The First American Title Market Report

Litchfield Park, AZ

Single-Family Homes

Arizona Direct Operations



Litchfield Park, AZ

Tue Oct 20 2020
This week the median list price for Litchfield Park, AZ is $484,819 with the market action index hovering around 70. This is an increase over last month's market action index of 67. Inventory has held steady at or around 50. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Litchfield Park, AZ

Tue Oct 20 2020
This week the median list price for Litchfield Park, AZ is $484,819 with the market action index hovering around 70. This is an increase over last month's market action index of 67. Inventory has held steady at or around 50. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Litchfield Park market.
Median List Price $484,819
Per Square Foot $184
Days on Market 50
Price Decreased 28%
Price Increased 26%
Relisted 6%
Inventory 50
Median Rent $2,150
Most Expensive $1,800,000
Least Expensive $269,000
Market Action 70
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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 4,372 0.5 - 1 acre 4 4 12 4 1 60
$624,895 3,557 0.5 - 1 acre 4 3 15 2 5 74
$430,095 2,602 8,000 - 10,000 sqft 4 3 0 1 4 44
$325,000 1,912 0 - 4,500 sqft 4 2 0 7 7 24