Condos/Townhomes
Wed Mar 03 2021
This week the median list price for Marana, AZ is $290,400 with the market action index hovering around 36. This is an increase over last month's market action index of 31. Inventory has held steady at or around 2.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
Median List Price | $290,400 | |
Per Square Foot | $188 | |
Days on Market | 46 | |
Price Decreased | 0% | |
Price Increased | 0% | |
Relisted | 0% | |
Inventory | 2 | |
Median Rent | $1,339 | |
Most Expensive | $299,800 | |
Least Expensive | $281,000 | |
Market Action | 36 | |
Slight Seller's Advantage |
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$NaN | NaN | N/A | NaN | NaN | NaN | NaN | NaN | NaN |
$290,400 | 1,537 | 0 - 4,500 sqft | 2 | 2 | 22 | 0 | 0 | 45 |
$299,800 | 1,605 | 0 - 4,500 sqft | 2 | 2 | 23 | 0 | 0 | 63 |
$281,000 | 1,468 | 0 - 4,500 sqft | 2 | 2 | 22 | 0 | 0 | 28 |