Clear Title Agency of Arizona

Flagstaff, AZ 86001

Condos/Townhomes

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Flagstaff, AZ 86001

Thu Sep 19 2024
This week the median list price for Flagstaff, AZ 86001 is $536,007 with the market action index hovering around 36. This is less than last month's market action index of 44. Inventory has increased to 20. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Flagstaff, AZ 86001

Thu Sep 19 2024
This week the median list price for Flagstaff, AZ 86001 is $536,007 with the market action index hovering around 36. This is less than last month's market action index of 44. Inventory has increased to 20. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Flagstaff market.
Median List Price $536,007
Median Price of New Listings $462,000
Per Square Foot $406
Average Days on Market 123
Median Days on Market 56
Price Decreased 35%
Price Increased 5%
Relisted 40%
Inventory 20
Median Rent
Market Action 36
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$768,500 2,140 0 - 4,500 sqft 3 2.5 6 0 0 56
$582,055 1,370 0 - 4,500 sqft 3 2.5 6 1 0 49
$512,485 1,220 0 - 4,500 sqft 2 2 0 0 0 308
$363,900 906 0 - 4,500 sqft 2 2 25 1 1 56