Clear Title Agency of Arizona

Flagstaff, AZ

Single-Family Homes

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Flagstaff, AZ

Wed Jul 06 2022
This week the median list price for Flagstaff, AZ is $874,850 with the market action index hovering around 55. This is less than last month's market action index of 63. Inventory has increased to 177. 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

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 Jul 06 2022
This week the median list price for Flagstaff, AZ is $874,850 with the market action index hovering around 55. This is less than last month's market action index of 63. Inventory has increased to 177. 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

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 $874,850
Median Price of New Listings $699,000
Per Square Foot $385
Average Days on Market 42
Median Days on Market 28
Price Decreased 47%
Price Increased 1%
Relisted 3%
Inventory 177
Median Rent
Market Action 55
Strong Seller's Market

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
$1,992,500 4,076 1 - 2.5 acres 4 4 19 5 3 38
$992,500 2,842 0.25 - 0.5 acre 4 3 25 4 3 31
$755,000 2,048 0.25 - 0.5 acre 3 2.3 21 11 8 21
$585,000 1,501 0.25 - 0.5 acre 3 2 39 11 6 21