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

Mon Oct 03 2022
This week the median list price for Litchfield Park, AZ is $579,900 with the market action index hovering around 37. This is less than last month's market action index of 42. Inventory has held steady at or around 129. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Litchfield Park, AZ

Mon Oct 03 2022
This week the median list price for Litchfield Park, AZ is $579,900 with the market action index hovering around 37. This is less than last month's market action index of 42. Inventory has held steady at or around 129. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Litchfield Park market.
Median List Price $579,900
Median Price of New Listings $525,000
Per Square Foot $255
Average Days on Market 62
Median Days on Market 49
Price Decreased 66%
Price Increased 4%
Relisted 7%
Inventory 129
Median Rent
Market Action 37
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$974,950 3,564 0.25 - 0.5 acre 4 3 17 2 0 66
$665,000 2,565 0.25 - 0.5 acre 4 2.5 9 5 4 56
$539,425 2,242 8,000 - 10,000 sqft 4 2.3 17 2 3 45
$429,900 1,782 4,500 - 6,500 sqft 3 2 19 6 3 49