Clear Title Agency of Arizona

Flagstaff, AZ 86001

Condos/Townhomes

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Flagstaff, AZ 86001

Sat Apr 13 2024
This week the median list price for Flagstaff, AZ 86001 is $517,485 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has increased to 19. 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

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

Sat Apr 13 2024
This week the median list price for Flagstaff, AZ 86001 is $517,485 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has increased to 19. 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

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 $517,485
Median Price of New Listings $592,000
Per Square Foot $416
Average Days on Market 140
Median Days on Market 70
Price Decreased 16%
Price Increased 0%
Relisted 0%
Inventory 19
Median Rent
Market Action 37
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$682,500 1,835 0 - 4,500 sqft 3 2.5 8 1 0 42
$534,500 1,370 0 - 4,500 sqft 3 2 1 2 0 154
$511,095 1,229 0 - 4,500 sqft 2 2 0 0 1 105
$379,000 888 0 - 4,500 sqft 1 1 0 1 2 70