Phoenix, AZ 85018 Real Estate Market Report

ZIP Code: 85018
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Phoenix, AZ (ZIP: 85018) is $1,495,000, reflecting a stable market environment. This price point indicates that the neighborhood has increased 8% since 2023, suggesting a positive trend in property values. The market is characterized by elevated inventory levels, which may indicate a shift towards a more balanced environment, allowing buyers greater negotiation flexibility.

Transaction activity is moderate, with properties spending a median of 292 days on the market. This extended timeframe suggests slower sales velocity, which may be attributed to the elevated inventory relative to sales activity. Additionally, the rental market remains strong, with a median market rent of $2,716, although rent prices are showing signs of moderation, indicating potential shifts in rental demand.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price of $1,495,000 reflects a stable market with a positive trend, having increased 8% since 2023.

2. With 292 days on market, properties are experiencing slower sales velocity, indicating potential pricing friction.

3. The market temperature is neutral, suggesting a balanced environment for both buyers and sellers.

4. Elevated inventory levels may provide buyers with increased negotiation flexibility in the current market.

5. The median market rent of $2,716 shows strong rental demand, despite a down trend in rent prices.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.