Old Republic Title's Market Report

Laveen, AZ

Single-Family Homes



Laveen, AZ

Tue Jul 05 2022
This week the median list price for Laveen, AZ is $525,000 with the market action index hovering around 69. This is less than last month's market action index of 77. Inventory has increased to 93. 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

Tue Jul 05 2022
This week the median list price for Laveen, AZ is $525,000 with the market action index hovering around 69. This is less than last month's market action index of 77. Inventory has increased to 93. 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 $525,000
Median Price of New Listings $461,166
Per Square Foot $234
Average Days on Market 31
Median Days on Market 21
Price Decreased 46%
Price Increased 5%
Relisted 2%
Inventory 93
Median Rent
Market Action 69
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
$849,950 3,268 1 - 2.5 acres 4 3 23 4 1 35
$575,000 3,143 6,500 - 8,000 sqft 5 3 16 3 4 21
$497,000 2,203 6,500 - 8,000 sqft 4 2.5 16 5 3 28
$447,500 1,764 4,500 - 6,500 sqft 3 2 15 14 7 7