Condos/Townhomes
Thu Feb 13 2025
This week the median list price for Flagstaff, AZ 86001 is $590,285 with the market action index hovering around 34. This is an increase over last month's market action index of 32. Inventory has decreased to 29.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Median List Price | $590,285 | |
Median Price of New Listings | $288,000 | |
Per Square Foot | $439 | |
Average Days on Market | 75 | |
Median Days on Market | 63 | |
Price Decreased | 24% | |
Price Increased | 10% | |
Relisted | 3% | |
Inventory | 29 | |
Median Rent | ||
Market Action | 34 | |
Slight Seller's Advantage |
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 |
---|---|---|---|---|---|---|---|---|
$849,900 | 1,959 | 0 - 4,500 sqft | 3 | 2.5 | 4 | 0 | 0 | 49 |
$625,000 | 1,185 | 0 - 4,500 sqft | 3 | 2.5 | 1 | 0 | 1 | 126 |
$549,000 | 1,229 | 0 - 4,500 sqft | 2 | 2 | 0 | 0 | 2 | 28 |
$353,000 | 897 | 0 - 4,500 sqft | 2 | 2 | 26 | 1 | 2 | 66 |