Empire Title Agency's Market Report

Queen Creek, AZ

Single-Family Homes

www.ewtaz.com | MarketReports@ewtaz.com | (602) 749-7000



Queen Creek, AZ

Thu Sep 16 2021
This week the median list price for Queen Creek, AZ is $639,950 with the market action index hovering around 70. This is less than last month's market action index of 73. Inventory has decreased to 160. Click here to stay informed with the Queen Creek market!

Market Action Index

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

Strong Seller's Market

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.

Queen Creek, AZ

Thu Sep 16 2021
This week the median list price for Queen Creek, AZ is $639,950 with the market action index hovering around 70. This is less than last month's market action index of 73. Inventory has decreased to 160. Click here to stay informed with the Queen Creek market!

Market Action Index

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

Strong Seller's Market

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 Queen Creek market.
Median List Price $639,950
Median Price of New Listings $546,300
Per Square Foot $255
Average Days on Market 55
Median Days on Market 21
Price Decreased 34%
Price Increased 12%
Relisted 6%
Inventory 160
Median Rent
Market Action 70
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$994,997 3,602 1 - 2.5 acres 4 3 6 4 11 31
$725,000 2,803 0.25 - 0.5 acre 4 3 4 12 10 42
$584,500 2,341 8,000 - 10,000 sqft 4 2 2 6 9 21
$449,947 1,896 4,500 - 6,500 sqft 3 2 15 18 16 14