Market Intelligence · AZ / Cave Creek

Cave Creek, AZ 85331 Housing Market

The typical home in Cave Creek, AZ 85331 is worth $824,947, up 1.9% over the past year. The median list price stands at $960,500, with homes spending a median of 79 days on the market as of September 2026.

Updated September 2026Median value$825K

The median home value in Cave Creek, AZ 85331 is $825K as of September 2026, up 1.9% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

Human help

Licensed pros in 85331.

Joyce Tawes

Primary seat

Joyce Tawes

Lic #BR540739000 AZ

Selling the Scottsdale home you’ve lived in for years is a big decision, and it should feel calm and well managed from day one. With 24 years in Arizona real estate and 20 in local government affairs, I price with precision and spot potential issues before buyers do. I’ll guide your preparation and negotiate firmly on your behalf, and you’ll always know where things stand, so you can focus on what comes next. I’d welcome a conversation about your plans to sell.

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Typical 85331 range

$759K to $891K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+1.9% over 12 months

Typical home value in 85331 over the last 12 months: $810K in Sep 2025 to $825K in Sep 2026 (+1.9%).

Sep 2025$810K

Sep 2026$825K

The numbers

What is the 85331 housing market like?

Typical home value

$825K

Up1.9%YoY

Median list price

$961K

Down3.9%MoM

Days on market

79

Down8.1%MoM

Homes for sale

196

Up7.7%MoM

Price cuts

25.9%

Up4.4%MoM

New listings

84

Up110.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

85331 housing market forecast 2027

-1.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85331 to fall 1.4% by September 2027.

Over the 12 months through September 2026, typical home values in 85331 rose 1.9%, per the Zillow Home Value Index.

Will home prices drop in 85331?

Zillow's forecast says they may: it expects typical home values in 85331 to fall 1.4% by September 2027, after a 1.9% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 85331 home prices compare?

  • 85331$824,947
  • Cave Creek$824,947
  • Arizona$385,442
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Cave Creek: 1 ZIP; Arizona: 300 ZIPs; United States: 26,262 ZIPs).

Context

Cave Creek's market shows mixed signals heading into late 2026. There are 196 homes for sale, with 84 new listings added in September alone. However, 25.9% of listings have already received price cuts, suggesting sellers are adjusting to buyer demand. The gap between median list price and typical home value points to some overpricing in the active inventory. Sellers should be realistic about pricing and prepared for a slower sales pace.

Monthly payment

Estimate your monthly payment.

20% · $164,989

Common questions

What people ask us.

What is a typical home worth in Cave Creek, AZ 85331?

As of September 2026, the typical home value is $824,947, which represents a 1.9% increase over the past year.

How long do homes take to sell in Cave Creek?

The median time on market is 79 days as of September 2026.

How many homes are currently for sale in Cave Creek?

There are 196 homes listed for sale as of September 2026, with 84 new listings added that month.

Discover

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