Clear Title Agency of Arizona

Litchfield Park, AZ

Single-Family Homes

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Litchfield Park, AZ

Fri Jul 01 2022
This week the median list price for Litchfield Park, AZ is $725,000 with the market action index hovering around 72. This is less than last month's market action index of 80. Inventory has increased to 67. Click here to stay informed with the Litchfield Park 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.

Litchfield Park, AZ

Fri Jul 01 2022
This week the median list price for Litchfield Park, AZ is $725,000 with the market action index hovering around 72. This is less than last month's market action index of 80. Inventory has increased to 67. Click here to stay informed with the Litchfield Park 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 Litchfield Park market.
Median List Price $725,000
Median Price of New Listings $799,999
Per Square Foot $283
Average Days on Market 30
Median Days on Market 21
Price Decreased 46%
Price Increased 3%
Relisted 3%
Inventory 67
Median Rent
Market Action 72
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
$1,272,500 3,713 0.25 - 0.5 acre 4 3.5 17 4 3 21
$799,999 3,238 0.25 - 0.5 acre 4 3.5 19 2 3 21
$660,000 2,633 0.25 - 0.5 acre 4 2.5 11 3 6 42
$545,000 1,923 4,500 - 6,500 sqft 3 2 15 2 5 21