Your Localized Market Report

Cave Creek, AZ

Single-Family Homes

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Cave Creek, AZ

Tue Jun 06 2023
This week the median list price for Cave Creek, AZ is $1,200,000 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has held steady at or around 81. Click here to stay informed with the Cave Creek market!

Market Action Index

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

Slight Seller's Advantage

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Cave Creek, AZ

Tue Jun 06 2023
This week the median list price for Cave Creek, AZ is $1,200,000 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has held steady at or around 81. Click here to stay informed with the Cave Creek market!

Market Action Index

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

Slight Seller's Advantage

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $1,200,000
Median Price of New Listings $974,950
Per Square Foot $403
Average Days on Market 117
Median Days on Market 56
Price Decreased 41%
Price Increased 1%
Relisted 6%
Inventory 81
Median Rent
Market Action 43
Slight Seller's Advantage

This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.

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
$2,500,000 4,205 2.5 - 5 acres 4 4.5 16 2 1 122
$1,500,000 3,562 1 - 2.5 acres 4 3.5 20 2 2 73
$999,500 2,878 1 - 2.5 acres 4 2.8 21 4 1 63
$750,000 2,119 8,000 - 10,000 sqft 3 2 24 4 4 35