The First American Title Market Report

Cave Creek, AZ

Single-Family Homes

Arizona Direct Operations



Cave Creek, AZ

Mon Jan 24 2022
This week the median list price for Cave Creek, AZ is $1,362,499 with the market action index hovering around 61. This is less than last month's market action index of 65. Inventory has increased to 46. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Cave Creek, AZ

Mon Jan 24 2022
This week the median list price for Cave Creek, AZ is $1,362,499 with the market action index hovering around 61. This is less than last month's market action index of 65. Inventory has increased to 46. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $1,362,499
Median Price of New Listings $1,137,500
Per Square Foot $367
Average Days on Market 124
Median Days on Market 42
Price Decreased 22%
Price Increased 4%
Relisted 7%
Inventory 46
Median Rent $4,998
Market Action 61
Strong Seller's Market

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$2,499,000 4,791 2.5 - 5 acres 5 4.5 17 4 1 77
$1,500,000 4,280 1 - 2.5 acres 4 3.5 16 2 1 35
$1,116,250 3,476 0.5 - 1 acre 4 3 23 4 4 28
$652,500 1,976 0.25 - 0.5 acre 3 2.3 28 4 3 38