85141
Phoenix, Arizona
Phoenix 85141 needs watching.
The 85141 ZIP code in Phoenix, Arizona has a median sale price of $70K, down N/A year-over-year. Homes spend an average of 87 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 27 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 85141.
The 85141 ZIP code displays pronounced market weakness with a median sale price of $70,000 remaining flat year-over-year as of mid-2024. Properties are averaging 87 days on market, substantially above the typical 30-45 day benchmark for healthy markets. Zero homes have sold above list price, indicating buyers face no competition and hold complete pricing leverage in negotiations. This combination of stagnant values and extended marketing periods signals significant demand deficiency.
Value-focused investors seeking absolute price minimums may find opportunity in this distressed pricing environment, particularly those comfortable with the risks indicated by the 27 PropIQ score. The 87-day marketing window provides buyers extended due diligence periods and negotiating runway to secure properties below ask. However, sellers face disadvantageous conditions with no competitive tension to support pricing and should expect prolonged holding periods or accept discounts to achieve transactions within reasonable timeframes.
The PropIQ score of 27/100 suggests elevated caution warranted around fundamental market health and appreciation potential. Flat year-over-year pricing despite broader Phoenix-area gains indicates localized headwinds that merit investigation into employment trends, inventory overhang, or property condition issues. Monitor whether days-on-market contracts below 75 and whether any properties begin clearing above ask, which would signal demand stabilization necessary for price recovery.
What is the median home price in 85141 Phoenix?
The median sale price in 85141 is $70K, down N/A year-over-year as of 2024-06-30.
How long do homes stay on the market in Phoenix 85141?
Homes in 85141 Phoenix spend an average of 87 days on market before going under contract.
Is Phoenix 85141 a good place to invest in real estate?
Folio's PropIQ™ score for 85141 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 85141?
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 27 = Caution in 85141 Phoenix, Arizona.