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Queen Creek, AZ 85142

Single-Family Homes

Here is your weekly Market Update!



Queen Creek, AZ 85142

Mon Dec 11 2023
This week the median list price for Queen Creek, AZ 85142 is $719,900 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has decreased to 196. 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 Dec 11 2023
This week the median list price for Queen Creek, AZ 85142 is $719,900 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has decreased to 196. 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 $719,900
Median Price of New Listings $741,500
Per Square Foot $270
Average Days on Market 83
Median Days on Market 56
Price Decreased 58%
Price Increased 8%
Relisted 8%
Inventory 196
Median Rent
Market Action 38
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
$1,230,000 3,536 0.5 - 1 acre 4 4 5 8 7 49
$785,000 3,014 8,000 - 10,000 sqft 4 3 5 3 10 63
$645,000 2,569 6,500 - 8,000 sqft 4 3 4 8 10 70
$535,000 2,090 4,500 - 6,500 sqft 4 3 8 1 10 42