85262
Phoenix, Arizona

ZIP code 85262 currently shows a median sale price of $1,672,000, marking a substantial 15.4% year-over-year increase that outpaces typical appreciation rates. However, this price growth coincides with extended market time, as properties average 81 days on market. Only 4% of homes are selling above list price, indicating weakened buyer urgency despite the double-digit appreciation. This disconnect between rising prices and slower transaction velocity suggests the market is absorbing recent gains rather than accelerating further.

These conditions favor sellers who purchased 18-24 months ago and can capture the 15.4% appreciation while accepting the 81-day marketing window. Cash-position buyers gain negotiating leverage from the 4% above-ask metric, as most transactions occur at or below list price. Investors seeking value-add opportunities should note the extended days-on-market figure creates more room for price discovery than faster-moving segments. This is not a momentum-chasing environment.

The PropIQ score of 55 signals caution rather than confidence, reflecting the tension between price appreciation and weakening velocity metrics. The 81-day absorption period and minimal bidding activity suggest demand is not keeping pace with the $1.67 million entry point. Watch for inventory accumulation and increased price reductions in coming months if days-on-market extends beyond 90 days, which would pressure the current appreciation trajectory and potentially compress the year-over-year growth rate.