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October 2021 Market Update Report

Single-Family Homes in Flagstaff, AZ

The median list price for homes in Flagstaff, AZ has remained steady at $800,000. The market action index for the week is 48. There is a decrease in inventory to 71.

Market Action Index

Comparing rates of sales versus inventory, answers that question, “How’s the market?”

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Median List Price


The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Every segment below represents around 25% of the market ordered by price.

Median PriceSq. Ft.Lot SizeBedsBathAgeNewAbsorbedDOM
$2,450,0004,7851 – 2.5 acres54151142
$1,157,0003,2342.5 – 5 acres43241652
$687,4252,1280.25 – 0.5 acre42262621
$404,5001,4230.25 – 0.5 acre2432331

Wednesday, October 13, 2021
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