First Integrity Title Market Report

Litchfield Park, AZ

Condos/Townhomes

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Litchfield Park, AZ

Sat Jul 27 2024
This week the median list price for Litchfield Park, AZ is $430,949 with the market action index hovering around 40. This is less than last month's market action index of 49. Inventory has held steady at or around 4. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Litchfield Park, AZ

Sat Jul 27 2024
This week the median list price for Litchfield Park, AZ is $430,949 with the market action index hovering around 40. This is less than last month's market action index of 49. Inventory has held steady at or around 4. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Litchfield Park market.
Median List Price $430,949
Median Price of New Listings $449,999
Per Square Foot $252
Average Days on Market 84
Median Days on Market 95
Price Decreased 50%
Price Increased 25%
Relisted 0%
Inventory 4
Median Rent
Market Action 40
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$840,000 3,317 0 - 4,500 sqft 3 4 43 0 0 140
$449,999 1,780 0 - 4,500 sqft 3 2 46 1 0 0
$411,900 1,905 4,500 - 6,500 sqft 4 2 48 0 0 147
$330,000 1,291 0 - 4,500 sqft 3 2 18 0 0 49