Your Localized Market Report

Litchfield Park, AZ 85340

Single-Family Homes

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Litchfield Park, AZ 85340

Thu Mar 28 2024
This week the median list price for Litchfield Park, AZ 85340 is $579,990 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has increased to 168. Click here to stay informed with the Litchfield Park 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.

Litchfield Park, AZ 85340

Thu Mar 28 2024
This week the median list price for Litchfield Park, AZ 85340 is $579,990 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has increased to 168. Click here to stay informed with the Litchfield Park 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 Litchfield Park market.
Median List Price $579,990
Median Price of New Listings $592,400
Per Square Foot $238
Average Days on Market 68
Median Days on Market 35
Price Decreased 42%
Price Increased 15%
Relisted 6%
Inventory 168
Median Rent
Market Action 36
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$937,500 3,258 0.25 - 0.5 acre 4 4 17 2 2 56
$639,450 2,880 8,000 - 10,000 sqft 4 3 4 6 4 52
$542,945 2,370 6,500 - 8,000 sqft 3 3 1 5 3 14
$442,450 1,853 4,500 - 6,500 sqft 4 2 1 3 6 21