85144
Phoenix, Arizona
Phoenix 85144 needs watching.
The 85144 ZIP code in Phoenix, Arizona has a median sale price of $455K, down -8.0% year-over-year. Homes spend an average of 92 days on market, with 8% 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 85144.
The 85144 market is experiencing a significant correction, with the median sale price settling at $455,000 after an 8.0% year-over-year decline. Homes are averaging 92 days on market, triple the typical pace seen during peak conditions, while only 8% of properties sell above asking price. This velocity indicates sellers are competing for a limited buyer pool, and pricing power has clearly shifted from sellers to buyers in this cycle.
Buyers with financing in place hold structural advantages in this environment, as the 92-day marketing period provides time for thorough due diligence and price negotiations. Cash investors seeking rental yields may find entry points more favorable than twelve months ago, though the 8.0% price decline requires careful underwriting of future appreciation assumptions. Sellers face headwinds and should avoid this market unless relocation or financial circumstances force a transaction during this adjustment period.
The PropIQ score of 55 signals caution, suggesting further price discovery is likely before stabilization occurs. Markets exhibiting this combination of extended days on market and single-digit above-ask transactions typically require two to three additional quarters to establish a floor. Monitor monthly sales volume and the spread between list and sale prices as leading indicators of whether the correction is nearing completion or accelerating.
What is the median home price in 85144 Phoenix?
The median sale price in 85144 is $455K, down -8.0% year-over-year as of 2026-02-28.
How long do homes stay on the market in Phoenix 85144?
Homes in 85144 Phoenix spend an average of 92 days on market before going under contract.
Is Phoenix 85144 a good place to invest in real estate?
Folio's PropIQ™ score for 85144 is 55/100 — a Caution signal. 8% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 85144?
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 85144 Phoenix, Arizona.