First Integrity Title Market Report

Cave Creek, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372



Cave Creek, AZ

Thu Apr 25 2024
This week the median list price for Cave Creek, AZ is $554,999 with the market action index hovering around 36. This is an increase over last month's market action index of 34. Inventory has increased 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Cave Creek, AZ

Thu Apr 25 2024
This week the median list price for Cave Creek, AZ is $554,999 with the market action index hovering around 36. This is an increase over last month's market action index of 34. Inventory has increased 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $554,999
Median Price of New Listings $985,000
Per Square Foot $332
Average Days on Market 75
Median Days on Market 70
Price Decreased 44%
Price Increased 0%
Relisted 6%
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
$701,495 2,131 0 - 4,500 sqft 2 2.5 10 1 0 84
$635,000 2,032 0 - 4,500 sqft 2 2 4 0 0 66
$532,000 1,573 0 - 4,500 sqft 2 2 9 0 0 77
$389,000 1,056 0 - 4,500 sqft 2 2 25 0 1 28