85032
Phoenix, Arizona
Phoenix 85032 needs watching.
The 85032 ZIP code in Phoenix, Arizona has a median sale price of $461K, down -1.9% year-over-year. Homes spend an average of 51 days on market, with 15% of homes selling above list price.
Folio's PropIQ™ score of 60 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 85032.
The 85032 market is displaying clear deceleration, with the median sale price at $461,250 reflecting a 1.9% year-over-year decline. Homes are averaging 51 days on market, indicating moderate absorption rates, while only 15% of properties close above list price—a significant departure from competitive market benchmarks. This combination of negative price growth and subdued bidding activity signals a transition toward buyer-favorable conditions, though transaction velocity remains within normal parameters for metropolitan Phoenix submarkets.
These conditions favor price-sensitive primary residence buyers who can negotiate without facing multiple offer scenarios. The 15% above-list metric means 85% of transactions occur at or below asking price, creating tangible leverage during negotiations. Patient investors seeking cash flow over appreciation may find entry points, though the negative price trajectory demands conservative underwriting. Sellers with flexible timelines can still transact within two months, but those requiring premium pricing face headwinds given current buyer reluctance to bid aggressively.
The PropIQ score of 60 suggests heightened caution as leading indicators point toward continued softness rather than imminent recovery. With price momentum negative and buyer urgency low, the next quarter likely brings further days-on-market extension unless inventory contracts significantly. Monitoring absorption rates and the percentage of price reductions among active listings will signal whether this market stabilizes near current levels or experiences additional downward pressure through spring 2026.
What is the median home price in 85032 Phoenix?
The median sale price in 85032 is $461K, down -1.9% year-over-year as of 2026-02-28.
How long do homes stay on the market in Phoenix 85032?
Homes in 85032 Phoenix spend an average of 51 days on market before going under contract.
Is Phoenix 85032 a good place to invest in real estate?
Folio's PropIQ™ score for 85032 is 60/100 — a Caution signal. 15% of homes sold above asking.
What does a PropIQ™ score of 60 mean for 85032?
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 60 = Caution in 85032 Phoenix, Arizona.