First Integrity Title Market Report

Litchfield Park, AZ

Single-Family Homes

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Litchfield Park, AZ

Wed May 22 2024
This week the median list price for Litchfield Park, AZ is $589,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has increased to 179. 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

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.

Litchfield Park, AZ

Wed May 22 2024
This week the median list price for Litchfield Park, AZ is $589,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has increased to 179. 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

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 Litchfield Park market.
Median List Price $589,000
Median Price of New Listings $595,239
Per Square Foot $237
Average Days on Market 62
Median Days on Market 49
Price Decreased 48%
Price Increased 10%
Relisted 7%
Inventory 179
Median Rent
Market Action 39
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
$969,950 3,423 0.25 - 0.5 acre 4 4 17 5 2 49
$674,900 2,686 8,000 - 10,000 sqft 4 3 7 9 2 42
$549,990 2,370 6,500 - 8,000 sqft 4 3 2 7 3 49
$435,290 1,912 4,500 - 6,500 sqft 4 2 3 7 3 35