Clear Title Agency of Arizona

Flagstaff, AZ

Single-Family Homes

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Flagstaff, AZ

Wed Jun 16 2021
This week the median list price for Flagstaff, AZ is $699,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has increased to 180. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Flagstaff, AZ

Wed Jun 16 2021
This week the median list price for Flagstaff, AZ is $699,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has increased to 180. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Flagstaff market.
Median List Price $699,000
Median Price of New Listings $625,000
Per Square Foot $314
Average Days on Market 48
Median Days on Market 28
Price Decreased 16%
Price Increased 5%
Relisted 1%
Inventory 180
Median Rent $2,175
Market Action 42
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,475,000 3,600 0.5 - 1 acre 4 3 17 5 5 35
$825,000 2,645 0.25 - 0.5 acre 4 3 20 7 9 28
$611,500 2,129 0.25 - 0.5 acre 4 2 28 11 7 14
$470,000 1,564 8,000 - 10,000 sqft 3 2 37 8 8 21