Single-Family Homes
Fri Jun 02 2023
This week the median list price for Carefree, AZ 85377 is $1,547,500 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 32.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.
Median List Price | $1,547,500 | |
Median Price of New Listings | $1,413,500 | |
Per Square Foot | $450 | |
Average Days on Market | 114 | |
Median Days on Market | 88 | |
Price Decreased | 44% | |
Price Increased | 0% | |
Relisted | 6% | |
Inventory | 32 | |
Median Rent | ||
Market Action | 33 | |
Slight Seller's Advantage |
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$3,342,500 | 4,539 | 1 - 2.5 acres | 3 | 4.3 | 27 | 0 | 0 | 161 |
$1,999,975 | 4,037 | 1 - 2.5 acres | 4 | 3.8 | 38 | 1 | 0 | 136 |
$1,441,500 | 4,086 | 1 - 2.5 acres | 4 | 3.8 | 31 | 0 | 2 | 52 |
$777,000 | 2,291 | 0.5 - 1 acre | 2 | 2.5 | 28 | 1 | 2 | 66 |