$897,500
- 2 Beds
- 2.5 Baths
- 2,119 Sq Ft
38500 N School House Rd Unit 8, Cave Creek, AZ 85331
Jennifer Patnode Desert Dream Realty
4
Cave Creek, AZ Multifamily Homes & Duplexes for Sale
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38500 N School House Rd Unit 8, Cave Creek, AZ 85331
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$1,695,000
- 3 Beds
- 2.5 Baths
- 3,421 Sq Ft
6601 E Lone Mountain Rd N, Cave Creek, AZ 85331
6601 E Lone Mountain Rd N, Cave Creek, AZ 85331Janet Mohr Realty Executives Arizona Territory
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$875,000
- 3 Beds
- 2 Baths
- 2,125 Sq Ft
38500 N School House Rd Unit 39, Cave Creek, AZ 85331
38500 N School House Rd Unit 39, Cave Creek, AZ 85331Chris Miles HomeSmart
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$1,600,000
- 1 Bed
- 1 Bath
- 400 Sq Ft
4180 E Galvin St, Cave Creek, AZ 85331
4180 E Galvin St, Cave Creek, AZ 85331Mary Abbott HomeSmart
Why Live in Cave Creek
Cave Creek, Arizona, located just north of Scottsdale, retains its Old West charm while offering modern amenities and attractions. This small town is known for its multi-acre parcels, attracting horse owners and families alike due to its well-rated Cave Creek Unified School District. Residents enjoy the natural beauty of the Sonoran Desert, with ample opportunities for hiking and horseback riding in areas like Spur Cross Ranch Conservation Area and Cave Creek Regional Park. The town also boasts the picturesque Rancho Manana Golf Club and proximity to Scottsdale's exclusive courses. Housing options in Cave Creek are diverse, ranging from ranches and horse properties to single-family homes, townhouses, and condos, with most homes built between the 1990s and 2020s. Downtown Cave Creek offers a lively atmosphere with locally owned shops, galleries, eateries, saloons, and biker bars, providing a taste of the Old West. Popular spots include The Buffalo Chip Saloon and Steakhouse and Harold’s Cave Creek Corral, known for live music, line dancing, and bull riding. Annual events like Cave Creek Rodeo Days in March and Bike Week in April draw visitors from across the country. Despite its rural feel, Cave Creek is within commuting distance to Phoenix and Scottsdale, with Loop 101 about 15 miles south and Phoenix Sky Harbor International Airport 35 miles away. The town has lower rates of violent and property crime compared to state and national levels, contributing to its appeal as a safe and welcoming community.
Home Trends in Cave Creek, AZ
On average, homes in Cave Creek, AZ sell after 69 days on the market compared to the national average of 53 days. The median sale price for homes in Cave Creek, AZ over the last 12 months is $825,000, up 1% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$825,000
Median Single Family Sale Price
$889,000
Median Townhouse Sale Price
$563,500
Median 2 Bedroom Sale Price
$405,000
Median 1 Bedroom Sale Price
$275,000
Average Price Per Sq Ft
$399
Number of Homes for Sale
216
Last 12 months Home Sales
627
Months of Supply
4.10
Median List Price
$899,900
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
1%
In Cave Creek, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $875,000 to $1,695,000, there's a range to accomodate every budget. As of December, 2025 the median home price in Cave Creek is $899,900, while the average sale price is $1,029,467, offering insights into the local housing market. On average, multi-family homes spend 69 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Cave Creek, AZ.
Cave Creek Types of Homes for Sale
Cave Creek Real Estate Listings
Cave Creek Homes by Price
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