85013
Phoenix, Arizona

The 85013 market has shifted decisively in favor of buyers, with the median sale price of $526,500 reflecting a 3.4% year-over-year decline and properties averaging 84 days on market. Only 5% of homes are commanding above-list offers, indicating negligible competition among buyers. This extended marketing period—nearly three months—represents a significant departure from the rapid absorption rates that characterized Phoenix submarkets in recent years, signaling reduced demand pressure at current price points.

This environment favors patient buyers with financing secured and flexible timelines, particularly those seeking negotiating leverage on price concessions or closing cost credits. The 84-day average DOM creates opportunity for buyers to conduct thorough due diligence without fear of losing properties to competing offers. Sellers face the most challenging conditions, requiring strategic pricing 5-8% below recent comparables to avoid exceeding the market's three-month absorption threshold. Investors relying on appreciation should exercise caution given the negative price trajectory.

The PropIQ score of 45 suggests deteriorating fundamentals that warrant continued monitoring through Q2 2026. With minimal above-list activity and negative year-over-year pricing, watch for inventory accumulation that could pressure prices further if days-on-market extends beyond 90 days. The score indicates this market has not established a floor, making near-term appreciation unlikely until buyer demand metrics improve or inventory contracts meaningfully.