Navi Title Agency

Cave Creek, AZ

Single-Family Homes

Here is your weekly Market Update!


Cave Creek, AZ

Mon Dec 11 2023
This week the median list price for Cave Creek, AZ is $1,199,000 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has decreased to 129. Click here to stay informed with the Cave Creek market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Cave Creek, AZ

Mon Dec 11 2023
This week the median list price for Cave Creek, AZ is $1,199,000 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has decreased to 129. Click here to stay informed with the Cave Creek market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $1,199,000
Median Price of New Listings $950,000
Per Square Foot $426
Average Days on Market 115
Median Days on Market 63
Price Decreased 53%
Price Increased 2%
Relisted 5%
Inventory 129
Median Rent
Market Action 33
Slight Seller's Advantage

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$2,445,000 4,025 2.5 - 5 acres 4 5 18 2 2 59
$1,460,000 3,107 1 - 2.5 acres 4 3 16 1 2 63
$1,035,957 2,602 0.25 - 0.5 acre 3 3 22 5 3 80
$699,999 2,086 6,500 - 8,000 sqft 3 3 24 3 3 56