Is Cave Creek, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cave Creek has remained a Seller's Market.
Housing Prices in Cave Creek, AZ
How much do homes in Cave Creek, AZ cost?
Median Sold Price
$805,400
$345/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cave Creek was $805,400 in April 2024, up 1% from last year, and the median price per square foot was $345.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $282.4K | -0.9% |
2 Bedrooms | $557K | $560.9K | +0.7% |
3 Bedrooms | $686.3K | $736K | +7.2% |
4 Bedrooms | $900K | $929.5K | +3.3% |
5+ Bedrooms | $1.1M | $1.3M | +13.0% |
Summary: Cave Creek housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
Deer Valley | $600.6K | $615.8K | +2.5% |
Scottsdale | $810.4K | $823.4K | +1.6% |
Cave Creek | $797.4K | $805.4K | +1.0% |
New River | $644.5K | $624.5K | -3.1% |
Carefree | $1.2M | $1.0M | -20.8% |
Housing Supply in Cave Creek, AZ
How many homes are available in Cave Creek, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
285 | 295 | +3.5% |
Summary: The Cave Creek real estate market had 295 homes for sale in April 2024, a 3.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 33 | 34 | +3.0% |
3 Bedrooms | 95 | 101 | +6.3% |
4 Bedrooms | 107 | 109 | +1.9% |
5+ Bedrooms | 48 | 47 | -2.1% |
Summary: The Cave Creek housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 2.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 52 | +4.0% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Cave Creek in April 2024, up by 4.0% month-over-month. Of the 52 sold homes, 75% were sold under asking, 23% were sold at asking, and 2% were sold over asking.
Days on Market for Cave Creek, AZ
How long does it take to sell a home in Cave Creek, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 89 Days | +37.0% |
Summary: Homes in Cave Creek had an average of 89 days on market in Apr 2024, up by 37% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 52 homes were sold in Cave Creek; 31% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.