First Integrity Title Market Report

Litchfield Park, AZ

Single-Family Homes

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Litchfield Park, AZ

Sat Jul 27 2024
This week the median list price for Litchfield Park, AZ is $585,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 170. 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

Sat Jul 27 2024
This week the median list price for Litchfield Park, AZ is $585,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 170. 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 $585,000
Median Price of New Listings $510,990
Per Square Foot $245
Average Days on Market 71
Median Days on Market 49
Price Decreased 61%
Price Increased 5%
Relisted 5%
Inventory 170
Median Rent
Market Action 38
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
$956,500 3,309 0.25 - 0.5 acre 4 4 19 2 4 63
$649,950 2,680 8,000 - 10,000 sqft 4 3 4 5 5 52
$550,000 2,275 6,500 - 8,000 sqft 3 3 3 1 3 63
$439,590 1,914 4,500 - 6,500 sqft 4 2 2 9 6 35