First Arizona Title's Market Report

Maricopa, AZ

Single-Family Homes

First Arizona Title Agency | (480) 385-6500 | www.FirstAZTitle.com


Maricopa, AZ

Sun Aug 01 2021
This week the median list price for Maricopa, AZ is $389,945 with the market action index hovering around 66. This is less than last month's market action index of 67. Inventory has increased to 184. Click here to stay informed with the Maricopa market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Maricopa, AZ

Sun Aug 01 2021
This week the median list price for Maricopa, AZ is $389,945 with the market action index hovering around 66. This is less than last month's market action index of 67. Inventory has increased to 184. Click here to stay informed with the Maricopa market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Maricopa market.
Median List Price $389,945
Median Price of New Listings $406,990
Per Square Foot $183
Average Days on Market 25
Median Days on Market 14
Price Decreased 19%
Price Increased 10%
Relisted 3%
Inventory 184
Median Rent $1,860
Market Action 66
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
$477,000 2,638 6,500 - 8,000 sqft 4 3 13 19 4 7
$409,950 2,574 6,500 - 8,000 sqft 4 3 9 7 13 14
$359,450 1,963 4,500 - 6,500 sqft 4 2 12 12 15 10
$314,950 1,504 4,500 - 6,500 sqft 3 2 15 13 13 17