Is Cave Creek, AZ 85331 a buyer’s or seller’s market?

The Cave Creek housing market right now

In the three months ending August 31, 2026, 10% of homes in Cave Creek, AZ 85331 sold above their list price, the typical home went under contract in 68 days and there were 4.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 151 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 4%, homes sold faster (87 days then) and the median sale price rose 7% to $889,615. Overall, Cave Creek is more competitive than a year ago, so tougher for buyers.

Within Maricopa County, homes here sell more slowly than in 65% of the county’s ZIP codes, and sell less often over asking than in 55%. On our competition score, Cave Creek ranks #149 of 231 AZ ZIP codes with enough sales (score 23 out of 100).

Nearby, buyers who want less competition could look at Wickenburg 85390 (0% sold over asking) or Carefree 85377 (0% sold over asking), while Arlington 85322 (33% sold over asking) and Tolleson 85353 (32% sold over asking) are even more competitive.