ZIP 85048 Housing Market Report
Phoenix Metro
Report period: March 2026
85048 Monthly Market Update – March 2026
ZIP 85048 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$605,000
+0.8%
Median DOM (Sales)
29
0.0%
New Listings (Sales)
23
−54.9%
Median Rent
$1,847
+1.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
244
+5.6%
Month-over-Month Movement
Median sale prices moved higher. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (28 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($1,199,000 median)
Sales Market Overview
Median Price
$605,000
+0.8%
Median DOM
29
0.0%
New Listings
23
−54.9%
Inventory
207
+9.5%
- Average Price: $739,823
- Median Price: $605,000
- Price Range: $204,900 – $8,200,000
- Price per Sq Ft (Avg/Median): $312 / $301
- Square Footage (Avg/Median): 2,318 / 2,120
- Square Footage Range: 693 – 9,346
- Days on Market (Avg/Median): 65 / 29
- Days on Market Range: 2 – 328
- New Listings: 23
- Total Listings: 207
Sales by Property Type
Condo
Avg/Median Price$294,117 / $289,000Range$220,000 – $385,000Price per Sq Ft$319 / $317Sq Ft940 / 937DOM55 / 29New2Total22
Land
Avg/Median Price$526,326 / $475,000Range$350,000 – $850,000Price per Sq Ft—Sq Ft—DOM145 / 155New1Total13
Single Family
Avg/Median Price$837,163 / $650,000Range$299,000 – $8,200,000Price per Sq Ft$311 / $299Sq Ft2,564 / 2,249DOM60 / 28New20Total164
Townhouse
Avg/Median Price$316,962 / $278,900Range$204,900 – $409,000Price per Sq Ft$296 / $276Sq Ft1,069 / 1,093DOM84 / 31New0Total8
Sales by Bedroom Count
1 Beds
Avg:$248,445Median:$245,000Range:$204,900 – $298,000PSF:$337 / $346Sq Ft:739 / 698DOM:29 / 29New:1Total:11
2 Beds
Avg:$328,722Median:$305,000Range:$274,900 – $499,900PSF:$302 / $301Sq Ft:1,090 / 1,048DOM:79 / 31New:1Total:17
3 Beds
Avg:$550,339Median:$525,000Range:$359,000 – $1,140,000PSF:$316 / $317Sq Ft:1,761 / 1,695DOM:66 / 29New:4Total:60
4 Beds
Avg:$897,830Median:$675,000Range:$455,000 – $8,200,000PSF:$310 / $294Sq Ft:2,663 / 2,374DOM:56 / 28New:9Total:71
5 Beds
Avg:$1,058,988Median:$849,950Range:$589,900 – $3,200,000PSF:$297 / $260Sq Ft:3,391 / 3,150DOM:52 / 23New:6Total:29
6 Beds
Avg:$1,750,500Median:$1,199,000Range:$659,000 – $3,330,000PSF:$331 / $349Sq Ft:5,002 / 4,370DOM:101 / 20New:1Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $248,445 | $245,000 | $204,900 – $298,000 | $337 / $346 | 739 / 698 | 29 / 29 | 1 | 11 |
| 2 Beds | $328,722 | $305,000 | $274,900 – $499,900 | $302 / $301 | 1,090 / 1,048 | 79 / 31 | 1 | 17 |
| 3 Beds | $550,339 | $525,000 | $359,000 – $1,140,000 | $316 / $317 | 1,761 / 1,695 | 66 / 29 | 4 | 60 |
| 4 Beds | $897,830 | $675,000 | $455,000 – $8,200,000 | $310 / $294 | 2,663 / 2,374 | 56 / 28 | 9 | 71 |
| 5 Beds | $1,058,988 | $849,950 | $589,900 – $3,200,000 | $297 / $260 | 3,391 / 3,150 | 52 / 23 | 6 | 29 |
| 6 Beds | $1,750,500 | $1,199,000 | $659,000 – $3,330,000 | $331 / $349 | 5,002 / 4,370 | 101 / 20 | 1 | 6 |
Rental Market Overview
Median Rent
$1,847
