Market Intelligence · AZ / Phoenix

Phoenix, AZ 85018 Housing Market

The typical home value in Phoenix's 85018 is $980,525, up 5.1% over the past year. The median list price stands at $1,185,500, and homes are taking a median of 65 days to go under contract.

Updated September 2026Median value$981K

The median home value in Phoenix, AZ 85018 is $981K as of September 2026, up 5.1% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 85018 range

$902K 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

+5.1% over 12 months

Sep 2025$933K

Low $933KHigh $981K

Sep 2026$981K

The numbers

What is the 85018 housing market like?

As of September 2026

Typical home value

$981K

5.1%YoY

Median list price

$1.19M

12.9%MoM

Days on market

11.0%MoM

Homes for sale

237

5.3%MoM

Price cuts

30.8%

38.8%MoM

New listings

23.5%MoM

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

The outlook

85018 housing market forecast 2027

-1.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85018 to fall 1.4% by September 2027.

Over the 12 months through September 2026, typical home values in 85018 rose 5.1%, per the Zillow Home Value Index.

Will home prices drop in 85018?

Zillow's forecast says they may: it expects typical home values in 85018 to fall 1.4% by September 2027, after a 5.1% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 85018 home prices compare?

85018$980,525
Phoenix$408,720
Arizona$385,442
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Phoenix: 42 ZIPs; Arizona: 300 ZIPs; United States: 26,262 ZIPs).

Context

The typical home value in 85018 is $980,525, up 5.1% over the past year. The median list price is $1,185,500, which sits well above the typical value, so sellers are aiming high. Homes are spending a median of 65 days on the market, and 30.8% of listings have taken a price cut. There are 237 homes for sale, with 84 new listings coming on as of September 2026. A seller here has equity on paper, but buyers are negotiating and overpricing gets punished.

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Down payment20% · $196,105

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Common questions

What people ask us.

How much is a home in 85018 worth?

The typical home value in 85018 is $980,525, up 5.1% over the past year.

How long does it take to sell a house in 85018?

Homes are spending a median of 65 days on the market as of September 2026.

How many homes are for sale in 85018?

There are 237 homes for sale, with 84 new listings, as of September 2026.

Discover

Nearby ZIP markets.

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