85018
Phoenix, Arizona

ZIP code 85018 commands a median sale price of $1,347,500 as of February 2026, representing a substantial 29.6% year-over-year increase that significantly outpaces regional averages. Properties are moving at a measured pace with 76 days on market, while only 9% of homes close above asking price—a signal that despite the sharp price appreciation, buyer competition remains moderate rather than frenzied. This disconnect between rapid price growth and subdued bidding activity suggests the gains may be driven more by limited inventory than surging demand.

The current conditions favor sellers who purchased 12-18 months ago and can now capitalize on the 29.6% appreciation, particularly those holding luxury properties in this price tier. Cash buyers with extended timelines benefit from the 76-day market absorption period, which allows for thorough due diligence without pressure. Speculative investors face headwinds, as the 9% above-ask rate indicates minimal pricing power beyond list, compressing potential immediate equity gains.

The PropIQ score of 65 signals caution, suggesting the 29.6% annual appreciation rate is unsustainable and vulnerable to correction. With limited bidding wars and extended market times relative to price growth, momentum indicators point toward deceleration in the coming quarters. Monitor inventory levels closely—any increase in active listings would likely pressure prices downward, as the current premium appears dependent on constrained supply rather than organic buyer demand strength.