Clear Title Agency of Arizona

Flagstaff, AZ

Condos/Townhomes

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Flagstaff, AZ

Fri Jul 26 2024
This week the median list price for Flagstaff, AZ is $575,000 with the market action index hovering around 42. This is less than last month's market action index of 46. Inventory has increased to 55. Click here to stay informed with the Flagstaff market!

Market Action Index

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

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Flagstaff, AZ

Fri Jul 26 2024
This week the median list price for Flagstaff, AZ is $575,000 with the market action index hovering around 42. This is less than last month's market action index of 46. Inventory has increased to 55. Click here to stay informed with the Flagstaff market!

Market Action Index

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

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Flagstaff market.
Median List Price $575,000
Median Price of New Listings $425,000
Per Square Foot $394
Average Days on Market 88
Median Days on Market 28
Price Decreased 35%
Price Increased 16%
Relisted 0%
Inventory 55
Median Rent
Market Action 42
Slight Seller's Advantage

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$870,000 2,026 0 - 4,500 sqft 3 2.5 5 1 1 35
$674,000 2,060 0 - 4,500 sqft 3 2.5 18 0 1 28
$543,507 1,364 0 - 4,500 sqft 2 2 24 2 0 28
$347,499 875 0 - 4,500 sqft 2 2 24 2 2 31