First Integrity Title Market Report

Litchfield Park, AZ

Single-Family Homes

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Litchfield Park, AZ

Mon Dec 02 2024
This week the median list price for Litchfield Park, AZ is $597,000 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has decreased to 182. 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

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Litchfield Park, AZ

Mon Dec 02 2024
This week the median list price for Litchfield Park, AZ is $597,000 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has decreased to 182. 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

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Litchfield Park market.
Median List Price $597,000
Median Price of New Listings $605,000
Per Square Foot $242
Average Days on Market 83
Median Days on Market 70
Price Decreased 53%
Price Increased 7%
Relisted 5%
Inventory 182
Median Rent
Market Action 35
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
$1,050,000 3,539 0.25 - 0.5 acre 4 4 19 5 5 70
$715,000 2,961 8,000 - 10,000 sqft 4 3 11 2 6 91
$545,000 2,326 6,500 - 8,000 sqft 4 3 3 3 7 77
$439,475 1,912 4,500 - 6,500 sqft 4 2 3 3 9 49