1,661DOM:58 / 43New:1Total:6
4 Beds
Avg:$2,933Median:$2,850Range:$2,500 – $4,000PSF:$1 / $1Sq Ft:2,134 / 2,181DOM:75 / 60New:1Total:9
5 Beds
Avg:$3,920Median:$3,845Range:$3,845 – $3,995PSF:$1 / $1Sq Ft:3,338 / 2,904DOM:43 / 43New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $2,922 | $2,845 | $2,845 – $3,000 | $2 / $2 | 1,634 / 1,633 | 250 / 183 | 0 | 2 |
| 3 Beds | $2,423 | $2,448 | $1,995 – $2,800 | $1 / $1 | 1,750 / 1,661 | 58 / 43 | 1 | 6 |
| 4 Beds | $2,933 | $2,850 | $2,500 – $4,000 | $1 / $1 | 2,134 / 2,181 | 75 / 60 | 1 | 9 |
| 5 Beds | $3,920 | $3,845 | $3,845 – $3,995 | $1 / $1 | 3,338 / 2,904 | 43 / 43 | 0 | 2 |
6-Month Sales Trend
Oct 2025
Median Price:$530,000Median DOM:103New:11Total:83
Nov 2025
Median Price:$530,000Median DOM:90New:7Total:79
Dec 2025
Median Price:$610,000Median DOM:95New:12Total:65
Jan 2026
Median Price:$624,999Median DOM:48New:19Total:66
Feb 2026
Median Price:$650,000Median DOM:29New:17Total:69
Mar 2026
Median Price:$629,900Median DOM:28New:7Total:74
6-Month Rental Trend
Oct 2025
Median Rent:$2,500Median DOM:53New:4Total:26
Nov 2025
Median Rent:$2,700Median DOM:63New:4Total:22
Dec 2025
Median Rent:$2,700Median DOM:53New:7Total:28
Jan 2026
Median Rent:$2,895Median DOM:43New:3Total:22
Feb 2026
Median Rent:$2,800Median DOM:60New:1Total:19
Mar 2026
Median Rent:$2,800Median DOM:60New:2Total:19
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, while total rental inventory was flat.
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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