Clear Title Agency of Arizona

Flagstaff, AZ 86004

Condos/Townhomes

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Flagstaff, AZ 86004

Sat Jul 27 2024
This week the median list price for Flagstaff, AZ 86004 is $570,000 with the market action index hovering around 53. This is less than last month's market action index of 58. Inventory has decreased to 16. 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.

Strong Seller's Market

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.

Flagstaff, AZ 86004

Sat Jul 27 2024
This week the median list price for Flagstaff, AZ 86004 is $570,000 with the market action index hovering around 53. This is less than last month's market action index of 58. Inventory has decreased to 16. 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.

Strong Seller's Market

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 Flagstaff market.
Median List Price $570,000
Median Price of New Listings $487,000
Per Square Foot $349
Average Days on Market 56
Median Days on Market 35
Price Decreased 63%
Price Increased 6%
Relisted 0%
Inventory 16
Median Rent
Market Action 53
Strong Seller's Market

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
$783,450 2,565 0 - 4,500 sqft 4 3.5 13 0 1 126
$612,000 1,780 0 - 4,500 sqft 2 2.5 40 0 0 35
$554,500 1,479 0 - 4,500 sqft 3 2.5 27 1 0 21
$392,000 1,084 0 - 4,500 sqft 2 1 36 1 1 31