Pango Group

Queen Creek, AZ

Single-Family Homes

www.pangogroup.com



Queen Creek, AZ

Sun Mar 03 2024
This week the median list price for Queen Creek, AZ is $734,490 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 254. Click here to stay informed with the Queen Creek market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

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.

Queen Creek, AZ

Sun Mar 03 2024
This week the median list price for Queen Creek, AZ is $734,490 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 254. Click here to stay informed with the Queen Creek market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

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 Queen Creek market.
Median List Price $734,490
Median Price of New Listings $629,000
Per Square Foot $290
Average Days on Market 85
Median Days on Market 49
Price Decreased 43%
Price Increased 9%
Relisted 8%
Inventory 254
Median Rent
Market Action 39
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
$1,295,000 3,625 0.25 - 0.5 acre 4 4 6 6 3 42
$799,000 2,928 8,000 - 10,000 sqft 4 3 8 6 3 49
$660,999 2,441 6,500 - 8,000 sqft 4 3 3 6 4 94
$549,995 1,991 4,500 - 6,500 sqft 3 2.5 6 13 9 35