Lawyers Title Market Report

Cave Creek, AZ

Single-Family Homes

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Cave Creek, AZ

Tue Jul 14 2020
This week the median list price for Cave Creek, AZ is $800,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 119. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Cave Creek, AZ

Tue Jul 14 2020
This week the median list price for Cave Creek, AZ is $800,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 119. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $800,000
Per Square Foot $258
Days on Market 212
Price Decreased 36%
Price Increased 5%
Relisted 6%
Inventory 119
Median Rent $2,800
Most Expensive $5,997,000
Least Expensive $328,000
Market Action 40
Slight Seller's Advantage

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate 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
$1,599,000 4,343 2.5 - 5 acres 4 4 14 1 2 460
$954,500 3,539 1 - 2.5 acres 4 3 14 4 5 151
$726,950 2,988 0.5 - 1 acre 4 3 13 4 4 150
$569,000 2,128 0.5 - 1 acre 3 2 24 8 4 95