85021
Phoenix, Arizona
Phoenix 85021 is stable.
The 85021 ZIP code in Phoenix, Arizona has a median sale price of $520K, up +20.9% year-over-year. Homes spend an average of 63 days on market, with 8% of homes selling above list price.
Folio's PropIQ™ score of 65 signals Caution conditions. This market is holding steady. Monitor inventory shifts before committing.
The 85021 market is experiencing strong appreciation with median prices reaching $520,000, up 20.9% year-over-year, significantly outpacing Phoenix metro averages. However, buyer urgency has declined substantially, with homes sitting 62.5 days on market and only 8% selling above list price. This contrasts sharply with the competitive bidding environment seen in 2021-2023, indicating power has shifted away from sellers despite continued price growth.
Current conditions favor sellers with equity who can wait out the 62-5 day marketing period rather than buyers facing elevated prices without corresponding market velocity. The 8% above-list ratio means aggressive offers are unnecessary in 95% of transactions, benefiting cautious purchasers willing to negotiate. Investors chasing appreciation should note that 20.9% annual growth paired with cooling demand metrics historically precedes deceleration, not acceleration.
The PropIQ score of 65 signals caution as price growth appears disconnected from transaction dynamics that typically sustain appreciation. Extended DOM combined with minimal bidding wars suggests the next quarter could see inventory accumulation if rates remain elevated. Monitoring month-over-month absorption rates and the spread between list and sale prices will indicate whether this 20.9% growth trajectory is sustainable or approaching correction.
What is the median home price in 85021 Phoenix?
The median sale price in 85021 is $520K, up +20.9% year-over-year as of 2026-02-28.
How long do homes stay on the market in Phoenix 85021?
Homes in 85021 Phoenix spend an average of 63 days on market before going under contract.
Is Phoenix 85021 a good place to invest in real estate?
Folio's PropIQ™ score for 85021 is 65/100 — a Caution signal. 8% of homes sold above asking.
What does a PropIQ™ score of 65 mean for 85021?
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 65 = Caution in 85021 Phoenix, Arizona.