First Arizona Title's Market Report

Cave Creek, AZ

Single-Family Homes

First Arizona Title Agency | (480) 385-6500 | www.FirstAZTitle.com



Cave Creek, AZ

Tue Sep 27 2022
This week the median list price for Cave Creek, AZ is $964,900 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has increased to 143. Click here to stay informed with the Cave Creek 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Cave Creek, AZ

Tue Sep 27 2022
This week the median list price for Cave Creek, AZ is $964,900 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has increased to 143. Click here to stay informed with the Cave Creek 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Cave Creek market.
Median List Price $964,900
Median Price of New Listings $795,000
Per Square Foot $356
Average Days on Market 65
Median Days on Market 49
Price Decreased 63%
Price Increased 3%
Relisted 8%
Inventory 143
Median Rent
Market Action 40
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
$1,850,000 3,903 2.5 - 5 acres 4 3.5 16 1 2 70
$1,100,000 3,042 0.5 - 1 acre 4 3 20 6 2 42
$827,000 2,501 0.25 - 0.5 acre 4 2.5 27 5 5 38
$600,000 1,944 4,500 - 6,500 sqft 3 2.5 24 7 4 59