85255
Phoenix, Arizona
Phoenix 85255 needs watching.
The 85255 ZIP code in Phoenix, Arizona has a median sale price of $1.37M, down -1.1% year-over-year. Homes spend an average of 60 days on market, with 8% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 85255.
ZIP code 85255 demonstrates cooling luxury market dynamics, with the median sale price holding at $1,370,000 despite a marginal year-over-year decline of 1.1%. Properties are averaging 60 days on market, significantly above the rapid turnover rates seen during peak demand periods. Only 8% of homes are selling above list price, indicating buyers now hold negotiating leverage in a segment that previously commanded premiums. The combination of declining prices and extended marketing periods marks a clear shift from seller-dominated conditions.
This environment favors patient buyers with strong financing who can capitalize on reduced competition and negotiate below-ask transactions. The 92% of homes selling at or below list price creates room for offer strategies that were impossible 18 months ago. Sellers face headwinds and should prioritize competitive pricing over testing the market, as the 60-day absorption rate suggests overpriced listings will languish. Investors seeking cash-flowing properties may find better entry points than recent years, though appreciation expectations must be tempered.
The PropIQ score of 55 signals caution rather than distress, suggesting stabilization rather than freefall but warranting close monitoring of days-on-market trends. If DOM extends beyond 75 days or the percentage selling above list drops below 5%, further price compression becomes probable. Inventory levels and mortgage rate movements will determine whether the 1.1% decline represents temporary adjustment or the beginning of a sustained correction in this luxury tier.
What is the median home price in 85255 Phoenix?
The median sale price in 85255 is $1.37M, down -1.1% year-over-year as of 2026-02-28.
How long do homes stay on the market in Phoenix 85255?
Homes in 85255 Phoenix spend an average of 60 days on market before going under contract.
Is Phoenix 85255 a good place to invest in real estate?
Folio's PropIQ™ score for 85255 is 55/100 — a Caution signal. 8% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 85255?
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 55 = Caution in 85255 Phoenix, Arizona.