First Arizona Title's Market Report

Litchfield Park, AZ

Single-Family Homes

First Arizona Title Agency | (480) 385-6500 | www.FirstAZTitle.com



Litchfield Park, AZ

Sun Aug 01 2021
This week the median list price for Litchfield Park, AZ is $625,000 with the market action index hovering around 85. This is less than last month's market action index of 86. Inventory has decreased to 46. Click here to stay informed with the Litchfield Park market!

Market Action Index

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

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Litchfield Park, AZ

Sun Aug 01 2021
This week the median list price for Litchfield Park, AZ is $625,000 with the market action index hovering around 85. This is less than last month's market action index of 86. Inventory has decreased to 46. Click here to stay informed with the Litchfield Park market!

Market Action Index

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

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Litchfield Park market.
Median List Price $625,000
Median Price of New Listings $449,000
Per Square Foot $232
Average Days on Market 31
Median Days on Market 14
Price Decreased 26%
Price Increased 11%
Relisted 2%
Inventory 46
Median Rent $2,373
Market Action 85
Strong Seller's Market

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
$1,150,000 3,691 1 - 2.5 acres 4 3 20 2 2 42
$710,000 3,426 0.25 - 0.5 acre 4 3 16 2 3 28
$499,900 2,418 4,500 - 6,500 sqft 4 2 2 4 4 7
$417,500 1,904 0 - 4,500 sqft 4 2 19 7 3 7