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Queen Creek, AZ 85142

Single-Family Homes

Here is your weekly Market Update!



Queen Creek, AZ 85142

Mon Jun 24 2024
This week the median list price for Queen Creek, AZ 85142 is $725,000 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has decreased to 358. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Queen Creek, AZ 85142

Mon Jun 24 2024
This week the median list price for Queen Creek, AZ 85142 is $725,000 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has decreased to 358. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Queen Creek market.
Median List Price $725,000
Median Price of New Listings $825,000
Per Square Foot $267
Average Days on Market 72
Median Days on Market 49
Price Decreased 62%
Price Increased 10%
Relisted 4%
Inventory 358
Median Rent
Market Action 35
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$1,298,000 3,675 0.5 - 1 acre 4 4 5 7 6 49
$810,530 3,124 8,000 - 10,000 sqft 4 3 2 4 10 49
$669,900 2,620 6,500 - 8,000 sqft 4 3 2 2 4 49
$559,995 2,250 6,500 - 8,000 sqft 4 3 3 6 14 42