Navi Title Agency

Gold Canyon, AZ 85118

Single-Family Homes

Here is your weekly Market Update!


Gold Canyon, AZ 85118

Fri Dec 01 2023
This week the median list price for Gold Canyon, AZ 85118 is $579,000 with the market action index hovering around 33. This is less than last month's market action index of 36. Inventory has increased to 120. Click here to stay informed with the Gold Canyon 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 off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Gold Canyon, AZ 85118

Fri Dec 01 2023
This week the median list price for Gold Canyon, AZ 85118 is $579,000 with the market action index hovering around 33. This is less than last month's market action index of 36. Inventory has increased to 120. Click here to stay informed with the Gold Canyon 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 off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Gold Canyon market.
Median List Price $579,000
Median Price of New Listings $487,000
Per Square Foot $282
Average Days on Market 106
Median Days on Market 56
Price Decreased 47%
Price Increased 3%
Relisted 6%
Inventory 120
Median Rent
Market Action 33
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,394,750 3,157 0.5 - 1 acre 3 4 4 0 1 115
$669,000 2,361 8,000 - 10,000 sqft 4 3 23 4 1 63
$499,900 1,877 6,500 - 8,000 sqft 3 2 23 2 2 45
$416,150 1,598 4,500 - 6,500 sqft 3 2 19 3 2 31