First Integrity Title Market Report

Waddell, AZ

Single-Family Homes

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Waddell, AZ

Thu Mar 28 2024
This week the median list price for Waddell, AZ is $532,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 64. Click here to stay informed with the Waddell market!

Market Action Index

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

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Waddell, AZ

Thu Mar 28 2024
This week the median list price for Waddell, AZ is $532,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 64. Click here to stay informed with the Waddell market!

Market Action Index

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

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Waddell market.
Median List Price $532,000
Median Price of New Listings $552,500
Per Square Foot $238
Average Days on Market 87
Median Days on Market 35
Price Decreased 48%
Price Increased 3%
Relisted 5%
Inventory 64
Median Rent
Market Action 33
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$924,900 2,776 1 - 2.5 acres 4 3 17 2 1 87
$633,240 3,072 8,000 - 10,000 sqft 4 3 16 2 1 63
$478,282 2,040 4,500 - 6,500 sqft 4 3 1 1 1 28
$414,997 1,700 4,500 - 6,500 sqft 3 2 4 1 3 14