Cave Creek luxury homes for sale

The median sale price was $1,950,000 for the 93 Cave Creek homes at $1.5 million and up that sold from November 1, 2025 to November 1, 2026, or $469 per square foot, with sale prices from $1,500,000 to $5,496,000. Those listed for sale on November 1, 2026 had a median list price of $2,297,000.

As of November 1, 2026, 68 Cave Creek homes at $1.5 million and up were listed for sale in the MLS, and 16 of them were priced at $3 million or more. The search on this page updates continuously, so it always shows the current count.

Those that sold over the past 12 months spent a median of 73 days on the market and closed at a median of 96.52% of their final list price, or 95.24% of their original list price.

With 68 listings today and about 8 sales a month over the past year, the Cave Creek luxury market has about 8.8 months of supply, which is leaning toward buyers. Price points and home types move at different speeds, so ask us for the numbers on the homes you are considering.

15 of the 93 closed sales, or 16%, reported a seller concession on the MLS record, such as seller paid closing costs or a rate buydown. Among the sales that had one, the median concession was $10,000.

Of the 175 listings that left the market over the past 12 months, 93 closed and 82 were cancelled or expired, a listing success rate of 53%. A listing that was cancelled and then relisted counts as cancelled.

Start with the jurisdiction, because a Cave Creek address can be in the Town of Cave Creek, the City of Phoenix, or unincorporated Maricopa County. Then confirm the zoning and lot coverage, where the water comes from (town water or a well), whether the home is on septic, and who maintains the road. The Town's Desert Rural zones set minimum lot sizes of 190,000 square feet in DR-190, 89,000 in DR-89, 70,000 in DR-70 and 43,000 in DR-43, and cap lot coverage at 10% in the first three and 15% in DR-43, according to Chapter 2 of the Town's zoning ordinance.

The median sale price for Cave Creek homes that sold for $1.5 million or more was $1,595,000 in 2016 and $1,950,000 in 2025, up 22%. The highest yearly median in that span was $2,020,000 in 2020. So far this year, through November 1, 2026, the median is $1,912,500.

Our search and statistics include residential listings in the MLS city of Cave Creek that sold for, or are listed at, $1.5 million or more. Cave Creek here is the city on the MLS record, which follows the mailing address. The Cave Creek mailing area is larger than the Town of Cave Creek: the 85331 ZIP code also covers Tatum Ranch, which is in the City of Phoenix, and parts of unincorporated Maricopa County, so confirm the jurisdiction for any property. Figures were calculated by Arizona Luxury Partners from ARMLS data on November 1, 2026.