Fri Jul 01 2022
This week the median list price for Litchfield Park, AZ 85340 is $725,000 with the market action index hovering around 72. This is less than last month's market action index of 80. Inventory has increased to 67.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$725,000|
|Median Price of New Listings||$799,999|
|Per Square Foot||$283|
|Average Days on Market||30|
|Median Days on Market||21|
|Strong Seller's Market|
While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,272,500||3,713||0.25 - 0.5 acre||4||3.5||17||4||3||21|
|$799,999||3,238||0.25 - 0.5 acre||4||3.5||19||2||3||21|
|$660,000||2,633||0.25 - 0.5 acre||4||2.5||11||3||6||42|
|$545,000||1,923||4,500 - 6,500 sqft||3||2||15||2||5||21|