Your Localized Market Report

Cave Creek, AZ

Single-Family Homes

Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com



Cave Creek, AZ

Wed Apr 24 2024
This week the median list price for Cave Creek, AZ is $1,225,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has held steady at or around 185. 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 started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Cave Creek, AZ

Wed Apr 24 2024
This week the median list price for Cave Creek, AZ is $1,225,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has held steady at or around 185. 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 started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 Cave Creek market.
Median List Price $1,225,000
Median Price of New Listings $1,042,000
Per Square Foot $402
Average Days on Market 113
Median Days on Market 70
Price Decreased 51%
Price Increased 4%
Relisted 7%
Inventory 185
Median Rent
Market Action 33
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
$2,447,500 4,401 2.5 - 5 acres 4 5 7 2 2 87
$1,487,000 3,568 1 - 2.5 acres 4 4 18 2 3 77
$1,051,257 2,841 0.25 - 0.5 acre 4 3 22 3 5 70
$740,000 2,195 6,500 - 8,000 sqft 3 3 25 5 6 42