Editor’s Note
At Arizona Ascent, we are dedicated to empowering, educating, and activating our community. Through our comprehensive coverage, we aim to shed light on the interconnected realms of real estate, jobs, and prosperity, recognizing their pivotal role in shaping our collective future.
We understand the importance of staying ahead in the ever-evolving housing market, so our analysis is tailored to each city, offering insights as unique as the neighborhoods they represent.
Whether you're a seasoned investor looking for the next big opportunity or a prospective homeowner searching for your dream property, our city-specific analytics are designed to empower you to make informed decisions about your next real estate venture.
With our report in hand, you'll have the strategic advantage needed to navigate the complexities of the housing market withconfidence.
I invite you to seize this opportunity to elevate your real estate game. Download your copy now and embark on a journey towards unparalleled success in the housing market.
JakiUnderwood
Editor-in-Chief
MAY 2024 | ISSUE 02
PAGE1|EDITOR’SNOTE
The median list price for is $1,180,638 with the market action index hovering around 33. This is less than last month’s market action index of 34. Inventory has held steady at or around 182.
REAL-TIMEMARKETPROFILE
MarketSegments
MEDIAN LIST PRICE: $1,180,638 MEDIAN PRICE OF NEW LISTINGS: $802,000 PER SQUARE FOOT: $394 AVERAGE DAYS ON MARKET: 104 MEDIAN DAYS ON MARKET: 67 PRICE DECREASED: 51% PRICE INCREASED: 4% RELISTED: 9% INVENTORY: 182 MEDIAN RENT: $4,688 MARKET ACTION: 33 MEDIAN PRICE SQ FOOT LOT SIZE BEDS BATH $2,300,000 4,176 2.5-5 4 5 $1,415,000 3,488 1-2.5 4 3 $989,950 2,776 8,000 -10,000 4 3 $699,450 2,168 6,000-8,000 3 2.5
This week the median list price for Chandler is $624, 750 with the market action index hovering around 56. This is an increase over last month’s action index of 54, and the inventory has held steady at 320.
MarketSegments
MEDIAN LIST PRICE: $624,750 MEDIAN PRICE OF NEW LISTINGS: $617,250 PER SQUARE FOOT: $298 AVERAGE DAYS ON MARKET: 52 MEDIAN DAYS ON MARKET: 28 PRICE DECREASED: 50% PRICE INCREASED: 2% RELISTED: 5% INVENTORY: 320 MEDIAN RENT: $2,500 MARKET ACTION: 56 REAL-TIMEMARKETPROFILE MEDIAN PRICE SQ FOOT LOT SIZE BEDS BATH $1,095,000 3,811 0.25-5 5 4 $709,995 2,601 8,000-10,0000 4 3 $585,000 2,031 6,500-8,000 3 2 $449,999 1,451 6,000-8,000 3 2
This week the median list price for Fountain Hills is $1,150,000 with the market action index hovering around 39.. This is an increase over last month’s action index of 37, and the inventory has decrease to 107.
MarketSegments
MEDIAN LIST PRICE: $1,150,000 MEDIAN PRICE OF NEW LISTINGS: $1,100,000 PER SQUARE FOOT: $426 AVERAGE DAYS ON MARKET: 97 MEDIAN DAYS ON MARKET: 56 PRICE DECREASED: 52% PRICE INCREASED: 4% RELISTED: 10% INVENTORY: 107 MEDIAN RENT: $4,500 MARKET ACTION: 39 REAL-TIME
MEDIAN PRICE SQ FOOT LOT SIZE BEDS BATH $2,999,499 4,538 0.5-1 4 5 $1,700,000 3,334 0.5-1 4 4 $899,990 2,736 0.25-0.5 3 3 $675,000 1,913 0.25-0.5 3 2
MARKETPROFILE
This week the median list price for Fountain Hills is $720,800 with the market action index hovering around 52. This is about the same as last month’s market action index of 52, and the inventory has increased to 389.
