Your Localized Market Report

Queen Creek, AZ

Single-Family Homes

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Queen Creek, AZ

Mon Feb 06 2023
This week the median list price for Queen Creek, AZ is $599,999 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has decreased to 330. 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

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.

Queen Creek, AZ

Mon Feb 06 2023
This week the median list price for Queen Creek, AZ is $599,999 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has decreased to 330. 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

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.

Real-Time Market Profile

Never miss important changes in the Queen Creek market.
Median List Price $599,999
Median Price of New Listings $598,000
Per Square Foot $253
Average Days on Market 101
Median Days on Market 81
Price Decreased 63%
Price Increased 4%
Relisted 9%
Inventory 330
Median Rent
Market Action 36
Slight Seller's Advantage

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
$1,024,949 3,506 0.5 - 1 acre 4 3.5 10 7 11 87
$689,899 2,617 0.25 - 0.5 acre 4 3 8 8 12 70
$499,900 2,244 6,500 - 8,000 sqft 4 2.5 7 9 12 70
$410,000 1,722 4,500 - 6,500 sqft 3 2 18 9 11 105