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Phoenix, AZ 85018
Single-Family Homes
Here is your weekly Market Update!
Phoenix, AZ 85018
Fri Jun 13 2025
This week the median list price for Phoenix, AZ 85018 is $2,072,000 with the market action index hovering around 30. This is less than last month's market action index of 32. Inventory has held steady at or around 204.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $2,072,000 | |
| Median Price of New Listings | $1,799,499 | |
| Per Square Foot | $623 | |
| Average Days on Market | 92 | |
| Median Days on Market | 67 | |
| Price Decreased | 54% | |
| Price Increased | 0% | |
| Relisted | 6% | |
| Inventory | 204 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code settled at a plateau. This week prices bumped down a bit but not significantly enough to change the overall outlook. Look for a persistent change (up or down) in the Market Action Index before we see prices significantly 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 |
|---|---|---|---|---|---|---|---|---|
| $4,900,000 | 5,013 | 0.5 - 1 acre | 5 | 5 | 15 | 1 | 3 | 98 |
| $2,492,000 | 3,640 | 0.25 - 0.5 acre | 4 | 3.5 | 43 | 4 | 3 | 77 |
| $1,675,000 | 2,802 | 8,000 - 10,000 sqft | 4 | 3.5 | 43 | 7 | 4 | 49 |
| $769,000 | 1,650 | 6,500 - 8,000 sqft | 3 | 2 | 70 | 2 | 4 | 56 |