First Integrity Title Market Report

Cave Creek, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372


Cave Creek, AZ

Mon Dec 11 2023
This week the median list price for Cave Creek, AZ is $549,495 with the market action index hovering around 34. This is less than last month's market action index of 38. Inventory has increased to 16. 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

Mon Dec 11 2023
This week the median list price for Cave Creek, AZ is $549,495 with the market action index hovering around 34. This is less than last month's market action index of 38. Inventory has increased to 16. 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 $549,495
Median Price of New Listings $535,900
Per Square Foot $316
Average Days on Market 71
Median Days on Market 49
Price Decreased 31%
Price Increased 0%
Relisted 6%
Inventory 16
Median Rent
Market Action 34
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
$670,990 2,074 0 - 4,500 sqft 2 2 4 0 0 42
$561,000 1,573 0 - 4,500 sqft 2 2 11 0 0 59
$544,500 1,779 0 - 4,500 sqft 2 2 13 2 0 52
$442,000 1,383 0 - 4,500 sqft 2 2 8 1 0 52