First Integrity Title Market Report

Litchfield Park, AZ

Condos/Townhomes

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Litchfield Park, AZ

Wed Dec 04 2024
This week the median list price for Litchfield Park, AZ is $485,000 with the market action index hovering around 49. This is less than last month's market action index of 55. Inventory has increased to 8. 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.

Strong Seller's Market

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Litchfield Park, AZ

Wed Dec 04 2024
This week the median list price for Litchfield Park, AZ is $485,000 with the market action index hovering around 49. This is less than last month's market action index of 55. Inventory has increased to 8. 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.

Strong Seller's Market

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Litchfield Park market.
Median List Price $485,000
Median Price of New Listings $0
Per Square Foot $278
Average Days on Market 66
Median Days on Market 25
Price Decreased 50%
Price Increased 0%
Relisted 13%
Inventory 8
Median Rent
Market Action 49
Strong Seller's Market

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$712,400 2,264 0 - 4,500 sqft 2 2.5 24 0 0 31
$565,000 1,852 0 - 4,500 sqft 2 2 4 0 0 56
$387,499 1,516 0 - 4,500 sqft 3 2 50 0 1 150
$284,949 956 0 - 4,500 sqft 1 1 35 0 0 24