First Integrity Title Market Report
San Tan Valley, AZ
Condos/Townhomes
www.FirstIntegrityTitle.com | 888-636-0372
San Tan Valley, AZ
Mon Dec 11 2023
This week the median list price for San Tan Valley, AZ is $579,000 with the market action index hovering around 24. This is less than last month's market action index of 31. Inventory has increased to 5.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $579,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $302 | |
| Average Days on Market | 98 | |
| Median Days on Market | 84 | |
| Price Decreased | 40% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 5 | |
| Median Rent | ||
| Market Action | 24 | |
| Slight Buyer's Advantage | ||
Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
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 |
|---|---|---|---|---|---|---|---|---|
| $685,000 | 2,186 | 0 - 4,500 sqft | 4 | 3 | 7 | 0 | 0 | 126 |
| $585,000 | 2,186 | 0 - 4,500 sqft | 4 | 3 | 8 | 0 | 0 | 7 |
| $579,000 | 2,186 | 0 - 4,500 sqft | 3 | 3 | 7 | 0 | 0 | 238 |
| $437,500 | 1,430 | 0 - 4,500 sqft | 2 | 2 | 3 | 0 | 0 | 59 |