85045
Phoenix, Arizona
Phoenix 85045 needs watching.
The 85045 ZIP code in Phoenix, Arizona has a median sale price of $626K, down -5.9% year-over-year. Homes spend an average of 80 days on market, with 3% of homes selling above list price.
Folio's PropIQ™ score of 45 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 85045.
The 85045 market has shifted decisively into buyer territory, with the median sale price at $626,000 reflecting a 5.9% year-over-year decline. Homes are averaging 80 days on market, significantly above the rapid turnover seen in 2021-2022. Only 3% of properties are selling above list price, indicating sellers have lost pricing power and must meet current market valuations to close transactions.
This environment favors patient buyers with financing already secured and sellers who purchased before 2022. Buyers can negotiate on price and request repairs without facing multiple competing offers, while the extended 80-day marketing period allows thorough due diligence. Investors seeking cash flow over appreciation will find the reduced competition workable, though sellers who bought at 2022-2023 peaks may face break-even or negative equity positions.
The PropIQ score of 45 signals continued weakness, suggesting further price compression or extended inventory levels through mid-2026. Buyers should monitor whether days-on-market contracts below 60 days or above-list sales exceed 10%, both indicating demand recovery. Current data shows no immediate catalyst for price stabilization, making Q2 2026 a waiting game for bottom-fishers and a challenging period for sellers requiring quick exits.
What is the median home price in 85045 Phoenix?
The median sale price in 85045 is $626K, down -5.9% year-over-year as of 2026-02-28.
How long do homes stay on the market in Phoenix 85045?
Homes in 85045 Phoenix spend an average of 80 days on market before going under contract.
Is Phoenix 85045 a good place to invest in real estate?
Folio's PropIQ™ score for 85045 is 45/100 — a Caution signal. 3% of homes sold above asking.
What does a PropIQ™ score of 45 mean for 85045?
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 45 = Caution in 85045 Phoenix, Arizona.