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
Fri Apr 24 2026
This week the median list price for Phoenix, AZ 85018 is $1,897,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has increased to 178.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $1,897,000 | |
| Median Price of New Listings | $2,147,500 | |
| Per Square Foot | $637 | |
| Average Days on Market | 114 | |
| Median Days on Market | 63 | |
| Price Decreased | 48% | |
| Price Increased | 2% | |
| Relisted | 7% | |
| Inventory | 178 | |
| Median Rent | ||
| Market Action | 33 | |
| Slight Seller's Advantage | ||
We continue to see the market at a plateau. This week prices bumped down a bit. Look for a persistent down-shift 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 |
|---|---|---|---|---|---|---|---|---|
| $5,195,000 | 5,071 | 0.5 - 1 acre | 5 | 5.5 | 12 | 3 | 5 | 84 |
| $2,410,000 | 3,360 | 0.25 - 0.5 acre | 4 | 3.5 | 9 | 3 | 3 | 56 |
| $1,450,000 | 2,695 | 8,000 - 10,000 sqft | 4 | 3 | 64 | 1 | 2 | 56 |
| $746,150 | 1,609 | 6,500 - 8,000 sqft | 3 | 2 | 71 | 5 | 3 | 63 |