85249
Phoenix, Arizona
Phoenix 85249 is stable.
The 85249 ZIP code in Phoenix, Arizona has a median sale price of $715K, up +10.9% year-over-year. Homes spend an average of 70 days on market, with 9% of homes selling above list price.
Folio's PropIQ™ score of 65 signals Caution conditions. This market is holding steady. Monitor inventory shifts before committing.
The 85249 market posted a $715,000 median sale price in February 2026, marking a 10.9% year-over-year gain that outpaces regional averages. Inventory absorption remains measured at 69.5 days on market, substantially higher than the sub-30-day pace seen during peak demand periods. Only 9% of transactions closed above list price, signaling buyer leverage has returned despite nominal price appreciation continuing through the winter selling season.
Sellers with equity accumulated before 2023 can still capitalize on double-digit appreciation, though the 91% of homes selling at or below list price requires realistic pricing strategies. Patient buyers gain negotiating position from the 69.5-day market time, creating room for inspection concessions and closing cost contributions that were unavailable 18 months prior. Investors face compressed yields as acquisition costs rise 10.9% annually while rent growth in Phoenix metro decelerates to mid-single digits.
The PropIQ score of 65 registers caution as appreciation rates may prove unsustainable given lengthening market times and minimal above-list activity. Monitoring monthly inventory levels and days-on-market trends through spring will indicate whether current price growth represents durable demand or late-cycle momentum. A score below 70 historically precedes either price stabilization or inventory accumulation that shifts leverage further toward buyers by summer.
What is the median home price in 85249 Phoenix?
The median sale price in 85249 is $715K, up +10.9% year-over-year as of 2026-02-28.
How long do homes stay on the market in Phoenix 85249?
Homes in 85249 Phoenix spend an average of 70 days on market before going under contract.
Is Phoenix 85249 a good place to invest in real estate?
Folio's PropIQ™ score for 85249 is 65/100 — a Caution signal. 9% of homes sold above asking.
What does a PropIQ™ score of 65 mean for 85249?
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 65 = Caution in 85249 Phoenix, Arizona.