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

Wed Oct 04 2023
This week the median list price for Litchfield Park, AZ is $592,999 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has increased to 126. 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.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Wed Oct 04 2023
This week the median list price for Litchfield Park, AZ is $592,999 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has increased to 126. 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.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $592,999
Median Price of New Listings $568,999
Per Square Foot $231
Average Days on Market 63
Median Days on Market 42
Price Decreased 60%
Price Increased 4%
Relisted 6%
Inventory 126
Median Rent
Market Action 40
Slight Seller's Advantage

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
$925,000 3,656 0.25 - 0.5 acre 5 4 18 2 3 49
$649,900 2,840 8,000 - 10,000 sqft 4 3 4 6 3 56
$549,500 2,401 6,500 - 8,000 sqft 4 3 2 6 3 28
$438,450 1,842 4,500 - 6,500 sqft 3 2 19 5 1 24