85335
Phoenix, Arizona
Phoenix 85335 is stable.
The 85335 ZIP code in Phoenix, Arizona has a median sale price of $351K, down -3.5% year-over-year. Homes spend an average of 57 days on market, with 32% of homes selling above list price.
Folio's PropIQ™ score of 65 signals Caution conditions. This market is holding steady. Monitor inventory shifts before committing.
The 85335 ZIP code recorded a median sale price of $351,200 as of February 2026, representing a 3.5% year-over-year decline that signals continued price correction in this Phoenix-area market. Homes are averaging 56.5 days on market, indicating neither distressed selling nor strong demand velocity. Notably, 32% of transactions still closed above list price, suggesting selective competition for properly priced inventory even as overall values contract.
This environment favors patient buyers with financing secured and negotiating leverage, particularly those targeting the sub-$400,000 segment where price sensitivity has increased. The 32% above-ask rate indicates that lowball offers face rejection, but the 3.5% annual decline creates genuine savings compared to 2025 purchase prices. Sellers with equity cushions and flexible timelines can still transact at 56-day velocity, while overleveraged or time-constrained sellers face margin compression.
The PropIQ score of 65 triggers caution protocols, reflecting fundamentals that neither confirm bottom formation nor accelerating decline. The negative price trajectory combined with sub-60-day inventory turn suggests stabilization remains quarters away rather than weeks. Monitoring the above-ask percentage is critical—if that 32% figure drops below 25%, expect days-on-market to extend past 70 and price declines to steepen beyond the current 3.5% rate.
What is the median home price in 85335 Phoenix?
The median sale price in 85335 is $351K, down -3.5% year-over-year as of 2026-02-28.
How long do homes stay on the market in Phoenix 85335?
Homes in 85335 Phoenix spend an average of 57 days on market before going under contract.
Is Phoenix 85335 a good place to invest in real estate?
Folio's PropIQ™ score for 85335 is 65/100 — a Caution signal. 32% of homes sold above asking.
What does a PropIQ™ score of 65 mean for 85335?
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 65 = Caution in 85335 Phoenix, Arizona.