First Arizona Title's Market Report

Maricopa, AZ

Single-Family Homes

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



Maricopa, AZ

Mon Oct 03 2022
This week the median list price for Maricopa, AZ is $390,000 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has held steady at or around 474. 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.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Maricopa, AZ

Mon Oct 03 2022
This week the median list price for Maricopa, AZ is $390,000 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has held steady at or around 474. 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.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Maricopa market.
Median List Price $390,000
Median Price of New Listings $380,000
Per Square Foot $198
Average Days on Market 66
Median Days on Market 56
Price Decreased 74%
Price Increased 2%
Relisted 6%
Inventory 474
Median Rent
Market Action 35
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$478,000 2,602 6,500 - 8,000 sqft 4 2.5 16 6 14 56
$410,000 2,164 4,500 - 6,500 sqft 4 2.5 15 10 14 45
$375,000 1,854 4,500 - 6,500 sqft 3 2 15 11 9 63
$346,000 1,528 4,500 - 6,500 sqft 3 2 16 12 12 63