Clear Title Agency of Arizona

Flagstaff, AZ

Condos/Townhomes

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Flagstaff, AZ

Sun Apr 14 2024
This week the median list price for Flagstaff, AZ is $511,095 with the market action index hovering around 34. This is less than last month's market action index of 36. Inventory has increased to 43. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Flagstaff, AZ

Sun Apr 14 2024
This week the median list price for Flagstaff, AZ is $511,095 with the market action index hovering around 34. This is less than last month's market action index of 36. Inventory has increased to 43. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Flagstaff market.
Median List Price $511,095
Median Price of New Listings $449,900
Per Square Foot $394
Average Days on Market 127
Median Days on Market 63
Price Decreased 14%
Price Increased 5%
Relisted 5%
Inventory 43
Median Rent
Market Action 34
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
$770,014 2,343 0 - 4,500 sqft 3 3 16 2 3 31
$540,000 1,370 0 - 4,500 sqft 2 2 6 2 1 56
$465,000 1,220 0 - 4,500 sqft 2 2 8 2 1 28
$12,000 1,860 0 - 4,500 sqft 3 3 16 3 1 161