First Integrity Title Market Report
Waddell, AZ
Single-Family Homes
www.FirstIntegrityTitle.com | 888-636-0372
Waddell, AZ
Tue Oct 15 2024
This week the median list price for Waddell, AZ is $567,245 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has increased to 102.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.
Real-Time Market Profile
| Median List Price | $567,245 | |
| Median Price of New Listings | $458,990 | |
| Per Square Foot | $252 | |
| Average Days on Market | 79 | |
| Median Days on Market | 60 | |
| Price Decreased | 57% | |
| Price Increased | 5% | |
| Relisted | 6% | |
| Inventory | 102 | |
| Median Rent | ||
| Market Action | 35 | |
| Slight Seller's Advantage | ||
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. The Market Action Index is a good leading indicator for the durability of this trend.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,229,999 | 3,300 | 1 - 2.5 acres | 4 | 4 | 18 | 1 | 1 | 77 |
| $694,990 | 2,623 | 8,000 - 10,000 sqft | 4 | 3 | 2 | 1 | 1 | 63 |
| $494,000 | 2,198 | 6,500 - 8,000 sqft | 4 | 3 | 11 | 3 | 2 | 49 |
| $430,000 | 1,818 | 4,500 - 6,500 sqft | 3 | 2.5 | 0 | 6 | 3 | 42 |