85213
Phoenix, Arizona
Phoenix 85213 needs watching.
The 85213 ZIP code in Phoenix, Arizona has a median sale price of $580K, down -2.1% year-over-year. Homes spend an average of 63 days on market, with 18% of homes selling above list price.
Folio's PropIQ™ score of 60 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 85213.
ZIP code 85213 posted a median sale price of $580,000 as of February 2026, down 2.1% year-over-year, marking a measurable cooling from previous periods. Homes are averaging 62.5 days on market, indicating extended inventory absorption compared to the rapid turnover rates seen in 2021-2022. Only 18% of transactions closed above list price, suggesting sellers hold limited pricing power and buyers face reduced bidding competition across this Mesa submarket.
These conditions favor disciplined buyers with financing pre-approval and flexible closing timelines, as the 62.5-day market cycle provides adequate due diligence windows without extreme urgency. The 18% above-ask rate means negotiation leverage has shifted, creating room for inspection-contingent offers and seller concessions that were uncommon 24 months prior. Cash investors targeting long-term rental yield rather than rapid appreciation will find entry pricing more favorable than the 2021-2023 peak period.
The PropIQ score of 60 signals caution rather than crisis, indicating stabilization with downside risk if mortgage rates climb or inventory accelerates further. The 2.1% annual decline suggests price discovery is ongoing rather than complete, warranting close monitoring of month-over-month inventory levels and absorption rates through Q2 2026. Buyers should track whether days-on-market extends beyond 70 days, which would confirm further softening and potentially steeper price adjustments ahead.
What is the median home price in 85213 Phoenix?
The median sale price in 85213 is $580K, down -2.1% year-over-year as of 2026-02-28.
How long do homes stay on the market in Phoenix 85213?
Homes in 85213 Phoenix spend an average of 63 days on market before going under contract.
Is Phoenix 85213 a good place to invest in real estate?
Folio's PropIQ™ score for 85213 is 60/100 — a Caution signal. 18% of homes sold above asking.
What does a PropIQ™ score of 60 mean for 85213?
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 60 = Caution in 85213 Phoenix, Arizona.