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Gold Canyon, AZ 85118

Single-Family Homes

Here is your weekly Market Update!


Gold Canyon, AZ 85118

Fri Jun 02 2023
This week the median list price for Gold Canyon, AZ 85118 is $639,000 with the market action index hovering around 43. This is less than last month's market action index of 45. Inventory has decreased to 67. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Gold Canyon, AZ 85118

Fri Jun 02 2023
This week the median list price for Gold Canyon, AZ 85118 is $639,000 with the market action index hovering around 43. This is less than last month's market action index of 45. Inventory has decreased to 67. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Gold Canyon market.
Median List Price $639,000
Median Price of New Listings $729,000
Per Square Foot $282
Average Days on Market 139
Median Days on Market 56
Price Decreased 43%
Price Increased 1%
Relisted 1%
Inventory 67
Median Rent
Market Action 43
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$1,422,250 3,174 0.5 - 1 acre 4 3.5 4 0 1 126
$799,000 2,619 6,500 - 8,000 sqft 3 3 20 4 2 77
$550,000 2,000 6,500 - 8,000 sqft 3 2 20 1 3 49
$420,000 1,581 4,500 - 6,500 sqft 3 2 23 2 6 56