85216
Phoenix, Arizona
Phoenix 85216 is accelerating.
The 85216 ZIP code in Phoenix, Arizona has a median sale price of $466K, down N/A year-over-year. Homes spend an average of 1 days on market, with 100% of homes selling above list price.
Folio's PropIQ™ score of 97 signals Strong Buy conditions. Strong momentum and fast absorption suggest continued appreciation in Phoenix.
The 85216 ZIP code shows extreme velocity despite price stagnation, with homes averaging just one day on market and 100% of properties selling above asking price as of August 2024. The $466,000 median holds flat year-over-year, suggesting buyers are absorbing inventory immediately at current price points rather than bidding values upward. This combination of zero days-on-market and universal over-ask sales indicates structural undersupply meeting persistent demand at the established price ceiling.
This environment punishes hesitant buyers while rewarding decisive cash purchasers and sellers with properly-priced inventory. Investors seeking appreciation should look elsewhere given flat year-over-year values, but those prioritizing occupancy rates in rental strategies benefit from the demand intensity. Sellers face optimal conditions with one-day turnover eliminating carrying costs, though the flat pricing trend suggests limited room for aggressive list pricing above the $466,000 median.
The PropIQ score of 97 signals strong buy conviction despite sideways pricing, likely detecting leading indicators not yet reflected in sale prices. The undersupply dynamic—evidenced by single-digit days-on-market—typically precedes price acceleration once buyer capitulation reaches critical mass. Monitor whether the 100% above-ask metric persists and if median prices break above the flat trend line in Q4 2024 to confirm the timing algorithm's bullish positioning.
What is the median home price in 85216 Phoenix?
The median sale price in 85216 is $466K, down N/A year-over-year as of 2024-08-31.
How long do homes stay on the market in Phoenix 85216?
Homes in 85216 Phoenix spend an average of 1 days on market before going under contract.
Is Phoenix 85216 a good place to invest in real estate?
Folio's PropIQ™ score for 85216 is 97/100 — a Strong Buy signal. 100% of homes sold above asking.
What does a PropIQ™ score of 97 mean for 85216?
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 97 = Strong Buy in 85216 Phoenix, Arizona.