85354
Phoenix, Arizona
Phoenix 85354 is stable.
The 85354 ZIP code in Phoenix, Arizona has a median sale price of $451K, up +1.3% year-over-year. Homes spend an average of 73 days on market, with 22% of homes selling above list price.
Folio's PropIQ™ score of 70 signals Neutral Watch conditions. This market is holding steady. Monitor inventory shifts before committing.
The 85354 market is showing deceleration after a period of appreciation, with the current median sale price at $451,000 reflecting a modest 1.3% year-over-year increase. Homes are averaging 73 days on market, indicating a normalization from the rapid turnover seen in previous cycles. With only 22% of properties selling above list price, the competitive bidding pressure has substantially diminished, creating more balanced conditions between buyers and sellers in this Phoenix submarket.
These metrics favor patient buyers with financing contingencies who can navigate the 73-day timeline without pressure. The 22% above-ask ratio means 78% of transactions close at or below list, giving leverage to buyers who conduct thorough inspections and negotiate repairs. Sellers with equity built before 2024 can still exit profitably given the 1.3% annual gain, but recent buyers face compressed margins and should avoid forced sales in this environment.
The PropIQ score of 70 signals neutral momentum with downside risk if days-on-market extends beyond 80 or the above-ask percentage drops below 20%. The modest 1.3% appreciation rate sits below inflation, suggesting real price compression that could accelerate if Phoenix employment data weakens or inventory increases. Monitor monthly absorption rates and mortgage rate movements, as this market lacks the momentum to absorb negative shocks without price adjustment.
What is the median home price in 85354 Phoenix?
The median sale price in 85354 is $451K, up +1.3% year-over-year as of 2026-02-28.
How long do homes stay on the market in Phoenix 85354?
Homes in 85354 Phoenix spend an average of 73 days on market before going under contract.
Is Phoenix 85354 a good place to invest in real estate?
Folio's PropIQ™ score for 85354 is 70/100 — a Neutral Watch signal. 22% of homes sold above asking.
What does a PropIQ™ score of 70 mean for 85354?
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 70 = Neutral Watch in 85354 Phoenix, Arizona.