First Arizona Title's Market Report

Maricopa, AZ

Single-Family Homes

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



Maricopa, AZ

Fri May 27 2022
This week the median list price for Maricopa, AZ is $450,000 with the market action index hovering around 80. This is less than last month's market action index of 82. Inventory has increased to 186. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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

Fri May 27 2022
This week the median list price for Maricopa, AZ is $450,000 with the market action index hovering around 80. This is less than last month's market action index of 82. Inventory has increased to 186. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $450,000
Median Price of New Listings $432,500
Per Square Foot $209
Average Days on Market 30
Median Days on Market 14
Price Decreased 38%
Price Increased 11%
Relisted 5%
Inventory 186
Median Rent
Market Action 80
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
$544,500 2,974 8,000 - 10,000 sqft 4 2.5 16 13 9 14
$470,450 2,326 6,500 - 8,000 sqft 4 2.5 15 9 3 28
$430,000 2,099 4,500 - 6,500 sqft 4 2.5 16 16 13 14
$385,000 1,674 4,500 - 6,500 sqft 3 2 16 18 15 14