First Integrity Title Market Report

Cave Creek, AZ

Single-Family Homes

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Cave Creek, AZ

Mon Dec 04 2023
This week the median list price for Cave Creek, AZ is $1,224,500 with the market action index hovering around 34. This is less than last month's market action index of 37. Inventory has held steady at or around 128. 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.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Cave Creek, AZ

Mon Dec 04 2023
This week the median list price for Cave Creek, AZ is $1,224,500 with the market action index hovering around 34. This is less than last month's market action index of 37. Inventory has held steady at or around 128. 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.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $1,224,500
Median Price of New Listings $1,429,000
Per Square Foot $425
Average Days on Market 111
Median Days on Market 63
Price Decreased 52%
Price Increased 3%
Relisted 6%
Inventory 128
Median Rent
Market Action 34
Slight Seller's Advantage

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$2,495,000 4,044 2.5 - 5 acres 4 5 15 0 2 56
$1,497,500 3,162 1 - 2.5 acres 4 3 16 2 5 66
$1,035,957 2,654 0.25 - 0.5 acre 4 3 23 0 4 73
$704,000 2,120 6,500 - 8,000 sqft 3 3 24 1 2 59