Empire Title Agency's Market Report

Flagstaff, AZ 86005

Single-Family Homes

www.ewtaz.com | MarketReports@ewtaz.com | 602-749-7000


Flagstaff, AZ 86005

Sat Apr 20 2024
This week the median list price for Flagstaff, AZ 86005 is $1,215,000 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has increased to 44. Click here to stay informed with the Flagstaff 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 a Seller’s market, 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.

Flagstaff, AZ 86005

Sat Apr 20 2024
This week the median list price for Flagstaff, AZ 86005 is $1,215,000 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has increased to 44. Click here to stay informed with the Flagstaff 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 a Seller’s market, 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 Flagstaff market.
Median List Price $1,215,000
Median Price of New Listings $679,000
Per Square Foot $453
Average Days on Market 118
Median Days on Market 25
Price Decreased 25%
Price Increased 2%
Relisted 5%
Inventory 44
Median Rent
Market Action 39
Slight Seller's Advantage

Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.

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
$2,974,440 4,063 0.5 - 1 acre 4 4 15 0 0 70
$1,600,000 3,032 0.5 - 1 acre 4 3.5 25 0 1 21
$899,900 2,430 0.25 - 0.5 acre 4 2.8 21 3 2 42
$550,000 1,424 8,000 - 10,000 sqft 3 2 45 4 1 14