Arizona's Most Current Market Reports

Queen Creek, AZ

Single-Family Homes

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Queen Creek, AZ

Sun Aug 01 2021
This week the median list price for Queen Creek, AZ is $629,450 with the market action index hovering around 80. This is less than last month's market action index of 83. Inventory has increased to 144. 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.

Strong Seller's Market

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

Sun Aug 01 2021
This week the median list price for Queen Creek, AZ is $629,450 with the market action index hovering around 80. This is less than last month's market action index of 83. Inventory has increased to 144. 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.

Strong Seller's Market

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 $629,450
Median Price of New Listings $560,000
Per Square Foot $251
Average Days on Market 50
Median Days on Market 21
Price Decreased 28%
Price Increased 12%
Relisted 7%
Inventory 144
Median Rent $1,975
Market Action 80
Strong Seller's Market

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
$1,097,000 4,018 1 - 2.5 acres 5 3 14 7 10 21
$698,999 2,733 0.25 - 0.5 acre 4 3 3 4 7 42
$575,000 2,335 8,000 - 10,000 sqft 4 2 2 18 4 10
$449,950 1,830 4,500 - 6,500 sqft 3 2 14 16 18 7