First Integrity Title Market Report

Litchfield Park, AZ

Condos/Townhomes

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Litchfield Park, AZ

Fri Mar 31 2023
This week the median list price for Litchfield Park, AZ is $316,900 with the market action index hovering around 44. This is less than last month's market action index of 46. Inventory has held steady at or around 7. 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

Fri Mar 31 2023
This week the median list price for Litchfield Park, AZ is $316,900 with the market action index hovering around 44. This is less than last month's market action index of 46. Inventory has held steady at or around 7. 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 $316,900
Median Price of New Listings $0
Per Square Foot $282
Average Days on Market 81
Median Days on Market 56
Price Decreased 29%
Price Increased 0%
Relisted 0%
Inventory 7
Median Rent
Market Action 44
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
$635,000 2,845 - 3 2.5 5 0 0 168
$464,900 2,128 0 - 4,500 sqft 2 2.3 9 0 1 108
$315,950 1,035 0 - 4,500 sqft 1 1.5 36 0 1 80
$287,800 939 - 2 1 53 0 1 10