ZIP 85018 Housing Market Report
Phoenix Metro
Report period: May 2026
85018 Monthly Market Update – May 2026
ZIP 85018 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$1,099,000
−0.1%
Median DOM (Sales)
33
0.0%
New Listings (Sales)
31
−64.0%
Median Rent
$1,495
0.0%
Median DOM (Rental)
3
+50.0%
Total Rental Listings
543
−2.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (31 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($6,995,000 median)
Sales Market Overview
Median Price
$1,099,000
−0.1%
Median DOM
33
0.0%
New Listings
31
−64.0%
Inventory
438
+2.1%
- Average Price: $1,714,614
- Median Price: $1,099,000
- Price Range: $150,000 – $10,000,000
- Price per Sq Ft (Avg/Median): $561 / $502
- Square Footage (Avg/Median): 2,570 / 2,184
- Square Footage Range: 510 – 11,103
- Days on Market (Avg/Median): 75 / 33
- Days on Market Range: 1 – 362
- New Listings: 31
- Total Listings: 438
Sales by Property Type
Condo
Avg/Median Price$330,234 / $315,500Range$169,000 – $579,000Price per Sq Ft$328 / $322Sq Ft1,019 / 1,008DOM86 / 35New3Total65
Land
Avg/Median Price$1,794,000 / $1,350,000Range$755,000 – $3,590,000Price per Sq Ft—Sq Ft—DOM75 / 32New0Total11
Multi-Family
Avg/Median Price$1,735,312 / $1,475,000Range$1,475,000 – $1,995,624Price per Sq Ft—Sq Ft—DOM68 / 31New0Total2
Single Family
Avg/Median Price$2,370,976 / $1,895,000Range$444,900 – $10,000,000Price per Sq Ft$672 / $627Sq Ft3,251 / 3,013DOM71 / 32New20Total277
Townhouse
Avg/Median Price$597,240 / $499,000Range$150,000 – $1,980,000Price per Sq Ft$376 / $350Sq Ft1,513 / 1,444DOM79 / 34New8Total83
Sales by Bedroom Count
Studio
Avg:$230,000Median:$230,000Range:$230,000 – $230,000PSF:$441 / $441Sq Ft:522 / 522DOM:100 / 100New:0Total:1
1 Beds
Avg:$256,976Median:$253,900Range:$150,000 – $395,000PSF:$345 / $334Sq Ft:755 / 749DOM:76 / 33New:1Total:21
2 Beds
Avg:$430,692Median:$379,900Range:$185,000 – $1,399,990PSF:$343 / $319Sq Ft:1,210 / 1,135DOM:86 / 67New:6Total:92
3 Beds
Avg:$1,142,919Median:$850,000Range:$300,000 – $8,800,000PSF:$536 / $476Sq Ft:1,965 / 1,748DOM:63 / 31New:8Total:98
4 Beds
Avg:$2,149,428Median:$1,945,000Range:$595,000 – $10,000,000PSF:$651 / $634Sq Ft:3,108 / 3,002DOM:73 / 32New:13Total:139
5 Beds
Avg:$3,308,612Median:$2,750,000Range:$699,000 – $8,995,000PSF:$752 / $689Sq Ft:4,173 / 3,893DOM:71 / 34New:3Total:60
6 Beds
Avg:$5,096,761Median:$4,900,000Range:$1,025,000 – $9,350,000PSF:$819 / $807Sq Ft:6,036 / 5,793DOM:103 / 102New:0Total:13
7 Beds
Avg:$6,995,000Median:$6,995,000Range:$6,995,000 – $6,995,000PSF:$630 / $630Sq Ft:11,103 / 11,103DOM:89 / 89New:0Total:1
8 Beds
Avg:$1,735,312Median:$1,475,000Range:$1,475,000 – $1,995,624PSF:—Sq Ft:—DOM:68 / 31New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $230,000 | $230,000 | $230,000 – $230,000 | $441 / $441 | 522 / 522 | 100 / 100 | 0 | 1 |
| 1 Beds | $256,976 | $253,900 | $150,000 – $395,000 | $345 / $334 | 755 / 749 | 76 / 33 | 1 | 21 |
| 2 Beds | $430,692 | $379,900 | $185,000 – $1,399,990 | $343 / $319 | 1,210 / 1,135 | 86 / 67 | 6 | 92 |
| 3 Beds | $1,142,919 | $850,000 | $300,000 – $8,800,000 | $536 / $476 | 1,965 / 1,748 | 63 / 31 | 8 | 98 |
| 4 Beds | $2,149,428 | $1,945,000 | $595,000 – $10,000,000 | $651 / $634 | 3,108 / 3,002 | 73 / 32 | 13 | 139 |
| 5 Beds | $3,308,612 | $2,750,000 | $699,000 – $8,995,000 | $752 / $689 | 4,173 / 3,893 | 71 / 34 | 3 | 60 |
| 6 Beds | $5,096,761 | $4,900,000 | $1,025,000 – $9,350,000 | $819 / $807 | 6,036 / 5,793 | 103 / 102 | 0 | 13 |
