$574,900
33231 N 43rd St
Cave Creek, AZ
3 bd2 ba1,511 sqft$380/ft²
House5,269 sqft lot
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Sarah Mitchell
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Compass Real Estate · Cave Creek, AZ
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Cave Creek, AZ(512) 555-0184TX License #0512847
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Cave Creek, AZ Housing Market
Buyer's market+1.0% YoY
Zillow, July 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, August 2026 · Refreshes weekly
The typical home in Cave Creek, AZ is worth $1.05M, rose 1.0% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $997,000, -22.8% year over year (through May 2026). With 8.6 months of supply and homes going under contract in about 86 days, Cave Creek is a buyer's market. At today's 6.66% 30-year fixed rate, 20% down on a $1.05M home is about $5,406/mo in principal and interest.
Key numbers for Cave Creek, AZ
Typical home value
$1.05M
+1.0% in 12 months
Zillow, July 2026
Typical asking rent
$2,958/mo
Zillow Observed Rent Index
Zillow, July 2026
Median sale price
$997,000
-22.8% year over year
Redfin, through May 2026
Days on market
86
Slow-moving
Redfin, through May 2026
Active listings
60
8.6 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$102,589
Home costs 10.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
97.0%
Selling below asking
Redfin, through May 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Cave Creek a buyer's or seller's market?
Buyer's market8.6 months of supply86 days on market97.0% of asking
Cave Creek, AZ is a buyer's market, based on 8.6 months of supply and homes selling in about 86 days. Above 7 months of supply is a glut: inventory is well ahead of the sales pace, and buyers can take time to inspect, compare, and negotiate concessions.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Cave Creek housing market data show?
Every row below is Redfin's final published month for Cave Creek, AZ. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $997,000 |
| Median list price | $1.38M |
| Year-over-year price change | -22.8% |
| Median price per sq ft | $393/sq ft |
| Median days on market | 86 days |
| Active inventory | 60 listings |
| Months of supply | 8.6 months |
| Sale-to-list price ratio | 97.0% |
| Homes sold (that month) | 7 |
| New listings (that month) | 10 |
| Listings with a price cut | 35.0% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Cave Creek is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Cave Creek is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Cave Creek home prices moved?
Over the last three years the median sale price in Cave Creek, AZ fell 4.1%, from $1.04M to $997,000. The live Zillow value series has rose 1.0% in the last 12 months, which is the more current read now that Redfin's series has stopped. 35.0% of Cave Creek listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 8.6 months while the sale-to-list ratio slips below its current 97.0%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Cave Creek?
Priced off the typical home value of $1.05M at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $210,309 | $841,237 | $5,406/mo |
| 5% | $52,577 | $998,968 | $6,420/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $5,406, that implies roughly $231,686 a year before you add taxes and insurance. The median household in Cave Creek earns $102,589, about $129,097 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 10.3x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Cave Creek in the next 12 months?
Tell us your timeline. We send the Cave Creek market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Cave Creek?
Typical asking rent in Cave Creek, AZ is $2,958/mo, against a typical home value of $1.05M. That is a price-to-rent ratio of 29.6x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $5,406 a month — $2,448 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, July 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Cave Creek?
Active listings in Cave Creek, AZ went from 90 in May 2025 to 60 in May 2026, a -33.3% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 71 | 7 |
| July 2025 | 56 | 10 |
| August 2025 | 62 | 23 |
| September 2025 | 61 | 14 |
| October 2025 | 76 | 27 |
| November 2025 | 71 | 10 |
| December 2025 | 71 | 14 |
| January 2026 | 76 | 24 |
| February 2026 | 68 | 12 |
| March 2026 | 68 | 14 |
| April 2026 | 71 | 16 |
| May 2026 | 60 | 10 |
Redfin, through May 2026
How does Cave Creek compare to Arizona and the U.S.?
Cave Creek homes sell for $997,000 — 120% above the Arizona median of $453,800. Against the national median of $410,700, Cave Creek runs 143% higher. Year-over-year, Cave Creek moved -22.8% against Arizona's +0.5% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Cave Creek, AZ | $997,000 | -22.8% | 86 days |
| Arizona statewide | $453,800 | +0.5% | 62 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Cave Creek
What buyers should watch
- Months of supply, currently 8.6. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 35.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $1,014 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $1.05M home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Cave Creek listing goes under contract in 86 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 97.0% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Cave Creek added 10 new listings against 7 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +1.0% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Cave Creek varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Cave Creek
There are currently 60 homes listed for sale in Cave Creek, Arizona. The median listing price is $1.4M. Featured listings range from $574,900 to $3,250,000.
