Navi Title Agency

Phoenix, AZ 85018

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85018

Fri Jun 02 2023
This week the median list price for Phoenix, AZ 85018 is $1,900,000 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has decreased to 105. Click here to stay informed with the Phoenix market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Phoenix, AZ 85018

Fri Jun 02 2023
This week the median list price for Phoenix, AZ 85018 is $1,900,000 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has decreased to 105. Click here to stay informed with the Phoenix market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $1,900,000
Median Price of New Listings $1,184,499
Per Square Foot $598
Average Days on Market 82
Median Days on Market 49
Price Decreased 53%
Price Increased 3%
Relisted 9%
Inventory 105
Median Rent
Market Action 39
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,437,500 4,492 0.25 - 0.5 acre 5 4.5 9 4 4 52
$2,324,500 3,538 0.25 - 0.5 acre 4 4 32 0 2 84
$1,540,000 2,811 0.25 - 0.5 acre 4 3.3 15 2 8 45
$930,000 2,071 8,000 - 10,000 sqft 4 3 69 6 5 28