Empire Title Agency's Market Report

Parks, AZ 86018

Single-Family Homes

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



Parks, AZ 86018

Thu Mar 28 2024
This week the median list price for Parks, AZ 86018 is $1,067,000 with the market action index hovering around 33. This is an increase over last month's market action index of 31. Inventory has decreased to 6. Click here to stay informed with the Parks market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Parks, AZ 86018

Thu Mar 28 2024
This week the median list price for Parks, AZ 86018 is $1,067,000 with the market action index hovering around 33. This is an increase over last month's market action index of 31. Inventory has decreased to 6. Click here to stay informed with the Parks market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Parks market.
Median List Price $1,067,000
Median Price of New Listings $2,800,000
Per Square Foot $435
Average Days on Market 97
Median Days on Market 81
Price Decreased 17%
Price Increased 0%
Relisted 0%
Inventory 6
Median Rent
Market Action 33
Slight Seller's Advantage

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$2,800,000 3,774 10 - 20 acres 6 4 35 1 0 0
$2,487,750 6,350 10 - 20 acres 8 5.5 34 0 0 266
$1,067,000 2,214 5 - 10 acres 3 2 22 0 0 129
$602,000 1,554 1 - 2.5 acres 2 1.8 17 0 1 28