85375
Phoenix, Arizona
Phoenix 85375 needs watching.
The 85375 ZIP code in Phoenix, Arizona has a median sale price of $350K, down -5.4% year-over-year. Homes spend an average of 68 days on market, with 7% 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 85375.
The Phoenix ZIP code 85375 market shows contractionary pressure, with the median sale price settling at $350,000 after a year-over-year decline of 5.4%. Properties are averaging 67.5 days on market, indicating slower absorption than peak periods. Only 7% of homes are closing above list price, signaling a definitive shift from seller-driven bidding dynamics. This price correction reflects broader cooling in the Phoenix metro's outlying submarkets.
This environment favors patient buyers with financing contingencies who can negotiate during the extended 67.5-day marketing window. The 5.4% annual depreciation creates equity entry points for owner-occupants planning 7-10 year holds to absorb the decline. Sellers face headwinds unless priced at or below the $350,000 median, as the 7% above-list metric confirms limited premium capture. Investors seeking cash flow over appreciation should underwrite conservative exit assumptions.
The PropIQ score of 55 suggests continued sideways-to-negative price action through the next two quarters. Monitor days-on-market trends; movement beyond 75 days would signal deepening buyer resistance at current pricing. The low above-list percentage indicates this market has not yet found a floor, requiring weekly price-per-square-foot analysis to identify stabilization. Rate-sensitive demand will dictate whether the median holds at $350,000 or tests lower support levels.
What is the median home price in 85375 Phoenix?
The median sale price in 85375 is $350K, down -5.4% year-over-year as of 2026-02-28.
How long do homes stay on the market in Phoenix 85375?
Homes in 85375 Phoenix spend an average of 68 days on market before going under contract.
Is Phoenix 85375 a good place to invest in real estate?
Folio's PropIQ™ score for 85375 is 55/100 — a Caution signal. 7% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 85375?
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 85375 Phoenix, Arizona.