Your Localized Market Report

Phoenix, AZ 85018

Single-Family Homes

Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600



Phoenix, AZ 85018

Thu Jan 20 2022
This week the median list price for Phoenix, AZ 85018 is $1,454,950 with the market action index hovering around 55. This is less than last month's market action index of 57. Inventory has decreased to 38. 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.

Strong Seller's Market

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.

Phoenix, AZ 85018

Thu Jan 20 2022
This week the median list price for Phoenix, AZ 85018 is $1,454,950 with the market action index hovering around 55. This is less than last month's market action index of 57. Inventory has decreased to 38. 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.

Strong Seller's Market

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

Never miss important changes in the Phoenix market.
Median List Price $1,454,950
Median Price of New Listings $1,390,000
Per Square Foot $556
Average Days on Market 61
Median Days on Market 42
Price Decreased 42%
Price Increased 0%
Relisted 0%
Inventory 38
Median Rent $4,750
Market Action 55
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$3,795,000 4,380 1 - 2.5 acres 4 5 43 2 1 28
$2,275,000 3,469 0.25 - 0.5 acre 5 4 5 1 3 56
$1,286,500 2,372 6,500 - 8,000 sqft 3 2.8 40 1 1 21
$699,999 1,854 8,000 - 10,000 sqft 4 2.5 67 3 5 52