First Integrity Title Market Report

Queen Creek, AZ

Condos/Townhomes

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Queen Creek, AZ

Thu Dec 08 2022
This week the median list price for Queen Creek, AZ is $499,900 with the market action index hovering around 31. This is an increase over last month's market action index of 26. Inventory has decreased to 5. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Queen Creek, AZ

Thu Dec 08 2022
This week the median list price for Queen Creek, AZ is $499,900 with the market action index hovering around 31. This is an increase over last month's market action index of 26. Inventory has decreased to 5. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Queen Creek market.
Median List Price $499,900
Median Price of New Listings $0
Per Square Foot $356
Average Days on Market 85
Median Days on Market 56
Price Decreased 80%
Price Increased 0%
Relisted 0%
Inventory 5
Median Rent
Market Action 31
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$759,000 1,678 - 2 2.5 0 0 0 56
$599,000 1,678 - 2 2.5 0 0 0 56
$499,900 1,342 - 2 2 4 0 1 154
$446,500 1,332 - 2 2 4 0 0 80