Market Intelligence · AZ / Phoenix

Phoenix, AZ 85018 Housing Market

The typical home value in Phoenix 85018 is $984,553, up 4.3% over the past year. The median list price sits at $1,050,000, with homes lingering on the market for a median of 73 days.

Updated August 2026Median value$985K

The median home value in Phoenix, AZ 85018 is $985K as of August 2026, up 4.8% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 85018 range

$906K to $1.06M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+4.8% over 12 months

Typical home value in 85018 over the last 12 months: $940K in Aug 2025 to $985K in Aug 2026 (+4.8%).

Aug 2025$940K

Aug 2026$985K

The numbers

What is the 85018 housing market like?

Typical home value

$985K

Up4.8%YoY

Median list price

$1.05M

Down7.7%MoM

Days on market

73

Up9.0%MoM

Homes for sale

225

Down4.3%MoM

Price cuts

22.2%

Down26.4%MoM

New listings

68

Up36.0%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 85018 home prices compare?

  • 85018$984,707
  • Phoenix$411,560
  • Arizona$388,803
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,265 ZIPs).

Context

Phoenix 85018 has 225 homes for sale as of August 2026, with 68 new listings added recently. The median list price of $1,050,000 reflects steady demand, though the 73-day median time on market suggests buyers are taking their time. Price cuts appear on 22.2% of listings, indicating some negotiation room in pockets of the market. Despite the price-cut activity, the year-over-year appreciation of 4.3% shows underlying stability. If you're considering selling, the extended time on market means you should be prepared for a patient buyer pool.

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20% · $196,941

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