| 7 Beds | $6,995,000 | $6,995,000 | $6,995,000 – $6,995,000 | $630 / $630 | 11,103 / 11,103 | 89 / 89 | 0 | 1 |
| 8 Beds | $1,735,312 | $1,475,000 | $1,475,000 – $1,995,624 | — | — | 68 / 31 | 0 | 2 |
Rental Market Overview
Median Rent
$1,495
0.0%
Median DOM
3
+50.0%
New Listings
102
Inventory
543
−2.0%
- Average Rent: $2,193
- Median Rent: $1,495
- Rent Range: $599 – $10,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,043 / 810
- Square Footage Range: 300 – 5,489
- Days on Market (Avg/Median): 42 / 3
- Days on Market Range: 1 – 332
- New Listings: 102
- Total Listings: 543
Rentals by Property Type
Apartment
$1,281
Median DOM: 1
Inventory: 397
MoM: 0.0%
Condo
$1,575
Median DOM: 12
Inventory: 14
MoM: 0.0%
Single Family
$4,750
Median DOM: 24
Inventory: 84
MoM: 0.0%
Townhouse
$2,500
Median DOM: 55
Inventory: 48
MoM: 0.0%
Apartment
Avg/Median Rent$1,442 / $1,281Range$599 – $7,200Rent per Sq Ft$2 / $2Sq Ft752 / 700DOM37 / 1New85Total397
Condo
Avg/Median Rent$1,814 / $1,575Range$1,099 – $3,000Rent per Sq Ft$2 / $2Sq Ft1,006 / 982DOM22 / 12New4Total14
Single Family
Avg/Median Rent$5,287 / $4,750Range$899 – $10,000Rent per Sq Ft$2 / $2Sq Ft2,158 / 2,084DOM44 / 24New7Total84
Townhouse
Avg/Median Rent$3,102 / $2,500Range$1,199 – $10,000Rent per Sq Ft$2 / $2Sq Ft1,530 / 1,494DOM83 / 55New6Total48
Rentals by Bedroom Count
Studio
Avg:$1,000Median:$908Range:$599 – $1,534PSF:$2 / $2Sq Ft:446 / 450DOM:30 / 1New:20Total:68
1 Beds
Avg:$1,298Median:$1,125Range:$845 – $3,900PSF:$2 / $2Sq Ft:672 / 616DOM:34 / 1New:48Total:208
2 Beds
Avg:$1,977Median:$1,750Range:$949 – $7,200PSF:$2 / $2Sq Ft:1,046 / 982DOM:45 / 12New:22Total:160
3 Beds
Avg:$3,709Median:$3,000Range:$1,495 – $10,000PSF:$2 / $2Sq Ft:1,790 / 1,651DOM:59 / 27New:7Total:71
4 Beds
Avg:$7,307Median:$7,500Range:$2,845 – $10,000PSF:$3 / $3Sq Ft:2,812 / 2,618DOM:61 / 24New:5Total:32
5 Beds
Avg:$9,848Median:$9,900Range:$9,500 – $9,995PSF:$3 / $3Sq Ft:3,145 / 3,067DOM:105 / 38New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,000 | $908 | $599 – $1,534 | $2 / $2 | 446 / 450 | 30 / 1 | 20 | 68 |
| 1 Beds | $1,298 | $1,125 | $845 – $3,900 | $2 / $2 | 672 / 616 | 34 / 1 | 48 | 208 |
| 2 Beds | $1,977 | $1,750 | $949 – $7,200 | $2 / $2 | 1,046 / 982 | 45 / 12 | 22 | 160 |
| 3 Beds | $3,709 | $3,000 | $1,495 – $10,000 | $2 / $2 | 1,790 / 1,651 | 59 / 27 | 7 | 71 |
| 4 Beds | $7,307 | $7,500 | $2,845 – $10,000 | $3 / $3 | 2,812 / 2,618 | 61 / 24 | 5 | 32 |
| 5 Beds | $9,848 | $9,900 | $9,500 – $9,995 | $3 / $3 | 3,145 / 3,067 | 105 / 38 | 0 | 4 |
6-Month Sales Trend
Dec 2025
Median Price:$1,249,000Median DOM:52New:53Total:374
Jan 2026
Median Price:$1,299,000Median DOM:48New:97Total:395
Feb 2026
Median Price:$1,175,000Median DOM:30New:90Total:404
Mar 2026
Median Price:$1,195,000Median DOM:31New:97Total:433
Apr 2026
Median Price:$1,100,000Median DOM:33New:86Total:429
May 2026
Median Price:$1,099,000Median DOM:33New:31Total:438
6-Month Rental Trend
Dec 2025
Median Rent:$1,695Median DOM:67New:60Total:313
Jan 2026
Median Rent:$1,631Median DOM:61New:71Total:331
Feb 2026
Median Rent:$1,495Median DOM:27New:166Total:452
Mar 2026
Median Rent:$1,499Median DOM:9New:242Total:519
Apr 2026
Median Rent:$1,495Median DOM:2New:233Total:554
May 2026
Median Rent:$1,495Median DOM:3New:102Total:543
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market were unchanged, signaling steady buyer activity. Rental pricing remained stable, while total rental inventory tightened.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
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