85254
Phoenix, Arizona
Phoenix 85254 is stable.
The 85254 ZIP code in Phoenix, Arizona has a median sale price of $923K, up +2.2% year-over-year. Homes spend an average of 62 days on market, with 7% 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 85254 market is showing modest growth with a median sale price of $922,500, up 2.2% year-over-year, trailing the broader Phoenix metro appreciation rate. Homes are averaging 62 days on market, indicating neither urgency nor stagnation in transaction velocity. Only 7% of properties are closing above list price, a significant decline from peak-market conditions when bidding wars were standard, suggesting sellers now face realistic pricing pressure and limited leverage in negotiations.
This environment favors patient buyers with strong pre-approval who can capitalize on the 62-day average market time to conduct thorough due diligence without fear of immediate competition. The 7% above-list metric indicates room for negotiation on most properties, particularly beneficial for primary residence purchasers rather than investors seeking rapid appreciation. Sellers with equity built before 2023 can still exit profitably given the 2.2% gain, but recent purchasers have minimal margin.
The PropIQ score of 65 signals caution, suggesting underlying fundamentals may not support aggressive price growth in coming quarters. With appreciation barely outpacing inflation and inventory absorption slowing to two-month cycles, monitor employment data and mortgage rate movements as leading indicators. Any uptick in days-on-market beyond 70 or decline in the already-low 7% above-list figure would confirm a definitive shift toward buyer advantage.
What is the median home price in 85254 Phoenix?
The median sale price in 85254 is $923K, up +2.2% year-over-year as of 2026-02-28.
How long do homes stay on the market in Phoenix 85254?
Homes in 85254 Phoenix spend an average of 62 days on market before going under contract.
Is Phoenix 85254 a good place to invest in real estate?
Folio's PropIQ™ score for 85254 is 65/100 — a Caution signal. 7% of homes sold above asking.
What does a PropIQ™ score of 65 mean for 85254?
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 85254 Phoenix, Arizona.