85191
Phoenix, Arizona
Phoenix 85191 needs watching.
The 85191 ZIP code in Phoenix, Arizona has a median sale price of $190K, down N/A year-over-year. Homes spend an average of 192 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 85191.
# Market Analysis: ZIP Code 85191
The 85191 market shows clear buyer advantage with median sales at $190,350 and zero price momentum year-over-year. Properties are sitting an average of 192 days before selling, nearly triple the typical market velocity in metro Phoenix. No homes are commanding above-list offers, indicating sellers hold no pricing power. This stagnation reflects a market where inventory exceeds demand, forcing patient negotiations rather than competitive bidding scenarios seen in neighboring ZIP codes.
These conditions favor cash-position buyers and value investors who can capitalize on prolonged listing periods to negotiate 5-10% below ask. First-time buyers benefit from eliminated competition and time to conduct thorough due diligence without pressure. Conversely, sellers face difficulty unless pricing 8-10% below recent comparables or offering concessions. Fix-and-flip investors should avoid this ZIP given the 192-day absorption rate extends holding costs and compresses margin potential significantly.
The PropIQ score of 27 signals fundamental weakness beyond normal cyclical slowdown, suggesting either job market deterioration or shifting demographic patterns in this pocket. The flat price trend combined with extreme days-on-market indicates prices may compress 3-5% over the next two quarters as sellers capitulate. Monitor employment data in surrounding industrial corridors and new listing volume; if inventory grows beyond current levels while DOM remains above 180, price discovery moves lower.
What is the median home price in 85191 Phoenix?
The median sale price in 85191 is $190K, down N/A year-over-year as of 2023-07-31.
How long do homes stay on the market in Phoenix 85191?
Homes in 85191 Phoenix spend an average of 192 days on market before going under contract.
Is Phoenix 85191 a good place to invest in real estate?
Folio's PropIQ™ score for 85191 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 85191?
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 85191 Phoenix, Arizona.