First Integrity Title Market Report

Cave Creek, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372



Cave Creek, AZ

Fri Apr 12 2024
This week the median list price for Cave Creek, AZ is $545,000 with the market action index hovering around 36. This is an increase over last month's market action index of 34. Inventory has decreased to 18. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Cave Creek, AZ

Fri Apr 12 2024
This week the median list price for Cave Creek, AZ is $545,000 with the market action index hovering around 36. This is an increase over last month's market action index of 34. Inventory has decreased to 18. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $545,000
Median Price of New Listings $540,000
Per Square Foot $327
Average Days on Market 70
Median Days on Market 63
Price Decreased 39%
Price Increased 0%
Relisted 11%
Inventory 18
Median Rent
Market Action 36
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
$655,490 2,032 0 - 4,500 sqft 2 2 5 0 0 73
$612,999 1,923 0 - 4,500 sqft 2 2 8 0 0 56
$535,000 1,702 0 - 4,500 sqft 2 2 9 3 2 42
$389,000 1,056 0 - 4,500 sqft 2 2 25 0 1 49