85007
Phoenix, Arizona
Phoenix 85007 needs watching.
The 85007 ZIP code in Phoenix, Arizona has a median sale price of $505K, down -0.5% year-over-year. Homes spend an average of 97 days on market, with 8% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 85007.
The 85007 market is experiencing a cooling phase, with the median sale price of $505,000 reflecting a slight year-over-year decline of 0.5%. Homes are averaging 96.5 days on market, substantially above the fast-moving benchmarks typical of heated conditions. Only 8% of properties are closing above list price, indicating sellers hold minimal pricing power. This data cluster points to a recalibrated market where aggressive bidding has evaporated and inventory sits longer before transacting.
These conditions favor disciplined buyers with time to evaluate options and negotiate. The 96.5-day average DOM provides space for inspection contingencies and price discussions that weren't possible in competitive environments. Investors seeking cash flow over appreciation can leverage the 0.5% price decline and extended DOM to negotiate below-ask purchases. Sellers facing urgency will struggle; those who can delay listing six to twelve months may avoid the current soft pricing environment.
The PropIQ score of 55 signals caution rather than crisis, suggesting stabilization rather than freefall. This intermediate score typically precedes either gradual recovery if employment and migration data strengthen, or further softening if inventory continues accumulating. The 8% above-list metric is the critical leading indicator; if this drops below 5% in coming quarters, expect median prices to decline another 2-3%. Monitor new listing volume and DOM trajectory through Q2 2026 for directional confirmation.
What is the median home price in 85007 Phoenix?
The median sale price in 85007 is $505K, down -0.5% year-over-year as of 2026-02-28.
How long do homes stay on the market in Phoenix 85007?
Homes in 85007 Phoenix spend an average of 97 days on market before going under contract.
Is Phoenix 85007 a good place to invest in real estate?
Folio's PropIQ™ score for 85007 is 55/100 — a Caution signal. 8% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 85007?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 55 = Caution in 85007 Phoenix, Arizona.