85083
Phoenix, Arizona
Phoenix 85083 needs watching.
The 85083 ZIP code in Phoenix, Arizona has a median sale price of $649K, up +4.7% year-over-year. Homes spend an average of 59 days on market, with 4% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 85083.
The 85083 ZIP code reports a median sale price of $649,000 as of February 2026, marking a 4.7% year-over-year increase that suggests moderate appreciation in a normalizing environment. Homes are averaging 59 days on market, indicating neither urgent demand nor stagnation. Only 4% of properties sold above asking price, a clear departure from competitive bidding patterns and evidence that seller pricing power has diminished significantly from previous cycles.
This data profile favors buyers with flexible timelines who can negotiate from the 96% of transactions closing at or below list price. The 59-day marketing period provides adequate time for inspection contingencies and financing arrangements without competitive pressure. Sellers with equity established before 2024 can still extract gains from the 4.7% annual appreciation, but new investors seeking quick flips face compressed margins given the limited above-ask activity and extended absorption rates.
The PropIQ score of 55 signals caution, reflecting vulnerability to demand shifts or inventory increases that could pressure the modest 4.7% appreciation rate. Monitoring days-on-market trends becomes critical; movement beyond 65-70 days would indicate weakening fundamentals. The low above-ask percentage suggests price discovery is ongoing, and any economic headwinds affecting Phoenix employment could convert this moderate growth trajectory into price stabilization or contraction within two quarters.
What is the median home price in 85083 Phoenix?
The median sale price in 85083 is $649K, up +4.7% year-over-year as of 2026-02-28.
How long do homes stay on the market in Phoenix 85083?
Homes in 85083 Phoenix spend an average of 59 days on market before going under contract.
Is Phoenix 85083 a good place to invest in real estate?
Folio's PropIQ™ score for 85083 is 55/100 — a Caution signal. 4% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 85083?
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 55 = Caution in 85083 Phoenix, Arizona.