85929
Show Low, Arizona

The 85929 ZIP code in Show Low reports a median sale price of $415,000 as of February 2026, marking a year-over-year increase of 9.9%. Properties are averaging 87 days on market, indicating moderate absorption rates compared to faster-moving markets elsewhere in Arizona. Only 12% of homes are selling above list price, suggesting sellers hold limited pricing power despite the annual appreciation. This combination of metrics points to a cooling trajectory from previous peak conditions.

Buyers gain negotiating leverage in this environment, with 88% of transactions closing at or below asking price and nearly three months of typical market time providing room for due diligence. The 9.9% annual appreciation still rewards patient investors seeking secondary Arizona markets, particularly those targeting long-term holds rather than quick flips. Sellers who purchased before 2024 can still extract meaningful equity, but recent buyers face compressed margins given the 87-day absorption period and limited bidding competition.

The PropIQ score of 65 signals caution rather than crisis, indicating elevated risk factors without imminent distress. Monitoring days-on-market trends through Q2 2026 becomes critical—extension beyond 100 days would confirm further softening, while stabilization near current levels suggests a plateau. The 9.9% appreciation rate will likely moderate as inventory dynamics adjust, making the next 90 days decisive for whether this market establishes a new equilibrium or continues decelerating.