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Flagstaff, AZ 86001

Single-Family Homes

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Flagstaff, AZ 86001

Thu Apr 25 2024
This week the median list price for Flagstaff, AZ 86001 is $794,000 with the market action index hovering around 38. This is an increase over last month's market action index of 35. Inventory has held steady at or around 34. Click here to stay informed with the Flagstaff market!

Market Action Index

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

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Flagstaff, AZ 86001

Thu Apr 25 2024
This week the median list price for Flagstaff, AZ 86001 is $794,000 with the market action index hovering around 38. This is an increase over last month's market action index of 35. Inventory has held steady at or around 34. Click here to stay informed with the Flagstaff market!

Market Action Index

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

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Flagstaff market.
Median List Price $794,000
Median Price of New Listings $758,000
Per Square Foot $401
Average Days on Market 135
Median Days on Market 67
Price Decreased 29%
Price Increased 6%
Relisted 3%
Inventory 34
Median Rent
Market Action 38
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,374,500 4,771 2.5 - 5 acres 4 3.3 19 0 0 147
$1,087,400 2,844 8,000 - 10,000 sqft 4 3 2 2 2 52
$699,900 1,936 8,000 - 10,000 sqft 4 2.5 23 3 2 14
$579,000 1,667 6,500 - 8,000 sqft 3 2.5 37 0 3 70