Phoenix, AZ 85018 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

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.

Market Trends & Context

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

Key Findings

1. The neighborhood's primary market value indicator is the median sold price of 942,000, which serves as the most reliable signal of recent transaction activity and helps calibrate seller expectations relative to the median listing price of 1,699,999; representative recent sale provides the clearest valuation anchor.
2. Transaction velocity appears slower based on the median days on market of 74, which may indicate additional pricing friction or longer marketing periods before a representative recent sale occurs; moderate sales velocity describes the current liquidity profile.
3. Price growth and rent growth are both reported as flat (price year-over-year trend: flat; rent year-over-year trend: flat), while the median price per square foot remains at 565, suggesting stable per-unit pricing even as overall volume dynamics moderate.
4. Financing and carrying-cost pressure is a headwind: interest rate pressure is labeled elevated and the current 30-year fixed mortgage rate for properties in Phoenix AZ 85018 is 7.19%, which may dampen buyer affordability and slow transaction turnover despite a relatively constrained active supply in the analyzed sample.

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.