+1.2%
Median DOM
1
0.0%
New Listings
76
Inventory
244
+5.6%
- Average Rent: $2,124
- Median Rent: $1,847
- Rent Range: $900 – $7,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,354 / 1,226
- Square Footage Range: 548 – 5,400
- Days on Market (Avg/Median): 32 / 1
- Days on Market Range: 1 – 364
- New Listings: 76
- Total Listings: 244
Rentals by Property Type
Apartment
$1,699
Median DOM: 1
Inventory: 152
MoM: +1.2%
Condo
$1,679
Median DOM: 7
Inventory: 11
MoM: +1.2%
Single Family
$2,600
Median DOM: 15
Inventory: 78
MoM: +1.2%
Townhouse
$2,400
Median DOM: 15
Inventory: 3
MoM: +1.2%
Apartment
Avg/Median Rent$1,709 / $1,699Range$1,150 – $3,059Rent per Sq Ft$2 / $2Sq Ft984 / 952DOM24 / 1New56Total152
Condo
Avg/Median Rent$1,691 / $1,679Range$900 – $2,550Rent per Sq Ft$2 / $2Sq Ft1,087 / 1,040DOM48 / 7New3Total11
Single Family
Avg/Median Rent$2,984 / $2,600Range$1,295 – $7,500Rent per Sq Ft$1 / $1Sq Ft2,103 / 1,917DOM42 / 15New17Total78
Townhouse
Avg/Median Rent$2,350 / $2,400Range$1,800 – $2,850Rent per Sq Ft$2 / $2Sq Ft1,464 / 1,329DOM70 / 15New0Total3
Rentals by Bedroom Count
1 Beds
Avg:$1,531Median:$1,492Range:$900 – $2,200PSF:$2 / $2Sq Ft:793 / 796DOM:36 / 1New:32Total:79
2 Beds
Avg:$1,918Median:$1,814Range:$1,395 – $4,000PSF:$2 / $2Sq Ft:1,175 / 1,226DOM:19 / 1New:27Total:86
3 Beds
Avg:$2,467Median:$2,350Range:$1,800 – $4,500PSF:$1 / $1Sq Ft:1,702 / 1,647DOM:31 / 15New:11Total:43
4 Beds
Avg:$3,526Median:$2,940Range:$2,250 – $7,500PSF:$1 / $1Sq Ft:2,522 / 2,298DOM:51 / 13New:5Total:30
5 Beds
Avg:$3,398Median:$3,299Range:$2,795 – $3,799PSF:$1 / $1Sq Ft:2,918 / 3,111DOM:63 / 43New:1Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,531 | $1,492 | $900 – $2,200 | $2 / $2 | 793 / 796 | 36 / 1 | 32 | 79 |
| 2 Beds | $1,918 | $1,814 | $1,395 – $4,000 | $2 / $2 | 1,175 / 1,226 | 19 / 1 | 27 | 86 |
| 3 Beds | $2,467 | $2,350 | $1,800 – $4,500 | $1 / $1 | 1,702 / 1,647 | 31 / 15 | 11 | 43 |
| 4 Beds | $3,526 | $2,940 | $2,250 – $7,500 | $1 / $1 | 2,522 / 2,298 | 51 / 13 | 5 | 30 |
| 5 Beds | $3,398 | $3,299 | $2,795 – $3,799 | $1 / $1 | 2,918 / 3,111 | 63 / 43 | 1 | 6 |
6-Month Sales Trend
Oct 2025
Median Price:$599,000Median DOM:43New:36Total:189
Nov 2025
Median Price:$599,000Median DOM:41New:40Total:195
Dec 2025
Median Price:$598,000Median DOM:48New:26Total:174
Jan 2026
Median Price:$597,000Median DOM:46New:45Total:186
Feb 2026
Median Price:$599,990Median DOM:29New:51Total:189
Mar 2026
Median Price:$605,000Median DOM:29New:23Total:207
6-Month Rental Trend
Oct 2025
Median Rent:$2,245Median DOM:43New:25Total:124
Nov 2025
Median Rent:$2,050Median DOM:57New:14Total:109
Dec 2025
Median Rent:$2,095Median DOM:54New:32Total:115
Jan 2026
Median Rent:$1,995Median DOM:44New:36Total:129
Feb 2026
Median Rent:$1,826Median DOM:1New:127Total:231
Mar 2026
Median Rent:$1,847Median DOM:1New:76Total:244
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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