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Cave Creek, AZ 85331

Single-Family Homes

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Cave Creek, AZ 85331

Fri Jul 01 2022
This week the median list price for Cave Creek, AZ 85331 is $999,450 with the market action index hovering around 54. This is less than last month's market action index of 65. Inventory has increased to 130. Click here to stay informed with the Cave Creek market!

Market Action Index

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

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Cave Creek, AZ 85331

Fri Jul 01 2022
This week the median list price for Cave Creek, AZ 85331 is $999,450 with the market action index hovering around 54. This is less than last month's market action index of 65. Inventory has increased to 130. Click here to stay informed with the Cave Creek market!

Market Action Index

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

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $999,450
Median Price of New Listings $799,500
Per Square Foot $383
Average Days on Market 37
Median Days on Market 28
Price Decreased 53%
Price Increased 2%
Relisted 6%
Inventory 130
Median Rent
Market Action 54
Strong Seller's Market

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$2,547,499 4,567 1 - 2.5 acres 4 4.3 17 5 1 42
$1,272,500 2,963 1 - 2.5 acres 4 3 14 3 2 21
$835,500 2,211 0.25 - 0.5 acre 3 2.5 27 12 7 14
$625,000 1,925 6,500 - 8,000 sqft 3 2 24 6 3 21