Navi Title Agency

Carefree, AZ 85377

Single-Family Homes

Here is your weekly Market Update!



Carefree, AZ 85377

Tue May 28 2024
This week the median list price for Carefree, AZ 85377 is $1,780,000 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has decreased to 34. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Carefree, AZ 85377

Tue May 28 2024
This week the median list price for Carefree, AZ 85377 is $1,780,000 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has decreased to 34. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Carefree market.
Median List Price $1,780,000
Median Price of New Listings $665,000
Per Square Foot $485
Average Days on Market 112
Median Days on Market 95
Price Decreased 50%
Price Increased 6%
Relisted 9%
Inventory 34
Median Rent
Market Action 39
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$3,877,500 5,974 1 - 2.5 acres 4 5 28 0 0 126
$2,024,000 4,408 1 - 2.5 acres 4 4.5 32 0 1 80
$1,600,000 3,347 0.5 - 1 acre 3 3 27 0 1 63
$850,000 2,282 0.25 - 0.5 acre 3 2 37 1 1 91