85616
Sierra Vista, Arizona

The 85616 ZIP code shows a cooling pattern with the median sale price at $320,000, down 1.5% year-over-year, while homes average 141 days on market. The extended DOM reflects softening demand in this Sierra Vista submarket, though 42% of sales still close above asking price, indicating selective competition for well-positioned properties. This split performance suggests bifurcation between premium inventory that moves quickly and secondary stock that languishes.

Buyers gain negotiating leverage in this environment, particularly those targeting homes that exceed the 141-day threshold where seller motivation typically increases. The 42% above-ask closure rate means discerning purchasers can avoid bidding wars by focusing on the 58% that sell at or below list. Sellers with equity built before the 1.5% decline can still exit successfully, but must price within 2-3% of recent comparables to avoid joining the longer DOM cohort.

The PropIQ score of 70 signals neutral conditions with downside risk if days-on-market extends beyond 150 or the above-ask percentage drops below 40%. The current metrics suggest stabilization rather than sharp correction, but absorption rates warrant monitoring through Q2 2026. Price discovery continues as this market transitions from the pandemic-era seller advantage toward equilibrium, with spring inventory levels determining whether the 1.5% decline extends to 3-4% by year-end.