ZIP 85018 Housing Market Report
Phoenix Metro
Report period: August 2026
85018 Monthly Market Update – August 2026
ZIP 85018 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$1,059,000
−7.1%
Median DOM (Sales)
72
+1.4%
New Listings (Sales)
17
−71.7%
Median Rent
$1,600
−3.0%
Median DOM (Rental)
27
+12.5%
Total Rental Listings
415
−5.9%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (34 DOM)
- Fastest renting: Apartment (12 DOM)
- Strongest bedroom: 6 Beds ($4,995,000 median)
Sales Market Overview
Median Price
$1,059,000
−7.1%
Median DOM
72
+1.4%
New Listings
17
−71.7%
Inventory
375
+0.3%
- Average Price: $1,735,926
- Median Price: $1,059,000
- Price Range: $165,000 – $9,400,000
- Price per Sq Ft (Avg/Median): $561 / $503
- Square Footage (Avg/Median): 2,575 / 2,198
- Square Footage Range: 522 – 8,596
- Days on Market (Avg/Median): 83 / 72
- Days on Market Range: 2 – 345
- New Listings: 17
- Total Listings: 375
Sales by Property Type
Condo
Avg/Median Price$308,206 / $279,999Range$165,000 – $558,000Price per Sq Ft$309 / $304Sq Ft1,003 / 982DOM99 / 84New3Total57
Land
Avg/Median Price$2,095,375 / $1,500,000Range$785,000 – $3,950,000Price per Sq Ft—Sq Ft—DOM70 / 34New1Total8
Multi-Family
Avg/Median Price$1,995,624 / $1,995,624Range$1,995,624 – $1,995,624Price per Sq Ft—Sq Ft—DOM196 / 196New0Total1
Single Family
Avg/Median Price$2,368,673 / $1,829,000Range$384,000 – $9,400,000Price per Sq Ft$673 / $625Sq Ft3,224 / 3,038DOM82 / 72New8Total242
Townhouse
Avg/Median Price$618,313 / $469,000Range$169,950 – $3,375,000Price per Sq Ft$371 / $347Sq Ft1,568 / 1,418DOM73 / 71New5Total67
Sales by Bedroom Count
Studio
Avg:$230,000Median:$230,000Range:$230,000 – $230,000PSF:$441 / $441Sq Ft:522 / 522DOM:155 / 155New:0Total:1
1 Beds
Avg:$254,466Median:$249,900Range:$170,000 – $450,000PSF:$322 / $322Sq Ft:799 / 796DOM:75 / 44New:0Total:15
2 Beds
Avg:$411,570Median:$369,900Range:$165,000 – $2,395,000PSF:$352 / $321Sq Ft:1,134 / 1,088DOM:86 / 73New:5Total:82
3 Beds
Avg:$1,183,167Median:$880,000Range:$284,000 – $8,800,000PSF:$531 / $485Sq Ft:2,041 / 1,787DOM:70 / 43New:5Total:82
4 Beds
Avg:$2,178,781Median:$1,895,000Range:$559,900 – $7,595,000PSF:$651 / $630Sq Ft:3,126 / 3,022DOM:88 / 79New:4Total:121
5 Beds
Avg:$3,280,535Median:$2,595,000Range:$869,900 – $9,400,000PSF:$750 / $675Sq Ft:4,132 / 3,754DOM:83 / 72New:1Total:51
6 Beds
Avg:$5,084,032Median:$4,995,000Range:$1,000,000 – $8,999,999PSF:$797 / $759Sq Ft:5,897 / 5,793DOM:106 / 88New:1Total:12
7 Beds
Avg:$1,600,000Median:$1,600,000Range:$1,600,000 – $1,600,000PSF:$393 / $393Sq Ft:4,072 / 4,072DOM:43 / 43New:0Total:1
8 Beds
Avg:$2,922,812Median:$1,995,624Range:$1,995,624 – $3,850,000PSF:$676 / $676Sq Ft:5,692 / 5,692DOM:134 / 72New: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 | 155 / 155 | 0 | 1 |
| 1 Beds | $254,466 | $249,900 | $170,000 – $450,000 | $322 / $322 | 799 / 796 | 75 / 44 | 0 | 15 |
| 2 Beds | $411,570 | $369,900 | $165,000 – $2,395,000 | $352 / $321 | 1,134 / 1,088 | 86 / 73 | 5 | 82 |
| 3 Beds | $1,183,167 | $880,000 | $284,000 – $8,800,000 | $531 / $485 | 2,041 / 1,787 | 70 / 43 | 5 | 82 |
| 4 Beds | $2,178,781 | $1,895,000 | $559,900 – $7,595,000 | $651 / $630 | 3,126 / 3,022 | 88 / 79 | 4 | 121 |
| 5 Beds | $3,280,535 | $2,595,000 | $869,900 – $9,400,000 | $750 / $675 | 4,132 / 3,754 | 83 / 72 | 1 | 51 |
| 6 Beds | $5,084,032 | $4,995,000 | $1,000,000 – $8,999,999 | $797 / $759 | 5,897 / 5,793 | 106 / 88 | 1 | 12 |
