Is Cave Creek, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cave Creek is a buyer's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Cave Creek was a Seller's Market.

Key Takeaway

Cave Creek is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Cave Creek, AZ cost?

Median Sold Price

$1,050,000

$387/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$295,000(+39.1%)

Key Takeaway

Homes in Cave Creek have sold for 39.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 -$500.6K
N/A
2 $496.5K$727K
+46.4%
3 $675K$890K
+31.9%
4 $1.0M$1.4M
+41.5%
5+ $1.2M$1.8M
+48.0%

Median Sold Price Compared To Nearby Cities

Carefree
+44.5%
Cave Creek
+39.1%
New River
+27.6%
Deer Valley
+21.3%
Scottsdale
+19.0%

How many homes are available in Cave Creek, AZ?

Number of Homes For Sale

Aug 2022Sep 2022%
6367+6.3%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 11
0.0%
2 1010
0.0%
3 1517
+13.3%
4 2830
+7.1%
5+ 99
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
990.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cave Creek, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
60 Days85 Days+40.6%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Cave Creek are taking a long time to sell, it's a good idea to negotiate on homes here.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Cave Creek, AZ

Number of homes for sale in Cave Creek, AZ real estate market have reached 67. The number of listings in Cave Creek, AZ increased by 6.3% between August 2022 and September 2022. Listings spent 85 days on the market in September 2022, and had a median list price of $1,050,000 during the same period. This housing market listing prices have changed between August 2022 and September 2022: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 46.4% more expensive, prices of 3 bedrooms properties increased by 31.9%, 4 bedrooms properties became 41.5% more expensive, prices of 5 bedrooms properties increased by 48%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes have not changed, number of 3 bedrooms homes increased by 13.3%, the quantity of 4 bedrooms homes went up by 7.1%, number of 5 bedrooms homes remained the same. Cave Creek, AZ housing market in September 2022 saw over 2 listings sold above listed price, more than 3 sold at listed price and over 4 sold below.

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