First Integrity Title Market Report

Laveen, AZ

Single-Family Homes

www.FirstIntegrityTitle.com | 888-636-0372



Laveen, AZ

Tue Jul 16 2024
This week the median list price for Laveen, AZ is $515,000 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has increased to 165. Click here to stay informed with the Laveen market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Laveen, AZ

Tue Jul 16 2024
This week the median list price for Laveen, AZ is $515,000 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has increased to 165. Click here to stay informed with the Laveen market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Laveen market.
Median List Price $515,000
Median Price of New Listings $499,997
Per Square Foot $237
Average Days on Market 59
Median Days on Market 35
Price Decreased 48%
Price Increased 12%
Relisted 3%
Inventory 165
Median Rent
Market Action 41
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$665,000 2,748 8,000 - 10,000 sqft 4 3 0 3 0 35
$579,995 2,510 6,500 - 8,000 sqft 4 3 0 2 6 56
$494,000 2,150 6,500 - 8,000 sqft 4 3 3 3 2 42
$419,995 1,779 4,500 - 6,500 sqft 3 2 16 6 6 24