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

Thu Jan 28 2021
This week the median list price for Litchfield Park, AZ is $408,490 with the market action index hovering around 69. This is about the same as last month's market action index of 69. Inventory has held steady at or around 37. 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

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.

Litchfield Park, AZ

Thu Jan 28 2021
This week the median list price for Litchfield Park, AZ is $408,490 with the market action index hovering around 69. This is about the same as last month's market action index of 69. Inventory has held steady at or around 37. 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

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 Litchfield Park market.
Median List Price $408,490
Per Square Foot $199
Days on Market 61
Price Decreased 30%
Price Increased 24%
Relisted 11%
Inventory 37
Median Rent $1,888
Most Expensive $1,500,000
Least Expensive $308,900
Market Action 69
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
$902,900 4,266 0.5 - 1 acre 4 4 22 1 2 133
$530,000 3,048 8,000 - 10,000 sqft 5 3 18 1 4 45
$395,000 2,004 4,500 - 6,500 sqft 4 3 1 1 2 31
$342,995 1,761 4,500 - 6,500 sqft 3 2 1 2 3 35