First American Title Market Report

Cave Creek, AZ

Single-Family Homes



Cave Creek, AZ

Tue Mar 28 2023
This week the median list price for Cave Creek, AZ is $1,139,450 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has held steady at or around 114. 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.

Slight Seller's Advantage

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 Mar 28 2023
This week the median list price for Cave Creek, AZ is $1,139,450 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has held steady at or around 114. 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.

Slight Seller's Advantage

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 $1,139,450
Median Price of New Listings $1,000,000
Per Square Foot $384
Average Days on Market 114
Median Days on Market 77
Price Decreased 49%
Price Increased 4%
Relisted 7%
Inventory 114
Median Rent
Market Action 38
Slight Seller's Advantage

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
$2,547,500 4,472 5 - 10 acres 4 4.5 17 1 1 94
$1,425,000 3,464 1 - 2.5 acres 4 3.5 14 4 1 70
$935,000 2,604 0.5 - 1 acre 4 3 19 2 4 112
$695,000 2,214 6,500 - 8,000 sqft 4 2 26 4 4 49