85901
Show Low, Arizona

The Show Low 85901 market has entered correction territory with a median sale price of $385,000, down 18.9% year-over-year as of February 2026. Homes are averaging 99 days on market, nearly triple the velocity seen in competitive markets, while only 5% of properties sell above asking price. This pricing pressure indicates a clear shift from seller advantage to buyer leverage, with sellers forced to meet market pricing or face extended listing periods that further weaken negotiating position.

Patient cash buyers and relocation purchasers gain maximum advantage in these conditions, as the 99-day average DOM creates room for aggressive negotiation on already-reduced prices. Traditional investors should exercise caution given the 18.9% depreciation trend, which suggests negative carry potential for near-term flips. Sellers with equity cushions may still exit profitably, but recent buyers from 2024-2025 likely face underwater positions or minimal appreciation that won't cover transaction costs.

The PropIQ score of 41 signals continued downward pressure, placing this ZIP in the bottom performance quartile nationally. Forward indicators suggest stabilization requires either demand catalysts or further price discovery below current $385,000 levels. Monitor absorption rates and mortgage rate movements through Q2 2026, as additional days-on-market increases beyond 100 would confirm deepening buyer resistance at present valuations.