85282
Phoenix, Arizona

ZIP code 85282 shows limited momentum with a median sale price of $475,000, representing just 0.5% year-over-year appreciation that barely outpaces inflation. Homes are averaging 61 days on market, indicating a normalized pace that contrasts sharply with recent pandemic-era velocity. Only 17% of properties are closing above list price, signaling that bidding wars have largely evaporated and sellers are accepting terms closer to initial asking prices in this balanced environment.

This market configuration favors deliberate buyers with financing contingencies rather than cash-heavy investors seeking rapid appreciation. The 61-day marketing period provides adequate time for due diligence without the pressure that defined 2021-2022 transactions. Sellers with equity established before 2023 can still exit profitably, but recent purchasers face minimal appreciation runway. The 17% above-list figure suggests strategic pricing remains critical, as 83% of transactions occur at or below ask.

The PropIQ score of 70 reflects neutral conditions with watchlist designation, suggesting neither bullish acceleration nor bearish correction is imminent. The combination of 0.5% growth and extended days-on-market indicates price discovery is stabilizing rather than trending directionally. Monitoring absorption rates and any movement in that 17% above-list metric will signal whether this equilibrium persists or tips toward buyer advantage if spring inventory increases without corresponding demand.