First Integrity Title Market Report

Litchfield Park, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 303.837.9171



Litchfield Park, AZ

Thu Dec 08 2022
This week the median list price for Litchfield Park, AZ is $337,200 with the market action index hovering around 30. This is less than last month's market action index of 41. Inventory has increased to 16. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Thu Dec 08 2022
This week the median list price for Litchfield Park, AZ is $337,200 with the market action index hovering around 30. This is less than last month's market action index of 41. Inventory has increased to 16. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $337,200
Median Price of New Listings $0
Per Square Foot $283
Average Days on Market 60
Median Days on Market 56
Price Decreased 69%
Price Increased 0%
Relisted 0%
Inventory 16
Median Rent
Market Action 30
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
$560,000 2,302 4,500 - 6,500 sqft 2 2.5 37 0 0 49
$454,950 1,617 0 - 4,500 sqft 2 2 26 0 0 63
$327,250 1,130 0 - 4,500 sqft 2 2 16 0 0 70
$292,449 932 0 - 4,500 sqft 1 1 16 0 0 42