Empire Title Agency's Market Report

Queen Creek, AZ

Single-Family Homes

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



Queen Creek, AZ

Fri Jun 21 2024
This week the median list price for Queen Creek, AZ is $714,997 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has increased to 430. 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.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Queen Creek, AZ

Fri Jun 21 2024
This week the median list price for Queen Creek, AZ is $714,997 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has increased to 430. 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.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Queen Creek market.
Median List Price $714,997
Median Price of New Listings $764,995
Per Square Foot $271
Average Days on Market 72
Median Days on Market 49
Price Decreased 57%
Price Increased 8%
Relisted 5%
Inventory 430
Median Rent
Market Action 35
Slight Seller's Advantage

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
$1,199,999 3,626 0.25 - 0.5 acre 4 4 5 12 7 42
$776,990 3,000 8,000 - 10,000 sqft 4 3 3 10 9 42
$657,880 2,510 6,500 - 8,000 sqft 4 3 1 6 15 42
$539,945 2,088 4,500 - 6,500 sqft 3 3 4 10 18 56