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

Key Findings

1. Median sold price: $855,500 is the primary indicator of recent market value in 85018 and points to realized transaction levels that are notably lower than the current median listing price: $1,298,000, suggesting a material gap between seller asking expectations and closed sale prices; this gap may indicate pricing friction as the market rebalances.
2. Median sold price: $855,500 combined with a median days on market: 467 indicates slower sales velocity and extended marketing periods for SFR and condo properties in the sample, which may signal softening transaction pace even as price direction shows upward pressure year over year.
3. Median sold price: $855,500 alongside a median price per square foot: $480 provides a useful per-unit benchmark for underwriting and competitive pricing; sellers who list materially above the median listing price should expect longer marketing time unless product or condition justifies a premium.
4. Median sold price: $855,500 should be interpreted within a context of a neutral market temperature and a price year-over-year trend that is up, while rent year-over-year trend is down and interest rate pressure is elevated; this mix suggests cautious buyer behavior and that pricing must be aligned to closed-sale comparables for reliable liquidity.

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.