Pango Group

Carefree, AZ

Single-Family Homes

www.pangogroup.com



Carefree, AZ

Sun Mar 03 2024
This week the median list price for Carefree, AZ is $1,935,000 with the market action index hovering around 32. This is an increase over last month's market action index of 29. Inventory has decreased to 46. Click here to stay informed with the Carefree market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Carefree, AZ

Sun Mar 03 2024
This week the median list price for Carefree, AZ is $1,935,000 with the market action index hovering around 32. This is an increase over last month's market action index of 29. Inventory has decreased to 46. Click here to stay informed with the Carefree market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Carefree market.
Median List Price $1,935,000
Median Price of New Listings $1,349,500
Per Square Foot $525
Average Days on Market 111
Median Days on Market 67
Price Decreased 33%
Price Increased 7%
Relisted 9%
Inventory 46
Median Rent
Market Action 32
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$5,000,000 6,420 2.5 - 5 acres 4 6 33 1 1 182
$2,400,000 4,124 1 - 2.5 acres 4 4 26 0 1 84
$1,537,499 3,254 1 - 2.5 acres 3 3 31 3 2 28
$864,500 2,309 0.25 - 0.5 acre 3 2 44 2 1 66