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Carefree, AZ 85377

Single-Family Homes

Here is your weekly Market Update!


Carefree, AZ 85377

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. 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

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.

Carefree, AZ 85377

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. 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

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.

Real-Time Market Profile

Never miss important changes in the Carefree market.
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.

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
$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