Your Localized Market Report
Phoenix, AZ 85018
Single-Family Homes
Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com
Phoenix, AZ 85018
Mon Jun 30 2025
This week the median list price for Phoenix, AZ 85018 is $1,890,000 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 194.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
In a Buyer’s market, the relative stasis in inventory and sales conditions has allowed prices to drift lower recently. Expect that consistent up trends in demand will be required before price trends change significantly.
Real-Time Market Profile
| Median List Price | $1,890,000 | |
| Median Price of New Listings | $1,350,000 | |
| Per Square Foot | $604 | |
| Average Days on Market | 100 | |
| Median Days on Market | 77 | |
| Price Decreased | 55% | |
| Price Increased | 1% | |
| Relisted | 8% | |
| Inventory | 194 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
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 | 5.5 | 21 | 1 | 2 | 112 |
| $2,355,000 | 3,580 | 0.25 - 0.5 acre | 4 | 4 | 27 | 2 | 7 | 91 |
| $1,425,000 | 2,569 | 8,000 - 10,000 sqft | 4 | 3 | 67 | 5 | 4 | 49 |
| $732,000 | 1,668 | 6,500 - 8,000 sqft | 3 | 2 | 70 | 3 | 2 | 63 |