85137
Phoenix, Arizona
Phoenix 85137 is stable.
The 85137 ZIP code in Phoenix, Arizona has a median sale price of $190K, up +26.7% year-over-year. Homes spend an average of 109 days on market, with 20% of homes selling above list price.
Folio's PropIQ™ score of 70 signals Neutral Watch conditions. This market is holding steady. Monitor inventory shifts before committing.
ZIP code 85137 presents a dual-signal market with a median sale price of $190,000 and exceptional year-over-year appreciation of 26.7%, yet homes average 109 days on market—significantly above the metro norm. Only 20% of transactions close above list price, indicating limited buyer competition despite strong price growth. This disconnect between appreciation rates and absorption speed suggests recent gains may reflect catch-up pricing rather than sustained buyer urgency in this price tier.
The 109-day market time favors methodical buyers who can leverage extended negotiation windows in a segment where 80% of homes sell at or below asking. Cash investors targeting sub-$200,000 properties may find value given the 26.7% trailing appreciation, though the extended DOM requires patience for exit liquidity. Sellers who purchased before the recent price surge can capture equity, but should price aggressively given that four-month absorption rates limit pricing power despite nominal year-over-year gains.
The PropIQ score of 70 signals equilibrium vulnerability—neither momentum nor deterioration is confirmed. With price growth outpacing typical market velocity metrics, watch whether DOM contracts below 90 days or if appreciation decelerates toward single digits in coming quarters. The 20% above-list ratio needs to expand beyond 30% to validate continued price strength, otherwise the current 26.7% gain represents peak rather than trend.
What is the median home price in 85137 Phoenix?
The median sale price in 85137 is $190K, up +26.7% year-over-year as of 2026-02-28.
How long do homes stay on the market in Phoenix 85137?
Homes in 85137 Phoenix spend an average of 109 days on market before going under contract.
Is Phoenix 85137 a good place to invest in real estate?
Folio's PropIQ™ score for 85137 is 70/100 — a Neutral Watch signal. 20% of homes sold above asking.
What does a PropIQ™ score of 70 mean for 85137?
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 70 = Neutral Watch in 85137 Phoenix, Arizona.