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

Fri May 27 2022
This week the median list price for Litchfield Park, AZ is $700,000 with the market action index hovering around 85. This is less than last month's market action index of 89. Inventory has increased to 55. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Litchfield Park, AZ

Fri May 27 2022
This week the median list price for Litchfield Park, AZ is $700,000 with the market action index hovering around 85. This is less than last month's market action index of 89. Inventory has increased to 55. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Litchfield Park market.
Median List Price $700,000
Median Price of New Listings $674,900
Per Square Foot $273
Average Days on Market 21
Median Days on Market 14
Price Decreased 25%
Price Increased 5%
Relisted 2%
Inventory 55
Median Rent
Market Action 85
Strong Seller's Market

Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$1,300,000 3,800 0.25 - 0.5 acre 4 3 17 2 0 14
$820,000 3,260 0.25 - 0.5 acre 4 3 18 5 2 10
$649,950 2,417 0.25 - 0.5 acre 4 2.5 2 3 4 17
$487,500 1,832 6,500 - 8,000 sqft 3 2 20 5 5 7