MarketSegments
MEDIAN LIST PRICE: $720,800 MEDIAN PRICE OF NEW LISTINGS: $687,000 PER SQUARE FOOT: $295 AVERAGE DAYS ON MARKET: 50 MEDIAN DAYS ON MARKET: 28 PRICE DECREASED: 48% PRICE INCREASED: 3% RELISTED: 4% INVENTORY: 389 MEDIAN RENT: $2,573 MARKET ACTION: 52 REAL-TIMEMARKETPROFILE MEDIAN PRICE SQ FOOT LOT SIZE BEDS BATH $ 1,540,000 4,119 0.25-0.5 5 5 $ 825,000 3,048 8,000-10,000 4 3 $625,000 2,282 6,500-8,000 3 3 $519,250 1,691 4,500-6,500 3 2
This week the median list price for is $500,000 with the market action index hovering around 52. This is less than last month’s market action index of 53, and the inventory has increased to 370.
MarketSegments
MEDIAN LIST PRICE: $500,000 MEDIAN PRICE OF NEW LISTINGS: $474,999 PER SQUARE FOOT: $259 AVERAGE DAYS ON MARKET: 62 MEDIAN DAYS ON MARKET: 35 PRICE DECREASED: 51% PRICE INCREASED: 7% RELISTED: 6% INVENTORY: 370 MEDIAN RENT: $2,395 MARKET ACTION: 52 REAL-TIMEMARKETPROFILE MEDIAN PRICE SQ FOOT LOT SIZE BEDS BATH $896,720 3,103 0.25-0.5 4 3 $559,950 2,346 6,500-8,000 4 3 $469,900 1,918 6,500-8,000 3 2 $399,900 1,480 6,500 -8,000 3 2
This week the median list price for is $549,945 with the market action index hovering around 38. This is an increase over last month’s market action index of 37, and the inventory has held steady at or around 418.
MarketSegments
MEDIAN LIST PRICE: $549,945 MEDIAN PRICE OF NEW LISTINGS: $509,990 PER SQUARE FOOT: $243 AVERAGE DAYS ON MARKET: 75 MEDIAN DAYS ON MARKET: 42 PRICE DECREASED: 51% PRICE INCREASED: 6% RELISTED: 7% INVENTORY: 418 MEDIAN RENT: $2,395 MARKET ACTION: 38 REAL-TIMEMARKETPROFILE MEDIAN PRICE SQ FOOT LOT SIZE BEDS BATH $799,999 2,969 0.25-0.5 4 3 $599,999 2,563 8,000-10,000 3 3 $499,995 2,185 6,500-8,000 3 3 $425,000 1,777 4,500-6,500 3 2
This week the median list price for is $6,322,500 with the market action index hovering around 29. This is an increase over last month’s market action index of 28, and the inventory has decreased 192.
MarketSegments
MEDIAN LIST PRICE: $6,322,500 MEDIAN PRICE OF NEW LISTINGS: $6,897,500 PER SQUARE FOOT: $978 AVERAGE DAYS ON MARKET: 130 MEDIAN DAYS ON MARKET: 84 PRICE DECREASED: 40% PRICE INCREASED: 1% RELISTED: 5% INVENTORY: 192 MEDIAN RENT: $13,250 MARKET ACTION: 29 REAL-TIME
MEDIAN PRICE SQ FOOT LOT SIZE BEDS BATH $12,999,999 8,320 1-2.5 5 7 $7,637,500 7,205 1-2.5 5 6 $5,072,500 6,276 1-2.5 4 5.8 $3,487,500 4,368 0.5-1 4 4
MARKETPROFILE
This week the median list price for is $579,000 with the market action index hovering around 52. This is an increase over last month’s market action index of 51 and the inventory has steady around 697.
MarketSegments
MEDIAN LIST PRICE: $579,000 MEDIAN PRICE OF NEW LISTINGS: $527,499 PER SQUARE FOOT: $278 AVERAGE DAYS ON MARKET: 53 MEDIAN DAYS ON MARKET: 35 PRICE DECREASED: 48% PRICE INCREASED: 6% RELISTED: 5% INVENTORY: 697 MEDIAN RENT: $2,395 MARKET ACTION: 52 REAL-TIMEMARKETPROFILE MEDIAN PRICE SQ FOOT LOT SIZE BEDS BATH $944,450 3,453 0.25-0.5 5 4 $650,000 2,379 6,500-8,000 4 3 $501,398 1,835 6,500-8,000 3 2 $375,000 1,365 6,500-8,000 2 2
This week the median list price for is $615,000 with the market action index hovering around 44. This is about the same as last month’s market action index of 44, and the inventory has steady around 455.
