The First American Title Market Report

Cave Creek, AZ

Single-Family Homes

Arizona Direct Operations



Cave Creek, AZ

Tue May 18 2021
This week the median list price for Cave Creek, AZ is $1,100,000 with the market action index hovering around 68. This is less than last month's market action index of 69. Inventory has increased to 66. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Cave Creek, AZ

Tue May 18 2021
This week the median list price for Cave Creek, AZ is $1,100,000 with the market action index hovering around 68. This is less than last month's market action index of 69. Inventory has increased to 66. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $1,100,000
Median Price of New Listings $849,450
Per Square Foot $358
Average Days on Market 132
Median Days on Market 18
Price Decreased 15%
Price Increased 9%
Relisted 2%
Inventory 66
Median Rent $3,500
Market Action 68
Strong Seller's Market

While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$2,499,999 5,304 5 - 10 acres 4 4 20 1 1 73
$1,392,000 3,764 1 - 2.5 acres 4 3 2 5 4 21
$949,000 3,063 1 - 2.5 acres 4 3 23 6 4 14
$600,000 2,062 8,000 - 10,000 sqft 4 2 24 10 6 0