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September 16 Market Update Report

Single-Family Homes in Flagstaff, AZ

The median list price for homes in Flagstaff, AZ has remained steady at $699,425. The market action index for the week is 42.

Market Action Index

By comparing rates of sales versus inventory, this answers that question, “How’s the Market?”

The market is still in a relative stasis as sales to inventory remain low. This means that prices are likely to remain in the Seller’s Market zone for some time. With the inventory low, we can expect the market to continue trending upward. If it does, then prices will resume their upward climb.

Median List Price

Inventory

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
$1,550,0004,0121 – 2.5 acres44166535
$799,0002,6780.25 – 0.5 acre43299935
$585,0001,8730.25 – 0.5 acre32255628
$425,0001,3378,000 – 10,000 sqft324110728

Thursday, Sep 16 2021
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