First American Title Market Report
Cave Creek, AZ
Single-Family Homes
Cave Creek, AZ
Sun Aug 23 2026
This week the median list price for Cave Creek, AZ is $1,062,500 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has decreased to 152.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
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
| Median List Price | $1,062,500 | |
| Median Price of New Listings | $894,000 | |
| Per Square Foot | $375 | |
| Average Days on Market | 126 | |
| Median Days on Market | 84 | |
| Price Decreased | 47% | |
| Price Increased | 2% | |
| Relisted | 5% | |
| Inventory | 152 | |
| Median Rent | ||
| Market Action | 35 | |
| Slight Seller's Advantage | ||
This week prices bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a change in the market.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,349,500 | 3,999 | 1 - 2.5 acres | 4 | 4 | 15 | 0 | 8 | 122 |
| $1,347,500 | 3,273 | 0.5 - 1 acre | 4 | 3 | 21 | 2 | 5 | 87 |
| $897,000 | 2,870 | 0.25 - 0.5 acre | 4 | 3 | 27 | 1 | 11 | 77 |
| $652,500 | 1,960 | 6,500 - 8,000 sqft | 3 | 2 | 28 | 3 | 5 | 63 |