The First American Title Market Report

Cave Creek, AZ

Single-Family Homes

Arizona Direct Operations



Cave Creek, AZ

Mon Oct 19 2020
This week the median list price for Cave Creek, AZ is $874,999 with the market action index hovering around 52. This is less than last month's market action index of 53. Inventory has held steady at or around 117. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Cave Creek, AZ

Mon Oct 19 2020
This week the median list price for Cave Creek, AZ is $874,999 with the market action index hovering around 52. This is less than last month's market action index of 53. Inventory has held steady at or around 117. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $874,999
Per Square Foot $265
Days on Market 148
Price Decreased 30%
Price Increased 7%
Relisted 5%
Inventory 117
Median Rent $3,250
Most Expensive $3,995,000
Least Expensive $360,000
Market Action 52
Strong Seller's Market

The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,694,000 4,368 2.5 - 5 acres 4 4 17 2 1 324
$995,000 3,738 1 - 2.5 acres 4 3 16 4 2 82
$789,500 2,929 0.5 - 1 acre 4 3 18 4 2 155
$549,500 2,352 8,000 - 10,000 sqft 4 2 22 8 8 32