Clear Title Agency of Arizona

Flagstaff, AZ

Condos/Townhomes

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Flagstaff, AZ

Tue Sep 28 2021
This week the median list price for Flagstaff, AZ is $378,575 with the market action index hovering around 54. This is less than last month's market action index of 58. Inventory has increased to 44. 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

The market has started cooling and prices have recently plateaued. Since 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

Tue Sep 28 2021
This week the median list price for Flagstaff, AZ is $378,575 with the market action index hovering around 54. This is less than last month's market action index of 58. Inventory has increased to 44. 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

The market has started cooling and prices have recently plateaued. Since 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 $378,575
Median Price of New Listings $339,000
Per Square Foot $310
Average Days on Market 31
Median Days on Market 21
Price Decreased 5%
Price Increased 0%
Relisted 2%
Inventory 44
Median Rent $1,555
Market Action 54
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
$575,000 1,874 0 - 4,500 sqft 3 2 14 1 4 21
$409,000 1,396 0 - 4,500 sqft 3 2 19 1 3 28
$358,900 1,260 0 - 4,500 sqft 2 2 17 2 0 21
$300,400 888 0 - 4,500 sqft 1 1 0 1 4 21