85205
Phoenix, Arizona
Phoenix 85205 is stable.
The 85205 ZIP code in Phoenix, Arizona has a median sale price of $390K, up +11.4% year-over-year. Homes spend an average of 58 days on market, with 16% 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.
The 85205 market posted an $390,000 median sale price in February 2026, marking an 11.4% annual increase that significantly outpaces inflation. Homes are moving at a measured pace with 58 days on market, while 16% of properties still command above-asking offers. This data reveals a market transitioning from last year's aggressive appreciation into a more sustainable growth pattern, where selective competition persists but blanket bidding wars have subsided.
Current conditions favor sellers with price flexibility and buyers with strong financing pre-approval. The 58-day absorption rate creates negotiation windows that weren't available during tighter inventory periods, particularly for buyers willing to act decisively on well-priced listings. The 16% above-ask rate means premium properties still generate competition, benefiting sellers who invest in presentation, while patient buyers can likely secure properties at or slightly below list on average-condition homes.
The PropIQ score of 70 signals neutral territory where appreciation continues but momentum indicators show conflicting signals. The 11.4% gain suggests demand strength, yet the moderate days-on-market figure indicates supply has improved from previous constraints. Watch for shifts in the above-ask percentage—if it drops below 10%, expect days-on-market to extend beyond 65 days within the next quarter, potentially moderating price growth toward the 6-8% range.
What is the median home price in 85205 Phoenix?
The median sale price in 85205 is $390K, up +11.4% year-over-year as of 2026-02-28.
How long do homes stay on the market in Phoenix 85205?
Homes in 85205 Phoenix spend an average of 58 days on market before going under contract.
Is Phoenix 85205 a good place to invest in real estate?
Folio's PropIQ™ score for 85205 is 70/100 — a Neutral Watch signal. 16% of homes sold above asking.
What does a PropIQ™ score of 70 mean for 85205?
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 85205 Phoenix, Arizona.