Old Republic Title Market Report

Laveen, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Laveen, AZ

Mon Sep 21 2020
This week the median list price for Laveen, AZ is $372,990 with the market action index hovering around 75. This is less than last month's market action index of 81. Inventory has held steady at or around 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 has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Laveen, AZ

Mon Sep 21 2020
This week the median list price for Laveen, AZ is $372,990 with the market action index hovering around 75. This is less than last month's market action index of 81. Inventory has held steady at or around 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 has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Laveen market.
Median List Price $372,990
Per Square Foot $168
Days on Market 35
Price Decreased 7%
Price Increased 49%
Relisted 0%
Inventory 55
Median Rent $1,595
Most Expensive $695,000
Least Expensive $240,000
Market Action 75
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
$535,900 2,331 1 - 2.5 acres 4 2 14 2 1 103
$393,990 2,289 0 - 4,500 sqft 4 3 0 2 1 13
$357,945 2,028 0 - 4,500 sqft 3 2 0 5 1 13
$286,450 1,838 0 - 4,500 sqft 4 2 14 7 7 13