Lawyers Title Market Report

Litchfield Park, AZ 85340

Single-Family Homes

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Litchfield Park, AZ 85340

Mon Jun 21 2021
This week the median list price for Litchfield Park, AZ 85340 is $600,000 with the market action index hovering around 86. This is an increase over last month's market action index of 84. Inventory has decreased to 37. 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.

Strong Seller's Market

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Litchfield Park, AZ 85340

Mon Jun 21 2021
This week the median list price for Litchfield Park, AZ 85340 is $600,000 with the market action index hovering around 86. This is an increase over last month's market action index of 84. Inventory has decreased to 37. 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.

Strong Seller's Market

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Litchfield Park market.
Median List Price $600,000
Median Price of New Listings $550,000
Per Square Foot $232
Average Days on Market 27
Median Days on Market 21
Price Decreased 27%
Price Increased 5%
Relisted 0%
Inventory 37
Median Rent $2,200
Market Action 86
Strong Seller's Market

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$1,349,999 3,800 1 - 2.5 acres 4 3 21 2 1 56
$699,000 3,722 0.25 - 0.5 acre 5 3 18 3 4 14
$570,000 2,705 0.25 - 0.5 acre 4 2 16 5 4 14
$409,995 1,946 4,500 - 6,500 sqft 3 2 16 5 6 3