The First American Title Market Report

Cave Creek, AZ

Single-Family Homes

Arizona Direct Operations



Cave Creek, AZ

Mon Mar 01 2021
This week the median list price for Cave Creek, AZ is $1,200,000 with the market action index hovering around 57. This is an increase over last month's market action index of 53. Inventory has held steady at or around 47. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Cave Creek, AZ

Mon Mar 01 2021
This week the median list price for Cave Creek, AZ is $1,200,000 with the market action index hovering around 57. This is an increase over last month's market action index of 53. Inventory has held steady at or around 47. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $1,200,000
Per Square Foot $339
Days on Market 49
Price Decreased 17%
Price Increased 11%
Relisted 0%
Inventory 47
Median Rent $4,348
Most Expensive $3,995,000
Least Expensive $375,000
Market Action 57
Strong Seller's Market

Prices hit another all time high this week. Given current conditions, prices continue to march higher. 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
$2,400,000 4,473 5 - 10 acres 4 4 20 2 2 112
$1,390,000 3,307 2.5 - 5 acres 3 3 7 0 2 129
$1,156,500 3,490 1 - 2.5 acres 4 3 19 4 5 45
$597,500 2,279 0.25 - 0.5 acre 3 2 25 6 9 3