Navi Title Agency

Queen Creek, AZ 85142

Single-Family Homes

Here is your weekly Market Update!



Queen Creek, AZ 85142

Tue Jul 16 2024
This week the median list price for Queen Creek, AZ 85142 is $719,500 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 363. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Queen Creek, AZ 85142

Tue Jul 16 2024
This week the median list price for Queen Creek, AZ 85142 is $719,500 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 363. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Queen Creek market.
Median List Price $719,500
Median Price of New Listings $674,950
Per Square Foot $269
Average Days on Market 77
Median Days on Market 56
Price Decreased 62%
Price Increased 11%
Relisted 4%
Inventory 363
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
$1,284,000 3,798 0.5 - 1 acre 4 4 5 5 4 56
$795,000 3,077 8,000 - 10,000 sqft 4 3 3 6 7 56
$669,900 2,610 6,500 - 8,000 sqft 4 3 2 10 4 56
$559,900 2,260 6,500 - 8,000 sqft 4 3 3 5 7 49