Cave Creek, AZ 85331 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market indicator is the median sold price of $913,000, which represents the neighborhood's recent transaction benchmark and, given the neutral market temperature, suggests pricing is grounded in completed sales rather than elevated asking expectations.
2. Sellers are listing at a higher anchor than transactions—median listing price is $1,030,000 while recent sales center on the median sold price—this spread may indicate pricing friction between list and sale and suggests sellers should be cautious about asking-price expectations.
3. Sales velocity is slow by typical standards: the median days on market is 384, which, combined with a relatively constrained active supply in the analyzed sample, appears to indicate moderate transaction volume and elongated marketing timelines rather than immediate bidding competition.
4. Macro headwinds merit attention: price year-over-year trend is up while rent year-over-year trend is down and interest rate pressure is elevated—the combination suggests elevated interest rate pressure is a moderating influence on affordability and may temper near-term price momentum despite upward price trends.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.