$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
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Cave Creek, AZ(512) 555-0184TX License #0512847
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Cave Creek, AZ Housing Market & Real Estate
Buyer's market-22.8% YoY
Housing market overview · Updated monthly ·
$997,000median sale price
How is the Cave Creek, AZ housing market right now?
The median home sale price in Cave Creek, AZ is $997,000, down 22.8% year-over-year. Homes sell in an average of 86 days with 60 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cave Creek a buyer's or seller's market?
Buyer's market8.6 months of supply86 avg. days on market
Cave Creek, AZ is currently a buyer's market, based on 8.6 months of supply and homes selling in about 86 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
86
Average pace
Active listings
60
8.6 months supply
Sale-to-list
97.0%
Below asking
What does the Cave Creek housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $997,000 |
| Median list price | $1.38M |
| Year-over-year price change | -22.8% |
| Average days on market | 86 days |
| Active inventory | 60 listings |
| Months of supply | 8.6 months |
| Sale-to-list price ratio | 97.0% |
| Median price per sq ft | $393/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 10 |
| Listings with a price cut | 35.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
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.
| 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 |
Source: Redfin · Updated monthly
The Cave Creek housing market is currently classified as a buyer's market with a median sale price of $997,000. Prices have fallen 22.8% compared to last year, with homes spending an average of 86 days on market, indicating 8.6 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 10.3x provides context for how home values compare to local earning capacity.
Market trends
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
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$1,075,000
30609 N 47th Pl
Cave Creek, AZ
4 bd3 ba3,008 sqft$357/ft²
House25,265 sqft lot
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$1,150,000
5911 E Peak View Rd
Cave Creek, AZ
5 bd4 ba3,475 sqft$331/ft²
House1.34 acres
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$1,325,000
5938 E Windstone Trl
Cave Creek, AZ
6 bd5 ba4,555 sqft$291/ft²
House1.11 acres
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$1,349,000
35414 N Palo Verde Way
Cave Creek, AZ
4 bd3 ba3,603 sqft$374/ft²
House36,155 sqft lot
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$1,350,000
6646 E Calle De Las Estrellas Rd
Cave Creek, AZ
3 bd3 ba3,938 sqft$343/ft²
House1.36 acres
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$1,400,000
5731 E Windstone Trl
Cave Creek, AZ
4 bd3 ba2,462 sqft$569/ft²
House1.14 acres
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$1,430,000
6033 E Lone Mountain Rd
Cave Creek, AZ
6 bd4 ba3,738 sqft$383/ft²
House1.20 acres
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$2,220,000
5727 E Canyon Ridge North Dr
Cave Creek, AZ
5 bd5 ba4,358 sqft$509/ft²
House1.80 acres
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$3,250,000
6553 E Morning Star Rd Unit 2
Cave Creek, AZ
4 bd5 ba3,712 sqft$876/ft²
House4.41 acres
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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%
Who lives in Cave Creek?
Population
5,033
Median income
$102,589/yr
Median age
60.3 years
Owner-occupied
94.6%
College grads
50.0%
Avg commute
32.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Cave Creek?
Zillow home value
$1.06M
Zillow rent index
$3,917/mo
Price-to-rent ratio
22.5x
Price-to-income
10.3x
Source: Zillow Research
What is it like to live in Cave Creek?
Cave Creek is a community of approximately 5K residents with a median age of 60.3 years.The median household income is $102,589, which reflects a relatively affluent area with strong earning potential. 50.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 94.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.5 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Cave Creek offers a balanced lifestyle with accessible home values relative to local income levels.
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?
Want a head-to-head view? Compare Cave Creek side-by-side with any other U.S. city using our market-comparison tool.
Is Cave Creek a good real estate investment market?
For investors evaluating Cave Creek, the price-to-rent ratio of 22.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 22.8% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Cave Creek's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Cave Creek's median home price.
Frequently asked questions
What is the average home price in Cave Creek?
The median home sale price in Cave Creek is $997,000, down 22.8% from last year.
How long do homes stay on market in Cave Creek?
Homes typically spend 86 days on market before going under contract.
What is the median income in Cave Creek?
The median household income is $102,589 per year.
Is Cave Creek a buyer's or seller's market?
With 8.6 months of supply, Cave Creek is currently a buyer's market.
How many homes are for sale in Cave Creek?
There are currently 60 homes listed for sale in Cave Creek, AZ.
What is the Zillow home value estimate for Cave Creek?
The Zillow Home Value Index (ZHVI) for Cave Creek is $1.06M, representing the typical home value in the area.
What is the median condo price in Cave Creek?
The median condo/co-op sale price in Cave Creek, AZ is $545,000, compared to $1.90M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Cave Creek?
The median single-family home price in Cave Creek, AZ is $1.90M (about $441 per square foot).
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