Pango Group

Litchfield Park, AZ

Single-Family Homes

www.pangogroup.com



Litchfield Park, AZ

Wed Dec 11 2024
This week the median list price for Litchfield Park, AZ is $599,999 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has decreased to 180. 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

Market Narrative

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

Wed Dec 11 2024
This week the median list price for Litchfield Park, AZ is $599,999 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has decreased to 180. 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

Market Narrative

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 $599,999
Median Price of New Listings $615,000
Per Square Foot $241
Average Days on Market 86
Median Days on Market 70
Price Decreased 54%
Price Increased 7%
Relisted 7%
Inventory 180
Median Rent
Market Action 34
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
$995,000 3,371 0.25 - 0.5 acre 4 4 19 2 3 63
$685,000 2,975 8,000 - 10,000 sqft 4 3 11 4 1 91
$545,428 2,338 6,500 - 8,000 sqft 4 3 4 1 2 84
$439,900 1,912 4,500 - 6,500 sqft 4 2 3 2 5 56