Phoenix, AZ 85018 Real Estate Market Report

ZIP Code: 85018
Report Date: February 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) stands at $1,500,000, reflecting the actual market transactions and indicating a robust value despite the broader market cooling trends. The neighborhood has shown signs of price stability, with the median listing price at $1,999,000, suggesting a notable gap between seller expectations and buyer negotiation power. This discrepancy may indicate a market where buyers have room to negotiate, particularly in light of the 148 days on market, which points to slower sales velocity and a shift towards a more balanced market environment.

Inventory conditions reveal elevated levels, with a notable number of active listings compared to sold properties, suggesting excess supply relative to sales activity. The current market temperature is classified as neutral, indicating a balanced state where neither buyers nor sellers hold a distinct advantage. Additionally, the rental market is experiencing downward pressure, with a median market rent of $2,716, reflecting the impact of increased supply and easing affordability concerns for renters.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Phoenix AZ 85018 area average around 5.88% compared to the 6.6% average rate seen for similar loans in late 2025.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $1,500,000 indicates strong market value despite broader cooling trends.

2. With a median listing price of $1,999,000, there is a significant gap suggesting pricing friction between seller expectations and buyer negotiation capacity.

3. The median days on market of 148 reflects slower sales velocity, indicating a shift towards a more balanced market.

4. Current market temperature is neutral, suggesting a balanced state with no clear advantage for buyers or sellers.

5. The median market rent of $2,716 is experiencing downward pressure, indicating easing affordability concerns for renters.

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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.