Your Localized Market Report

Cave Creek, AZ

Single-Family Homes

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Cave Creek, AZ

Mon Feb 06 2023
This week the median list price for Cave Creek, AZ is $1,000,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 120. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Cave Creek, AZ

Mon Feb 06 2023
This week the median list price for Cave Creek, AZ is $1,000,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 120. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $1,000,000
Median Price of New Listings $825,000
Per Square Foot $378
Average Days on Market 86
Median Days on Market 77
Price Decreased 51%
Price Increased 3%
Relisted 9%
Inventory 120
Median Rent
Market Action 37
Slight Seller's Advantage

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
$2,285,000 4,136 1 - 2.5 acres 4 3.5 15 3 2 63
$1,210,000 3,266 1 - 2.5 acres 4 3 19 4 4 112
$875,500 2,472 8,000 - 10,000 sqft 4 2.8 23 6 2 73
$632,450 1,810 6,500 - 8,000 sqft 3 2 26 8 7 66