Your Localized Market Report

Cave Creek, AZ 85331

Single-Family Homes

Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com



Cave Creek, AZ 85331

Thu Mar 28 2024
This week the median list price for Cave Creek, AZ 85331 is $1,295,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has increased to 182. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Cave Creek, AZ 85331

Thu Mar 28 2024
This week the median list price for Cave Creek, AZ 85331 is $1,295,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has increased to 182. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $1,295,000
Median Price of New Listings $930,000
Per Square Foot $423
Average Days on Market 102
Median Days on Market 56
Price Decreased 45%
Price Increased 5%
Relisted 6%
Inventory 182
Median Rent
Market Action 33
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$2,500,000 4,503 2.5 - 5 acres 4 5 14 1 1 70
$1,500,000 3,560 1 - 2.5 acres 4 4 20 6 1 56
$1,098,500 2,905 0.25 - 0.5 acre 4 3 21 5 3 70
$771,500 2,134 8,000 - 10,000 sqft 3 3 25 13 6 42