85658
Phoenix, Arizona
Phoenix 85658 needs watching.
The 85658 ZIP code in Phoenix, Arizona has a median sale price of $581K, down -0.7% year-over-year. Homes spend an average of 90 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 85658.
The Phoenix 85658 market is experiencing price compression, with the median sale price settling at $581,000 after declining 0.7% year-over-year. Properties are averaging 90 days on market, indicating extended absorption times compared to peak market velocity. Only 7% of homes are closing above asking price, confirming that seller pricing power has diminished substantially from prior periods. This marks a transition from competitive bidding environments to conditions requiring more realistic pricing strategies.
Buyers gain leverage in this environment, with 90-day inventory levels providing adequate time for due diligence and negotiation. The 7% above-list metric means 93% of transactions close at or below asking, creating room for offer adjustments. Cash-flow investors should proceed cautiously given the PropIQ score of 55, as negative price momentum impacts forced appreciation strategies. Sellers with equity and flexible timelines can still transact at the $581,000 median, but those requiring quick exits face pricing pressure.
The PropIQ score of 55 signals neutral-to-negative momentum, suggesting stabilization rather than recovery in the immediate term. Extended days-on-market figures typically precede either further price discovery or demand catalysts that haven't yet materialized. Monitoring absorption rates and the percentage of above-list sales over the next quarter will indicate whether the market finds a floor at current levels or requires additional price adjustment to clear inventory.
What is the median home price in 85658 Phoenix?
The median sale price in 85658 is $581K, down -0.7% year-over-year as of 2026-02-28.
How long do homes stay on the market in Phoenix 85658?
Homes in 85658 Phoenix spend an average of 90 days on market before going under contract.
Is Phoenix 85658 a good place to invest in real estate?
Folio's PropIQ™ score for 85658 is 55/100 — a Caution signal. 7% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 85658?
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 85658 Phoenix, Arizona.