85172
Phoenix, Arizona

The 85172 ZIP code shows measurable softening with a median sale price of $412,250, down 8.4% year-over-year as of February 2026. Homes are averaging 102 days on market, indicating reduced urgency compared to recent peak periods. Only 25% of properties are selling above list price, a significant departure from seller-dominated conditions. This price compression and extended absorption time reflects a normalized transaction environment where buyer negotiating position has strengthened considerably.

Price-sensitive buyers gain tactical advantage in this cycle, particularly those who can tolerate the 102-day average marketing period to negotiate below ask. The 75% of homes selling at or below list creates room for offer strategies that were ineffective during appreciating markets. Sellers with flexible timelines can still transact at the $412,250 median, but those requiring quick exits face the reality of the extended days-on-market metric. Investors seeking cash flow over appreciation may find acceptable entry points given the 8.4% price decline.

The PropIQ score of 56 signals caution rather than distress, suggesting continued sideways movement rather than sharp deterioration or recovery. The combination of triple-digit days on market and declining year-over-year prices indicates momentum has not reversed. Monitoring the percentage of above-list sales will provide the earliest signal of demand recovery; any move above 35% would suggest stabilization. Until days on market compress below 90 days, expect continued buyer-favorable conditions.