The Cave Creek real estate market update for August 2025 reflects a seller-leaning market with improving demand, balanced inventory, and consistent luxury sales.
Inventory and Supply
- 165 active listings in 85331 as of this month
- 171 active listings this time last year
- 209 active listings last month (July 2025)
- Currently at 3 months of supply, Cave Creek reflects a balanced market overall, though conditions lean in favor of sellers in many price ranges.
Sales Activity
- 50 homes closed in the last 30 days
- 225 homes closed last quarter
- 45 homes currently under contract
- 38 under contract this time last year
- 46 under contract this time in 2023
- 372 homes closed year-to-date in 2025
- Compared to 303 closings up to August 2024
Cave Creek is seeing stronger sales volume this year compared to last, reflecting continued buyer demand, particularly in the higher price brackets.
Pricing Trends
- Median sales price (YTD 2025): $875,000
- Average price per square foot: $384.36
- List-to-sales price ratio: 97%
Market Comparisons
- Scottsdale: $1,252,000 median | $502.77/sqft
- Carefree: $1,510,000 median | $485.14/sqft
- Paradise Valley: $3,950,000 median | $866.91/sqft
👉 Cave Creek offers a diverse range of properties, from ranch-style and equestrian homes to luxury estates, and continues to present strong value compared to Scottsdale and Paradise Valley.
Days on Market
- Average DOM: 83 days (vs. 74 this time last year)
- Median DOM: 89 days
This indicates that while sales are steady, homes are taking longer to secure buyers compared to 2024, especially at the higher price points.
Luxury Segment Insights
- 145 homes have sold above $1M in 2025
- Highest sales: $7M (tied) at 29211 N 53rd St and 43044 N Fleming Springs Rd
- Financing breakdown for $1M+ sales: 55 cash purchases, 73 conventional loans, 17 listed as other (including 1031 exchanges and seller carrybacks)
The strength of cash purchases underscores continued confidence in Cave Creek’s luxury market.
What This Means for Buyers and Sellers
For sellers, competitive pricing and presentation remain critical. Homes that are well-prepared and priced according to current market conditions are finding success, even with longer days on market compared to last year.
For buyers, 3 months of supply provides more choice and some negotiating room, particularly in the luxury segment. Well-priced properties still move quickly, but today’s conditions give buyers more breathing room than in the past two years.
Final Thoughts
Cave Creek continues to showcase its distinctive blend of luxury living and equestrian lifestyle. Out of the 165 active listings, 45 are horse-friendly, and of the 372 homes sold year-to-date, 86 included equestrian amenities. This is a clear signal that demand for ranch and horse properties remains strong.
Seasonally, sales activity typically softens in the summer, but Cave Creek’s appeal to out-of-state and equestrian buyers keeps demand steady, especially as we head into the fall and winter when snowbird activity picks up.
At the very top of the market, the most expensive single-family home currently available is 31055 N 56th St, listed at $8.4M. This extraordinary 9.6-acre equestrian estate has been on the market 162 days and offers a rare equine therapy, breeding, training, and rehab center — complete with a swimming pool for horses, a state-of-the-art vet lab, 40+ stall barn, arena, turnouts, and both city water and a private well. The main residence features over 3,500 sqft of luxury living, plus a guest house and barn apartments, making it one of the most unique properties in the Cave Creek market today.
With balanced inventory, steady sales, and a strong luxury and equestrian presence, Cave Creek remains a premier destination for buyers seeking more space, lifestyle amenities, and value compared to nearby Scottsdale and Paradise Valley.
If you’re considering buying or selling in Cave Creek, Erica is happy to provide a personalized market analysis and help you explore the right opportunities.
📱 Contact Erica directly to discuss your real estate plans in Cave Creek and the surrounding luxury markets.
