85086
Phoenix, Arizona
Phoenix 85086 needs watching.
The 85086 ZIP code in Phoenix, Arizona has a median sale price of $618K, down -9.2% year-over-year. Homes spend an average of 87 days on market, with 5% 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 85086.
The 85086 market has shifted decidedly into buyer territory, with the median sale price settling at $617,500 after declining 9.2% year-over-year. Properties are averaging 87 days on market, indicating measured buyer activity rather than urgency. Only 5% of homes are selling above list price, a sharp contrast to competitive conditions seen in previous years. This price correction reflects broader Phoenix-area recalibration following the post-pandemic surge.
Price-sensitive buyers gain meaningful negotiating leverage in this environment, particularly those with financing already secured who can move within the 87-day average absorption window. The 9.2% decline offers approximately $60,000 in savings compared to year-ago pricing, creating entry points for first-time buyers previously priced out. Sellers face pressure: the 5% above-list metric means 95% of transactions close at or below asking, requiring realistic pricing strategies from day one.
The PropIQ score of 45 signals continued caution, suggesting further downward pressure remains possible before stabilization occurs. Buyers should monitor whether days-on-market contracts or extends beyond 87 days as a leading indicator of price floor discovery. The low above-list percentage indicates insufficient demand to absorb inventory at current asking prices, making spring 2026 listings critical for determining whether this correction deepens or finds support at present levels.
What is the median home price in 85086 Phoenix?
The median sale price in 85086 is $618K, down -9.2% year-over-year as of 2026-02-28.
How long do homes stay on the market in Phoenix 85086?
Homes in 85086 Phoenix spend an average of 87 days on market before going under contract.
Is Phoenix 85086 a good place to invest in real estate?
Folio's PropIQ™ score for 85086 is 45/100 — a Caution signal. 5% of homes sold above asking.
What does a PropIQ™ score of 45 mean for 85086?
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 85086 Phoenix, Arizona.