Pango Group

Wickenburg, AZ

Single-Family Homes

www.pangogroup.com



Wickenburg, AZ

Tue Jul 16 2024
This week the median list price for Wickenburg, AZ is $589,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has decreased to 105. Click here to stay informed with the Wickenburg market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Wickenburg, AZ

Tue Jul 16 2024
This week the median list price for Wickenburg, AZ is $589,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has decreased to 105. Click here to stay informed with the Wickenburg market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Wickenburg market.
Median List Price $589,000
Median Price of New Listings $398,000
Per Square Foot $313
Average Days on Market 135
Median Days on Market 112
Price Decreased 42%
Price Increased 1%
Relisted 7%
Inventory 105
Median Rent
Market Action 29
Slight Buyer'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
$1,087,500 2,900 2.5 - 5 acres 3 3.5 19 0 3 140
$675,000 2,041 0.25 - 0.5 acre 2 2 6 0 4 94
$555,603 1,818 0.25 - 0.5 acre 3 2 17 0 3 126
$435,000 1,545 6,500 - 8,000 sqft 2 2 28 3 1 98