The First American Title Market Report

Cave Creek, AZ

Single-Family Homes

Arizona Direct Operations



Cave Creek, AZ

Sat Oct 16 2021
This week the median list price for Cave Creek, AZ is $896,051 with the market action index hovering around 72. This is an increase over last month's market action index of 70. Inventory has increased to 52. Click here to stay informed with the Cave Creek market!

Market Action Index

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

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Cave Creek, AZ

Sat Oct 16 2021
This week the median list price for Cave Creek, AZ is $896,051 with the market action index hovering around 72. This is an increase over last month's market action index of 70. Inventory has increased to 52. Click here to stay informed with the Cave Creek market!

Market Action Index

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

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $896,051
Median Price of New Listings $799,999
Per Square Foot $343
Average Days on Market 103
Median Days on Market 21
Price Decreased 21%
Price Increased 6%
Relisted 8%
Inventory 52
Median Rent $6,250
Market Action 72
Strong Seller's Market

The market seems to have paused around this plateau. 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
$1,950,000 3,714 5 - 10 acres 4 3 16 2 4 21
$1,200,000 3,308 1 - 2.5 acres 4 3 18 4 4 28
$799,000 2,380 0.25 - 0.5 acre 4 2 22 1 6 28
$584,900 1,939 4,500 - 6,500 sqft 3 2 28 6 6 7