85043
Phoenix, Arizona

# Market Report: Phoenix, AZ 85043

The 85043 ZIP code shows a moderating market with median sale prices at $370,000, up just 2.2% year-over-year—significantly below historical Phoenix appreciation rates. Homes are averaging 70 days on market, indicating extended inventory absorption compared to the pandemic-era frenzy. Only 25% of properties sold above list price in the most recent period, suggesting sellers have lost pricing power and buyers are successfully negotiating. This represents a clear shift from the bidding-war environment that characterized 2021-2023.

These conditions favor deliberate buyers who can capitalize on reduced competition and longer decision windows. The 70-day marketing period provides adequate time for thorough due diligence without rushed offers. Patient investors seeking cash flow over appreciation may find stabilized entry points at current pricing, particularly if they can negotiate below list on the 75% of properties not commanding premiums. Sellers with equity and flexible timelines can still transact, but those requiring quick exits face headwinds.

The PropIQ score of 75 signals neutral conditions with downside risk if days-on-market extends further or the 2.2% appreciation rate compresses toward flat. Monitoring weekly absorption rates and any increase in price reductions beyond current levels will indicate whether this stabilization holds or deteriorates. The 25% above-list figure bears watching—a drop below 20% would suggest further softening, while sustained levels could indicate a new equilibrium forming at current valuations.