Clear Title Agency of Arizona
Flagstaff, AZ 86004
Condos/Townhomes
Where Quality Finds a Home |cleartitleaz.com | 480.278.8484
Flagstaff, AZ 86004
Tue Sep 28 2021
This week the median list price for Flagstaff, AZ 86004 is $397,000 with the market action index hovering around 56. This is an increase over last month's market action index of 55. Inventory has decreased to 16.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $397,000 | |
| Median Price of New Listings | $339,000 | |
| Per Square Foot | $272 | |
| Average Days on Market | 27 | |
| Median Days on Market | 21 | |
| Price Decreased | 6% | |
| Price Increased | 0% | |
| Relisted | 6% | |
| Inventory | 16 | |
| Median Rent | $1,440 | |
| Market Action | 56 | |
| Strong Seller's Market | ||
While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $511,950 | 1,842 | 0 - 4,500 sqft | 3 | 2 | 38 | 0 | 2 | 21 |
| $450,000 | 1,426 | 0 - 4,500 sqft | 3 | 2 | 20 | 0 | 1 | 28 |
| $356,500 | 1,409 | 0 - 4,500 sqft | 2 | 2 | 34 | 2 | 0 | 7 |
| $311,950 | 1,215 | 0 - 4,500 sqft | 2 | 2 | 23 | 1 | 0 | 31 |