86024
Flagstaff, Arizona

The 86024 ZIP code shows clear buyer-favorable conditions with a median sale price of $577,500, down 1.3% year-over-year, marking a shift from the appreciation trends seen in previous cycles. Properties are averaging 222 days on market, roughly seven months, indicating significant slowdown in transaction velocity. Zero homes are selling above list price, confirming that seller pricing power has evaporated and buyers face minimal competition for available inventory in this Flagstaff submarket.

Patient, price-sensitive buyers gain maximum advantage in these conditions, with extended DOM providing leverage for negotiations below asking price. Sellers facing timeline pressure should avoid this market unless pricing aggressively below recent comparables, as the 222-day average suggests standard list prices aren't clearing. Investors seeking cash-flow properties may find opportunity if rental fundamentals support current valuations, but appreciation-dependent strategies face headwinds given the negative price trajectory and weak absorption rates.

The PropIQ score of 41 signals caution, reflecting both the price decline and extreme marketing periods that typically precede further softening. Watch for whether DOM extends beyond 240 days, which would indicate deepening distress and likely accelerate price cuts. The combination of zero above-list sales and already-negative price growth suggests the market hasn't reached equilibrium, with spring 2026 data critical to determining whether this represents seasonal weakness or structural demand deterioration.