85306
Phoenix, Arizona
Phoenix 85306 needs watching.
The 85306 ZIP code in Phoenix, Arizona has a median sale price of $406K, down -4.7% year-over-year. Homes spend an average of 51 days on market, with 13% 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 85306.
The 85306 market shows clear softening with a median sale price of $406,000, down 4.7% year-over-year, marking a definitive shift from the appreciation cycles of previous years. Homes are averaging 51 days on market, indicating modest but not distressed inventory movement. Only 13% of properties are selling above asking price, confirming buyer leverage has returned to this Phoenix submarket after years of seller dominance.
Price-sensitive buyers gain the most advantage in current conditions, with 87% of transactions closing at or below list price and sufficient time for due diligence given the 51-day absorption rate. Sellers with equity cushions built before 2024 can still exit profitably despite the 4.7% decline, but recent purchasers face limited appreciation runway. Investors seeking cash flow over appreciation may find entry points, though the PropIQ score of 55 signals risk that demands conservative underwriting assumptions.
The 55 PropIQ rating suggests continued price pressure or stagnation rather than imminent recovery, with the score positioned in cautionary territory below market-neutral thresholds. The combination of negative price momentum and modest sales velocity indicates supply-demand imbalance has not yet resolved. Watch for days-on-market trends and the percentage selling above list to move meaningfully before confirming any directional change in this ZIP code's trajectory.
What is the median home price in 85306 Phoenix?
The median sale price in 85306 is $406K, down -4.7% year-over-year as of 2026-02-28.
How long do homes stay on the market in Phoenix 85306?
Homes in 85306 Phoenix spend an average of 51 days on market before going under contract.
Is Phoenix 85306 a good place to invest in real estate?
Folio's PropIQ™ score for 85306 is 55/100 — a Caution signal. 13% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 85306?
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 85306 Phoenix, Arizona.