Single-Family Homes
Sat Jul 27 2024
This week the median list price for Clarkdale, AZ 86324 is $549,900 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has decreased to 17.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Median List Price | $549,900 | |
Median Price of New Listings | $665,000 | |
Per Square Foot | $295 | |
Average Days on Market | 84 | |
Median Days on Market | 49 | |
Price Decreased | 41% | |
Price Increased | 6% | |
Relisted | 0% | |
Inventory | 17 | |
Median Rent | ||
Market Action | 40 | |
Slight Seller's Advantage |
The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$819,500 | 2,842 | 1 - 2.5 acres | 3 | 2.8 | 24 | 2 | 0 | 10 |
$587,000 | 2,041 | 8,000 - 10,000 sqft | 3 | 2 | 2 | 1 | 0 | 147 |
$524,500 | 1,825 | 4,500 - 6,500 sqft | 3 | 2 | 2 | 0 | 0 | 94 |
$475,000 | 1,668 | 8,000 - 10,000 sqft | 3 | 2 | 35 | 0 | 1 | 28 |