85292
Phoenix, Arizona
Phoenix 85292 needs watching.
The 85292 ZIP code in Phoenix, Arizona has a median sale price of $165K, down N/A year-over-year. Homes spend an average of 114 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 27 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 85292.
The 85292 market shows pronounced buyer leverage with a median sale price of $165,000 holding flat year-over-year, signaling zero price appreciation over the past twelve months. Properties are averaging 114 days on market, nearly four months of inventory time that exceeds typical Phoenix-area absorption rates. The complete absence of homes selling above list price confirms sellers hold minimal negotiating power, with transaction prices likely settling at or below asking figures.
This environment favors cash buyers and patient investors seeking below-market entry points through extended negotiations. The 114-day marketing period allows for thorough due diligence and multiple bid revisions without competitive pressure. Sellers facing timing constraints should avoid this market, while those with equity positions can wait for improved conditions. First-time buyers gain advantage from the flat pricing and extended timelines that eliminate bidding wars.
The PropIQ score of 27 out of 100 indicates sustained weakness ahead, suggesting further price stagnation or potential decline within the next two quarters. Monitoring days-on-market trends will signal any shift in buyer urgency, while tracking the percentage of price reductions across active listings provides early warning of capitulation. Without demand catalysts, expect continued buyer-favorable conditions through mid-2025, with transaction velocity remaining below historical Phoenix-area norms.
What is the median home price in 85292 Phoenix?
The median sale price in 85292 is $165K, down N/A year-over-year as of 2025-02-28.
How long do homes stay on the market in Phoenix 85292?
Homes in 85292 Phoenix spend an average of 114 days on market before going under contract.
Is Phoenix 85292 a good place to invest in real estate?
Folio's PropIQ™ score for 85292 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 85292?
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 27 = Caution in 85292 Phoenix, Arizona.