Clear Title Agency of Arizona

Flagstaff, AZ

Condos/Townhomes

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Flagstaff, AZ

Mon Oct 03 2022
This week the median list price for Flagstaff, AZ is $479,465 with the market action index hovering around 52. This is less than last month's market action index of 54. Inventory has increased to 38. 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.

Strong Seller's Market

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.

Flagstaff, AZ

Mon Oct 03 2022
This week the median list price for Flagstaff, AZ is $479,465 with the market action index hovering around 52. This is less than last month's market action index of 54. Inventory has increased to 38. 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.

Strong Seller's Market

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 Flagstaff market.
Median List Price $479,465
Median Price of New Listings $475,000
Per Square Foot $379
Average Days on Market 76
Median Days on Market 39
Price Decreased 32%
Price Increased 13%
Relisted 8%
Inventory 38
Median Rent
Market Action 52
Strong Seller's Market

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
$755,000 2,288 0 - 4,500 sqft 4 3.3 6 0 2 91
$529,000 1,387 0 - 4,500 sqft 2 2 20 2 1 7
$461,600 1,274 0 - 4,500 sqft 2 2 10 1 2 66
$284,950 720 0 - 4,500 sqft 1 1 24 2 3 17