Clear Title Agency of Arizona
Flagstaff, AZ 86001
Condos/Townhomes
Where Quality Finds a Home |cleartitleaz.com | 480.278.8484
Flagstaff, AZ 86001
Fri Jul 26 2024
This week the median list price for Flagstaff, AZ 86001 is $538,015 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has increased to 17.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has started cooling and prices have recently plateaued. Since 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
| Median List Price | $538,015 | |
| Median Price of New Listings | $373,000 | |
| Per Square Foot | $413 | |
| Average Days on Market | 131 | |
| Median Days on Market | 28 | |
| Price Decreased | 12% | |
| Price Increased | 29% | |
| Relisted | 0% | |
| Inventory | 17 | |
| Median Rent | ||
| Market Action | 43 | |
| Slight Seller's Advantage | ||
In the last few weeks we’ve seen prices in this zip code bouncing around this 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 |
|---|---|---|---|---|---|---|---|---|
| $860,000 | 1,636 | 0 - 4,500 sqft | 3 | 2.3 | 1 | 0 | 0 | 35 |
| $610,977 | 1,755 | 0 - 4,500 sqft | 3 | 2.3 | 8 | 1 | 0 | 17 |
| $533,047 | 1,220 | 0 - 4,500 sqft | 2 | 2 | 0 | 0 | 0 | 406 |
| $373,000 | 906 | 0 - 4,500 sqft | 2 | 2 | 24 | 2 | 1 | 21 |