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

Housing Market Conditions



Gauge showing Cave Creek is a buyer's market


Difference Since November 2022

Since last year, Cave Creek has remained a Buyer'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.

Housing Prices in Cave Creek, AZ

How much do homes in Cave Creek, AZ cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Cave Creek have sold for 8.3% less than they did a year ago.

Summary: The median home sold price in Cave Creek was $788,700 in November 2023, down 8.3% from last year, and the median price per square foot was $343.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $278K$282.4K
2 $575K$562.2K
3 $719.5K$712.5K
4 $1.0M$847K
5+ $1.5M$1.2M

Summary: Cave Creek housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes decreased by 19.4%.

Median Sold Price Compared To Nearby Cities

Deer Valley
New River
Cave Creek

Housing Supply in Cave Creek, AZ

How many homes are available in Cave Creek, AZ?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Cave Creek real estate market had 209 homes for sale in November 2023, a 1.4% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 22
2 2321
3 7479
4 7371
5+ 4036

Summary: The Cave Creek housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 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. 57.7% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Cave Creek in November 2023, down by 23.5% month-over-month. Of the 26 sold homes, 58% were sold under asking, 15% were sold at asking, and 27% 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

Nov 2022Nov 2023CHANGE
49 Days59 Days+19.1%

Summary: Homes in Cave Creek had an average of 59 days on market in Nov 2023, up by 19.1% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cave Creek has remained consistent over time.

Summary: During November 2023, 26 homes were sold in Cave Creek; 31% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.

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

Report Updated 6 Days Ago

Newest Listings in Cave Creek, AZ

Nearby Markets to Cave Creek, AZ

What housing markets are near Cave Creek, AZ?