Lawyers Title Market Report

Maricopa, AZ

Single-Family Homes

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Maricopa, AZ

Mon Jun 21 2021
This week the median list price for Maricopa, AZ is $371,990 with the market action index hovering around 70. This is less than last month's market action index of 72. Inventory has increased to 149. Click here to stay informed with the Maricopa market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Maricopa, AZ

Mon Jun 21 2021
This week the median list price for Maricopa, AZ is $371,990 with the market action index hovering around 70. This is less than last month's market action index of 72. Inventory has increased to 149. Click here to stay informed with the Maricopa market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Maricopa market.
Median List Price $371,990
Median Price of New Listings $357,890
Per Square Foot $177
Average Days on Market 24
Median Days on Market 21
Price Decreased 11%
Price Increased 12%
Relisted 1%
Inventory 149
Median Rent $1,849
Market Action 70
Strong Seller's Market

Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$457,300 2,701 8,000 - 10,000 sqft 4 3 14 7 10 21
$395,000 2,258 6,500 - 8,000 sqft 4 3 14 9 7 21
$354,999 1,921 6,500 - 8,000 sqft 3 2 15 12 10 14
$310,810 1,630 4,500 - 6,500 sqft 3 2 14 14 13 7