The First American Title Market Report

Cave Creek, AZ

Single-Family Homes

Arizona Direct Operations



Cave Creek, AZ

Mon Jul 04 2022
This week the median list price for Cave Creek, AZ is $975,000 with the market action index hovering around 53. This is less than last month's market action index of 63. Inventory has increased to 132. 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 has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Cave Creek, AZ

Mon Jul 04 2022
This week the median list price for Cave Creek, AZ is $975,000 with the market action index hovering around 53. This is less than last month's market action index of 63. Inventory has increased to 132. 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 has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Cave Creek market.
Median List Price $975,000
Median Price of New Listings $829,500
Per Square Foot $375
Average Days on Market 38
Median Days on Market 28
Price Decreased 54%
Price Increased 3%
Relisted 6%
Inventory 132
Median Rent
Market Action 53
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
$2,375,000 4,422 1 - 2.5 acres 4 4 17 2 2 42
$1,200,000 2,801 0.5 - 1 acre 4 3 11 2 5 21
$835,000 2,357 0.25 - 0.5 acre 4 2 27 8 4 21
$624,900 1,925 4,500 - 6,500 sqft 3 2 24 8 7 21