| 7 Beds | $1,600,000 | $1,600,000 | $1,600,000 – $1,600,000 | $393 / $393 | 4,072 / 4,072 | 43 / 43 | 0 | 1 |
| 8 Beds | $2,922,812 | $1,995,624 | $1,995,624 – $3,850,000 | $676 / $676 | 5,692 / 5,692 | 134 / 72 | 0 | 2 |
Rental Market Overview
Median Rent
$1,600
−3.0%
Median DOM
27
+12.5%
New Listings
59
Inventory
415
−5.9%
- Average Rent: $2,277
- Median Rent: $1,600
- Rent Range: $599 – $10,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,132 / 900
- Square Footage Range: 300 – 5,489
- Days on Market (Avg/Median): 57 / 27
- Days on Market Range: 1 – 361
- New Listings: 59
- Total Listings: 415
Rentals by Property Type
Apartment
$1,290
Median DOM: 12
Inventory: 266
MoM: −3.0%
Condo
$1,445
Median DOM: 38
Inventory: 15
MoM: −3.0%
Single Family
$4,300
Median DOM: 37
Inventory: 72
MoM: −3.0%
Townhouse
$2,500
Median DOM: 36
Inventory: 62
MoM: −3.0%
Apartment
Avg/Median Rent$1,457 / $1,290Range$599 – $8,129Rent per Sq Ft$2 / $2Sq Ft807 / 750DOM56 / 12New48Total266
Condo
Avg/Median Rent$1,601 / $1,445Range$999 – $3,250Rent per Sq Ft$2 / $2Sq Ft886 / 850DOM47 / 38New0Total15
Single Family
Avg/Median Rent$4,998 / $4,300Range$1,750 – $10,000Rent per Sq Ft$2 / $2Sq Ft2,154 / 1,965DOM62 / 37New4Total72
Townhouse
Avg/Median Rent$2,799 / $2,500Range$1,200 – $8,200Rent per Sq Ft$2 / $2Sq Ft1,393 / 1,400DOM54 / 36New7Total62
Rentals by Bedroom Count
Studio
Avg:$956Median:$895Range:$599 – $1,900PSF:$2 / $2Sq Ft:414 / 422DOM:33 / 2New:7Total:41
1 Beds
Avg:$1,319Median:$1,175Range:$725 – $3,900PSF:$2 / $2Sq Ft:723 / 625DOM:55 / 14New:29Total:137
2 Beds
Avg:$1,949Median:$1,695Range:$995 – $7,050PSF:$2 / $2Sq Ft:1,074 / 965DOM:62 / 31New:17Total:142
3 Beds
Avg:$3,484Median:$3,100Range:$1,800 – $8,200PSF:$2 / $2Sq Ft:1,733 / 1,655DOM:44 / 32New:5Total:57
4 Beds
Avg:$6,336Median:$5,550Range:$3,025 – $10,000PSF:$2 / $2Sq Ft:2,660 / 2,656DOM:76 / 45New:1Total:35
5 Beds
Avg:$9,330Median:$9,495Range:$8,500 – $9,995PSF:$3 / $3Sq Ft:3,157 / 3,067DOM:131 / 31New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $956 | $895 | $599 – $1,900 | $2 / $2 | 414 / 422 | 33 / 2 | 7 | 41 |
| 1 Beds | $1,319 | $1,175 | $725 – $3,900 | $2 / $2 | 723 / 625 | 55 / 14 | 29 | 137 |
| 2 Beds | $1,949 | $1,695 | $995 – $7,050 | $2 / $2 | 1,074 / 965 | 62 / 31 | 17 | 142 |
| 3 Beds | $3,484 | $3,100 | $1,800 – $8,200 | $2 / $2 | 1,733 / 1,655 | 44 / 32 | 5 | 57 |
| 4 Beds | $6,336 | $5,550 | $3,025 – $10,000 | $2 / $2 | 2,660 / 2,656 | 76 / 45 | 1 | 35 |
| 5 Beds | $9,330 | $9,495 | $8,500 – $9,995 | $3 / $3 | 3,157 / 3,067 | 131 / 31 | 0 | 3 |
6-Month Sales Trend
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:$1,079,000Median DOM:36New:97Total:427
Jun 2026
Median Price:$1,059,000Median DOM:39New:75Total:407
Jul 2026
Median Price:$1,140,000Median DOM:71New:60Total:374
Aug 2026
Median Price:$1,059,000Median DOM:72New:17Total:375
6-Month Rental Trend
Mar 2026
Median Rent:$1,499Median DOM:9New:242Total:519
Apr 2026
Median Rent:$1,495Median DOM:2New:233Total:554
May 2026
Median Rent:$1,525Median DOM:4New:221Total:534
Jun 2026
Median Rent:$1,589Median DOM:9New:156Total:503
Jul 2026
Median Rent:$1,650Median DOM:24New:118Total:441
Aug 2026
Median Rent:$1,600Median DOM:27New:59Total:415
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, 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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