Lawyers Title Market Report

Sun City, AZ

Single-Family Homes

Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600



Sun City, AZ

Wed Oct 24 2018
This week the median list price for Sun City, AZ is $239,995 with the market action index hovering around 50. This is less than last month's market action index of 53. Inventory has held steady at or around 225. Click here to stay informed with the Sun City market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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.

Sun City, AZ

Wed Oct 24 2018
This week the median list price for Sun City, AZ is $239,995 with the market action index hovering around 50. This is less than last month's market action index of 53. Inventory has held steady at or around 225. Click here to stay informed with the Sun City market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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 Sun City market.
Median List Price $239,995
Per Square Foot $134
Days on Market 53
Price Decreased 42%
Price Increased 5%
Relisted 4%
Inventory 225
Median House Rent $2,300
Most Expensive $595,000
Least Expensive $110,000
Market Action Index
Strong Seller's Market
50

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
$329,450 2,465 4,500 - 6,500 sqft 3 2 13 9 6 61
$255,000 1,827 8,000 - 10,000 sqft 3 2 40 9 7 55
$219,000 1,684 8,000 - 10,000 sqft 2 2 47 13 5 50
$180,000 1,342 6,500 - 8,000 sqft 2 2 48 13 11 46