Navi Title Agency

Queen Creek, AZ 85140

Single-Family Homes

Here is your weekly Market Update!


Queen Creek, AZ 85140

Fri Apr 26 2024
This week the median list price for Queen Creek, AZ 85140 is $633,625 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has increased to 66. Click here to stay informed with the Queen Creek market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Queen Creek, AZ 85140

Fri Apr 26 2024
This week the median list price for Queen Creek, AZ 85140 is $633,625 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has increased to 66. Click here to stay informed with the Queen Creek market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Queen Creek market.
Median List Price $633,625
Median Price of New Listings $575,606
Per Square Foot $305
Average Days on Market 91
Median Days on Market 49
Price Decreased 58%
Price Increased 6%
Relisted 9%
Inventory 66
Median Rent
Market Action 37
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$847,499 2,505 6,500 - 8,000 sqft 2 3 7 1 0 105
$689,490 2,171 4,500 - 6,500 sqft 2 2.3 4 1 0 98
$575,000 2,198 4,500 - 6,500 sqft 3 2 6 2 3 49
$448,234 1,670 4,500 - 6,500 sqft 3 2.5 1 3 0 21