Your Arizona Market Update

Litchfield Park, AZ

Single-Family Homes



Litchfield Park, AZ

Fri Jun 21 2024
This week the median list price for Litchfield Park, AZ is $589,900 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has decreased to 167. Click here to stay informed with the Litchfield Park market!

Market Action Index

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

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. 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.

Litchfield Park, AZ

Fri Jun 21 2024
This week the median list price for Litchfield Park, AZ is $589,900 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has decreased to 167. Click here to stay informed with the Litchfield Park market!

Market Action Index

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

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. 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 Litchfield Park market.
Median List Price $589,900
Median Price of New Listings $599,500
Per Square Foot $245
Average Days on Market 77
Median Days on Market 49
Price Decreased 54%
Price Increased 7%
Relisted 6%
Inventory 167
Median Rent
Market Action 38
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
$949,000 3,272 0.25 - 0.5 acre 4 4 19 2 0 70
$649,950 2,770 8,000 - 10,000 sqft 4 3 6 10 1 56
$561,495 2,307 6,500 - 8,000 sqft 4 3 2 2 5 49
$439,900 1,918 4,500 - 6,500 sqft 3 2 3 5 9 42