85293
Phoenix, Arizona

# Phoenix 85293 Market Report | February 2026

The Phoenix 85293 market shows measured activity with homes selling at a $298,000 median, up 3.1% year-over-year. Properties are clearing in 39 days, indicating neither urgency nor stagnation. Notably, zero homes are trading above list price, signaling that seller pricing power has evaporated compared to tighter market periods. The 3.1% appreciation barely outpaces inflation, suggesting price growth has decelerated to modest single-digit gains after previous volatility in the Phoenix metro area.

This environment favors patient buyers with negotiating leverage, as the absence of above-list sales means most transactions close at or below asking price. Sellers face a balanced market where realistic pricing is essential; the 39-day average suggests overpriced homes likely sit considerably longer. Value-oriented investors may find opportunity if the modest 3.1% appreciation represents a floor rather than a ceiling, though the PropIQ score of 61 demands caution on speculative purchases expecting rapid appreciation.

The PropIQ 61 Caution rating suggests underlying fundamentals present moderate risk, warranting close monitoring of inventory levels and absorption rates through spring. If days-on-market extends beyond 45 or price cuts become widespread, downward pressure could suppress the 3.1% growth trajectory. Buyers should watch for rising inventory, while sellers must remain price-competitive as the zero-above-list metric indicates this market punishes optimistic pricing strategies.