Old Republic Title Market Report

Laveen, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Laveen, AZ

Wed Sep 22 2021
This week the median list price for Laveen, AZ is $469,950 with the market action index hovering around 86. This is an increase over last month's market action index of 84. Inventory has decreased to 55. Click here to stay informed with the Laveen market!

Market Action Index

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

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Laveen, AZ

Wed Sep 22 2021
This week the median list price for Laveen, AZ is $469,950 with the market action index hovering around 86. This is an increase over last month's market action index of 84. Inventory has decreased to 55. Click here to stay informed with the Laveen market!

Market Action Index

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

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Laveen market.
Median List Price $469,950
Median Price of New Listings $459,990
Per Square Foot $214
Average Days on Market 33
Median Days on Market 21
Price Decreased 27%
Price Increased 9%
Relisted 4%
Inventory 55
Median Rent $2,185
Market Action 86
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$605,000 2,902 0.25 - 0.5 acre 4 3 16 2 2 35
$490,495 2,331 6,500 - 8,000 sqft 4 2 3 4 5 17
$456,039 2,414 6,500 - 8,000 sqft 4 2 14 7 3 17
$422,490 1,721 6,500 - 8,000 sqft 3 2 13 6 5 14