MarketSegments
MEDIAN LIST PRICE: $615,000 MEDIAN PRICE OF NEW LISTINGS: $586,495 PER SQUARE FOOT: $280 AVERAGE DAYS ON MARKET: 63 MEDIAN DAYS ON MARKET: 35 PRICE DECREASED: 49% PRICE INCREASED: 7% RELISTED: 6% INVENTORY: 455 MEDIAN RENT: $2,495 MARKET ACTION: 44 REAL-TIMEMARKETPROFILE MEDIAN PRICE SQ FOOT LOT SIZE BEDS BATH $999,500 3,162 0.25-0.5 4 3 $689,000 2,401 6,500-8,000 3 3 $544,450 2,038 6,500-8,000 3 2 $431,950 1,644 4,500-6,500 3 2
This week the median list price for is $599,000 with the market action index hovering around 48. This is an increase over last month’s market action index of 47, and the inventory has increased to 1,753.
MarketSegments
MEDIAN LIST PRICE: $599,000 MEDIAN PRICE OF NEW LISTINGS: $537,000 PER SQUARE FOOT: $314 AVERAGE DAYS ON MARKET: 66 MEDIAN DAYS ON MARKET: 35 PRICE DECREASED: 50% PRICE INCREASED: 3% RELISTED: 6% INVENTORY: 1,753 MEDIAN RENT: $2,485 MARKET ACTION: 48 REAL-TIMEMARKETPROFILE MEDIAN PRICE SQ FOOT LOT SIZE BEDS BATH $1,375,000 3,300 0.25-0.5 4 4 $727,000 2,251 6,500-8,000 4 3 $515,000 1,789 6,500-8,000 3 2 $389,000 1,390 6,500-8,000 3 2
This week the median list price for is $1,575,000 with the market action index hovering around 37. This is about the same as last month’s market action index of 37, and the inventory has increased to 1,280.
MarketSegments
MEDIAN LIST PRICE: $1,575,000 MEDIAN PRICE OF NEW LISTINGS: $1,185,000 PER SQUARE FOOT: $508 AVERAGE DAYS ON MARKET: 95 MEDIAN DAYS ON MARKET: 56 PRICE DECREASED: 51% PRICE INCREASED: 4% RELISTED: 6% INVENTORY: 1,280 MEDIAN RENT: $4,500 MARKET ACTION: 37 REAL-TIME
MEDIAN PRICE SQ FOOT LOT SIZE BEDS BATH $4,359,500 5,692 1-2.5 5 5.5 $2,099,950 3,781 0.5-1 4 4 $1,200,000 2,734 8,000-10,000 4 3 $787,400 1,908 6,500-8,000 3 2
MARKETPROFILE
This week the median list price for is $484,997 with the market action index hovering around 39. This is about the same as last month’s market action index of 39, and the inventory has increased to 788.
MarketSegments
MEDIAN LIST PRICE: $484,997 MEDIAN PRICE OF NEW LISTINGS: $460,000 PER SQUARE FOOT: $241 AVERAGE DAYS ON MARKET: 65 MEDIAN DAYS ON MARKET: 35 PRICE DECREASED: 49% PRICE INCREASED: 14% RELISTED: 5% INVENTORY: 788 MEDIAN RENT: $2,243 MARKET ACTION: 39 REAL-TIMEMARKETPROFILE MEDIAN PRICE SQ FOOT LOT SIZE BEDS BATH $662,900 2,698 8,000-10,000 4 3 $525,000 2,298 6,500-8,000 3 3 $450,000 1,960 6,500-8,000 3 2 $390,000 1,528 4,500-6,500 3 2
This week the median list price for is $595,000 with the market action index hovering around 51. This is less than last month’s market action index of 52, and the inventory has increased to 121.
MarketSegments
MEDIAN LIST PRICE: $595,000 MEDIAN PRICE OF NEW LISTINGS: $607,500 PER SQUARE FOOT: $328 AVERAGE DAYS ON MARKET: 61 MEDIAN DAYS ON MARKET: 28 PRICE DECREASED: 50% PRICE INCREASED: 0% RELISTED: 2% INVENTORY: 121 MEDIAN RENT: $3,100 MARKET ACTION: 51 REAL-TIMEMARKETPROFILE MEDIAN PRICE SQ FOOT LOT SIZE BEDS BATH $899,500 2,887 0.25-0.5 4 3 $649,000 1,988 8,000-10,000 4 2 $564,500 1,695 6,500-8,000 3 2 $475,000 1,396 6,500-8,000 3 2
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