Your Localized Market Report

Cave Creek, AZ 85331

Single-Family Homes

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Cave Creek, AZ 85331

Mon Sep 14 2026
This week the median list price for Cave Creek, AZ 85331 is $1,000,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has decreased to 159. 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 Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Cave Creek, AZ 85331

Mon Sep 14 2026
This week the median list price for Cave Creek, AZ 85331 is $1,000,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has decreased to 159. 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 Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $1,000,000
Median Price of New Listings $1,225,000
Per Square Foot $362
Average Days on Market 129
Median Days on Market 84
Price Decreased 47%
Price Increased 2%
Relisted 4%
Inventory 159
Median Rent
Market Action 35
Slight Seller's Advantage

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$2,197,500 3,994 1 - 2.5 acres 4 4 17 5 2 119
$1,297,750 3,110 0.5 - 1 acre 4 3 22 4 2 84
$869,000 2,730 8,000 - 10,000 sqft 4 3 27 4 2 77
$649,900 1,933 4,500 - 6,500 sqft 3 2 28 4 5 56