First Integrity Title Market Report

Cave Creek, AZ

Single-Family Homes

www.FirstIntegrityTitle.com | 303.837.9171



Cave Creek, AZ

Thu Dec 08 2022
This week the median list price for Cave Creek, AZ is $989,000 with the market action index hovering around 35. This is less than last month's market action index of 38. Inventory has decreased to 131. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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.

Cave Creek, AZ

Thu Dec 08 2022
This week the median list price for Cave Creek, AZ is $989,000 with the market action index hovering around 35. This is less than last month's market action index of 38. Inventory has decreased to 131. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 Cave Creek market.
Median List Price $989,000
Median Price of New Listings $815,000
Per Square Foot $366
Average Days on Market 89
Median Days on Market 70
Price Decreased 56%
Price Increased 2%
Relisted 6%
Inventory 131
Median Rent
Market Action 35
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$2,097,000 4,108 1 - 2.5 acres 4 3.5 13 2 1 101
$1,190,000 3,036 1 - 2.5 acres 4 3 23 2 2 63
$815,000 2,433 8,000 - 10,000 sqft 4 2.5 24 4 2 70
$615,000 1,943 6,500 - 8,000 sqft 3 2.5 25 3 0 49