The First American Title Market Report

New River, AZ

Single-Family Homes

Arizona Direct Operations



New River, AZ

Thu Jan 20 2022
This week the median list price for New River, AZ is $685,000 with the market action index hovering around 62. This is about the same as last month's market action index of 62. Inventory has decreased to 17. Click here to stay informed with the New River market!

Market Action Index

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

Strong Seller's Market

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.

New River, AZ

Thu Jan 20 2022
This week the median list price for New River, AZ is $685,000 with the market action index hovering around 62. This is about the same as last month's market action index of 62. Inventory has decreased to 17. Click here to stay informed with the New River market!

Market Action Index

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

Strong Seller's Market

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 New River market.
Median List Price $685,000
Median Price of New Listings $639,945
Per Square Foot $273
Average Days on Market 111
Median Days on Market 77
Price Decreased 18%
Price Increased 24%
Relisted 6%
Inventory 17
Median Rent $2,100
Market Action 62
Strong Seller's Market

The market is 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
$912,500 2,977 1 - 2.5 acres 3 2.8 10 0 0 273
$725,050 2,646 1 - 2.5 acres 4 2.8 16 3 0 73
$654,999 2,897 1 - 2.5 acres 4 3 17 0 0 80
$579,900 1,950 2.5 - 5 acres 4 2 17 3 3 14