New - 9 hours on Rocket
$10,000 Closing Credit¹
Jason P Kush, Listing Office: J. P. Kush & Associates, LLC
Cave Creek Housing Market Report December 2024•Maricopa County, Arizona
Housing Prices in Cave Creek, AZ
How much do homes in Cave Creek, AZ cost?
Housing Market Conditions
Is Cave Creek, AZ a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Cave Creek is a Seller's Market
Difference Since December 2023
At the same time last year, Cave Creek was a Neutral Market.
Insight
Cave Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$815,000$343/SqFt
+$36,666
+4.7%
Based on all homes sold in the last 12 months
Insight
Homes in Cave Creek have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Cave Creek was $815,000 in December 2024, up 4.7% from last year, and the median price per square foot was $343.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Scottsdale | $799.6K | $861.2K | +7.7% |
| New River | $611.2K | $640K | +4.7% |
| Cave Creek | $778.3K | $815K | +4.7% |
| Deer Valley | $599.9K | $623.9K | +4.0% |
| Carefree | $1.0M | $1.0M | -2.3% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $285K | $392.5K | +37.7% |
| 22 Bedrooms | $547.7K | $550K | 0.4% |
| 33 Bedrooms | $700K | $714.5K | +2.1% |
| 44 Bedrooms | $849.5K | $958.2K | +12.8% |
| 55+ Bedrooms | $1.2M | $1.1M | -7.1% |
Summary: Cave Creek housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +37.7%. The home price for 2 bedroom homes increased by 0.4%. The home price for 3 bedroom homes increased by +2.1%. The home price for 4 bedroom homes increased by +12.8%. The home price for 5 bedroom homes decreased by -7.1%.
Housing supply in Cave Creek, AZ
How many homes are available in Cave Creek, AZ?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 259Last MonthDec 2024 | ||
| 2702 months agoNov 2024 | -4.1 % Change MoMNov – Dec |
Summary: The Cave Creek real estate market had 259 homes for sale in Dec 2024, a 4.1 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 46Last MonthDec 2024 | ||
| 402 months agoNov 2024 | +15.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 2 | 3 | +50.0% |
| 22 Bedrooms | 29 | 28 | -3.4% |
| 33 Bedrooms | 84 | 81 | -3.6% |
| 44 Bedrooms | 113 | 111 | -1.8% |
| 55+ Bedrooms | 42 | 36 | -14.3% |
Summary: Cave Creek housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +50.0%. The inventory for 2 bedroom homes decreased by -3.4%. The inventory for 3 bedroom homes decreased by -3.6%. The inventory for 4 bedroom homes decreased by -1.8%. The inventory for 5 bedroom homes decreased by -14.3%.
Asking Price vs. Sold Price
How much do homes in Cave Creek, AZ cost?
Over Asking Price5 Homes
At Asking Price11 Homes
Under Asking Price30 Homes
Insight
If you're buying a home in Cave Creek, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Cave Creek in December 2024, up by 15.0% month-over-month. Of the 46 sold homes, 65% were sold under asking, 24% were sold at asking, and and 11% were sold over asking.
Days on Market for Cave Creek, AZ
How long does it take to sell a home in Cave Creek, AZ?
Breakdown of Home Sale Times
Under 30 Days12 Homes
30 – 90 Days20 Homes
Over 90 Days14 Homes
Insight
Avg time on Rocket Homes in Cave Creek has remained consistent over time.
Summary: During December 2024, 46 homes were sold in Cave Creek; 26% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 79 DaysThis YearDec 2024 | ||
| 74 Days1 year agoDec 2023 | +7.0 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Cave Creek had an average listing age of 79 days in Dec 2024, up by 7.0% compared to the previous year.
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Newest Listings in Cave Creek, AZ
What homes are available in Cave Creek, AZ?
New - 9 hours on Rocket
$10,000 Closing Credit¹
Greg Kilroy, Ellen E Fankhanel, Listing Office: Keller Williams Realty Sonoran Living
New - 9 hours on Rocket
$10,000 Closing Credit¹
Jason P Kush, Listing Office: J. P. Kush & Associates, LLC
New - 1 day on Rocket
$9,322 Closing Credit¹
Dale Pavlicek, Listing Office: Coldwell Banker Realty
New - 1 day on Rocket
$10,000 Closing Credit¹
Susan DeDonatis, Listing Office: Core Values Realty
New - 1 day on Rocket
Tara L Munro, Listing Office: Realty ONE Group
New - 2 days on Rocket
$10,000 Closing Credit¹
Robert Dominguez, Listing Office: My Home Group Real Estate
New - 2 days on RocketBackup offers
$6,234 Closing Credit¹
Robert Kerry Risvold, Stacy Lynn Hinke, Listing Office: Realty ONE Group
New - 2 days on RocketVideo tour
$10,000 Closing Credit¹
Christine L. McLaren, Listing Office: Century 21 Arizona Foothills
New - 3 days on Rocket
$10,000 Closing Credit¹
Stephanie A. Brewer, Nicole Rimsza, Listing Office: HomeSmart
New - 3 days on Rocket
$10,000 Closing Credit¹
Kaylee Smith, Terri Ellen Luck, Listing Office: KLMR Sales
New - 4 days on Rocket
$7,719 Closing Credit¹
Jennifer Kovach, Listing Office: HomeSmart
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MLS Disclaimers and Copyright
Based on information from Arizona Regional MLS, for the period 01/01/2023 - 01/01/2025
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.