$875,000
28222 N 50th Pl
Cave Creek, AZ
4 bd3 ba3,262 sqft$268/ft²
House10,019 sqft lot
View photos & details
$885,000
5913 E Bramble Berry Ln
Cave Creek, AZ
4 bd3 ba2,616 sqft$338/ft²
House7,911 sqft lot
View photos & details
$1,075,000
30609 N 47th Pl
Cave Creek, AZ
4 bd3 ba3,008 sqft$357/ft²
House25,265 sqft lot
View photos & details
$1,150,000
5911 E Peak View Rd
Cave Creek, AZ
5 bd4 ba3,475 sqft$331/ft²
House1.34 acres
View photos & details
$1,325,000
5938 E Windstone Trl
Cave Creek, AZ
6 bd5 ba4,555 sqft$291/ft²
House1.11 acres
View photos & details
$1,349,000
35414 N Palo Verde Way
Cave Creek, AZ
4 bd3 ba3,603 sqft$374/ft²
House36,155 sqft lot
View photos & details
$1,350,000
6646 E Calle De Las Estrellas Rd
Cave Creek, AZ
3 bd3 ba3,938 sqft$343/ft²
House1.36 acres
View photos & details
$1,400,000
5731 E Windstone Trl
Cave Creek, AZ
4 bd3 ba2,462 sqft$569/ft²
House1.14 acres
View photos & details
$1,430,000
6033 E Lone Mountain Rd
Cave Creek, AZ
6 bd4 ba3,738 sqft$383/ft²
House1.20 acres
View photos & details
$2,220,000
5727 E Canyon Ridge North Dr
Cave Creek, AZ
5 bd5 ba4,358 sqft$509/ft²
House1.80 acres
View photos & details
$3,250,000
6553 E Morning Star Rd Unit 2
Cave Creek, AZ
4 bd5 ba3,712 sqft$876/ft²
House4.41 acres
View photos & details
Looking to buy in Cave Creek?
Get connected with a local real estate expert — free, no obligation.
Active listings
60
Homes on market
Median list price
$1.4M
Avg. days on market
86
Days until sale
New this week
10
Newly listed
Price drops:35.0%of listings
Sale-to-list:97.0%
How much do homes cost in Cave Creek by property type?
How the Cave Creek, AZ market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.90M | $441/sq ft | 5 | 86 days |
| Condo / co-op | $545,000 | $346/sq ft | 1 | 44 days |
| Townhouse | $582,500 | $307/sq ft | 2 | 147 days |
Who lives in Cave Creek?
American Community Survey estimates for Cave Creek. U.S. Census ACS, 2023
Population
5,033
Households
2,321
Median income
$102,589/yr
Median age
60.3 years
Owner-occupied
94.6%
Median home value
$791,900
Median gross rent
$2,096/mo
Mean commute
32.5 min
94.6% of occupied homes in Cave Creek are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $791,900 against Zillow's $1.05M typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $2,096/mo, below Zillow's $2,958/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Cave Creek?
3 schools tracked · 843 students
The largest public schools serving Cave Creek, AZ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lone Mountain Elementary School
Grades PK-6 · 445 students
Desert Willow Elementary School
Grades PK-6 · 397 students
EVIT Cactus Shadows High School
Grades 10-12 · 1 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cave Creek, AZ?
Ordered by distance from Cave Creek, not by size. Compare Cave Creek side by side with any of them.
Cave Creek housing market FAQ
Is Cave Creek a buyer's or seller's market?
Cave Creek, AZ is currently a buyer's market. That read comes from 8.6 months of supply, homes going under contract in about 86 days, and sellers getting 97.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Cave Creek?
The typical home in Cave Creek, AZ is worth $1.05M (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $997,000, about $393 per square foot.
Is Cave Creek cheaper than the rest of Arizona?
Cave Creek's median sale price of $997,000 is 120% higher than the Arizona statewide median of $453,800, and 143% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Cave Creek?
Homes in Cave Creek, AZ spent a median of 86 days on market before going under contract, versus 62 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Cave Creek?
At the current 30-year fixed rate of 6.66%, 20% down on a $1.05M home is about $5,406 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $231,686 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $102,589.
Are home prices rising in Cave Creek?
The typical home value in Cave Creek, AZ rose 1.0% over the last 12 months, from $1.04M to $1.05M (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Cave Creek?
Cave Creek ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Cave Creek?
That depends on your timeline, not on a headline. What the data says today: Cave Creek, AZ is a buyer's market with 8.6 months of supply, the 30-year fixed rate is 6.66%, and the price-to-rent ratio of 29.6x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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