86022
Flagstaff, Arizona

ZIP code 86022 in Flagstaff shows a median sale price of $120,000 as of February 2026, representing a dramatic 100% year-over-year increase that warrants careful examination. Properties are moving at a moderate pace with 50 days on market, though notably zero homes are selling above list price despite the significant annual appreciation. This disconnect between price growth and bidding activity suggests the doubling may reflect compositional changes in what's selling rather than pure market momentum.

This market favors cash buyers and investors willing to conduct thorough due diligence on individual properties, as the extreme price volatility indicates potential data anomalies or significant property mix shifts between periods. Sellers who purchased over a year ago face favorable conditions given the reported appreciation, though the absence of above-list sales indicates limited room for aggressive pricing. Buyers should approach cautiously, as the 50-day absorption rate provides negotiating leverage that contradicts the headline appreciation figure.

The PropIQ score of 55 signals material caution, aligning with the inconsistent metrics across this dataset. Observers should monitor whether upcoming months show continued price elevation or reversion toward regional norms, as the current 100% gain appears unsustainable without corresponding demand indicators. Transaction volume and property type composition deserve scrutiny before concluding this ZIP has genuinely doubled in value versus experiencing statistical noise from small sample sizes or changing inventory characteristics.