Empire Title Agency's Market Report

Queen Creek, AZ

Single-Family Homes

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



Queen Creek, AZ

Tue Aug 09 2022
This week the median list price for Queen Creek, AZ is $625,000 with the market action index hovering around 49. This is less than last month's market action index of 57. Inventory has increased to 431. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Queen Creek, AZ

Tue Aug 09 2022
This week the median list price for Queen Creek, AZ is $625,000 with the market action index hovering around 49. This is less than last month's market action index of 57. Inventory has increased to 431. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Queen Creek market.
Median List Price $625,000
Median Price of New Listings $657,486
Per Square Foot $274
Average Days on Market 40
Median Days on Market 28
Price Decreased 58%
Price Increased 2%
Relisted 6%
Inventory 431
Median Rent
Market Action 49
Strong Seller's Market

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. 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
$1,050,000 3,458 1 - 2.5 acres 4 3 8 21 12 28
$727,000 2,569 0.25 - 0.5 acre 4 2.5 8 18 11 28
$560,000 2,239 6,500 - 8,000 sqft 4 2.5 6 15 8 28
$465,000 1,761 4,500 - 6,500 sqft 3 2 16 18 9 28