Clear Title Agency of Arizona

Flagstaff, AZ

Single-Family Homes

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Flagstaff, AZ

Fri Dec 01 2023
This week the median list price for Flagstaff, AZ is $975,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 155. 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 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.

Flagstaff, AZ

Fri Dec 01 2023
This week the median list price for Flagstaff, AZ is $975,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 155. 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 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 Flagstaff market.
Median List Price $975,000
Median Price of New Listings $975,000
Per Square Foot $381
Average Days on Market 110
Median Days on Market 63
Price Decreased 43%
Price Increased 1%
Relisted 2%
Inventory 155
Median Rent
Market Action 34
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
$2,499,500 4,219 1 - 2.5 acres 4 4.5 18 1 1 94
$1,200,000 2,920 1 - 2.5 acres 4 3 25 3 4 70
$785,000 2,343 0.25 - 0.5 acre 4 2.5 20 2 3 56
$600,000 1,719 8,000 - 10,000 sqft 3 2 36 2 4 56