Clear Title Agency of Arizona

Cave Creek, AZ 85331

Single-Family Homes

Where Quality Finds a Home |cleartitleaz.com | 480.278.8484


Cave Creek, AZ 85331

Thu Jan 20 2022
This week the median list price for Cave Creek, AZ 85331 is $1,290,000 with the market action index hovering around 62. This is less than last month's market action index of 65. Inventory has decreased to 41. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Cave Creek, AZ 85331

Thu Jan 20 2022
This week the median list price for Cave Creek, AZ 85331 is $1,290,000 with the market action index hovering around 62. This is less than last month's market action index of 65. Inventory has decreased to 41. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $1,290,000
Median Price of New Listings $1,193,750
Per Square Foot $354
Average Days on Market 136
Median Days on Market 49
Price Decreased 20%
Price Increased 5%
Relisted 2%
Inventory 41
Median Rent $6,000
Market Action 62
Strong Seller's Market

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$2,499,500 3,988 2.5 - 5 acres 4 4.3 18 3 0 73
$1,499,999 4,507 1 - 2.5 acres 4 3.5 19 2 2 49
$955,000 2,674 1 - 2.5 acres 4 2.5 35 3 3 35
$630,000 1,934 0.25 - 0.5 acre 3 2.5 30 4 5 56