Your Localized Market Report

Queen Creek, AZ

Single-Family Homes

Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com



Queen Creek, AZ

Wed Apr 24 2024
This week the median list price for Queen Creek, AZ is $698,497 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has increased to 408. 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 has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Queen Creek, AZ

Wed Apr 24 2024
This week the median list price for Queen Creek, AZ is $698,497 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has increased to 408. 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 has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 Queen Creek market.
Median List Price $698,497
Median Price of New Listings $649,900
Per Square Foot $272
Average Days on Market 71
Median Days on Market 35
Price Decreased 53%
Price Increased 13%
Relisted 9%
Inventory 408
Median Rent
Market Action 36
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change 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
$1,212,500 3,625 0.25 - 0.5 acre 4 4 5 7 8 49
$782,750 2,950 8,000 - 10,000 sqft 4 3 2 4 5 35
$639,999 2,508 6,500 - 8,000 sqft 4 3 2 13 11 35
$535,000 1,988 4,500 - 6,500 sqft 3 2 4 15 12 28