First Integrity Title Market Report

Queen Creek, AZ

Single-Family Homes

www.FirstIntegrityTitle.com | 303.837.9171



Queen Creek, AZ

Thu Dec 08 2022
This week the median list price for Queen Creek, AZ is $564,950 with the market action index hovering around 34. This is less than last month's market action index of 36. Inventory has decreased to 402. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Thu Dec 08 2022
This week the median list price for Queen Creek, AZ is $564,950 with the market action index hovering around 34. This is less than last month's market action index of 36. Inventory has decreased to 402. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $564,950
Median Price of New Listings $499,999
Per Square Foot $251
Average Days on Market 86
Median Days on Market 70
Price Decreased 69%
Price Increased 1%
Relisted 5%
Inventory 402
Median Rent
Market Action 34
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
$939,994 3,330 0.5 - 1 acre 4 3 10 4 12 63
$667,000 2,610 0.25 - 0.5 acre 4 3 6 5 8 56
$497,900 2,162 4,500 - 6,500 sqft 4 2.5 10 7 9 77
$419,900 1,772 4,500 - 6,500 sqft 3 2 17 4 7 91