Pango Group

Fountain Hills, AZ

Single-Family Homes

www.pangogroup.com


Fountain Hills, AZ

Sat Dec 21 2024
This week the median list price for Fountain Hills, AZ is $933,400 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has decreased to 114. Click here to stay informed with the Fountain Hills market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Fountain Hills, AZ

Sat Dec 21 2024
This week the median list price for Fountain Hills, AZ is $933,400 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has decreased to 114. Click here to stay informed with the Fountain Hills market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Fountain Hills market.
Median List Price $933,400
Median Price of New Listings $912,450
Per Square Foot $383
Average Days on Market 111
Median Days on Market 63
Price Decreased 44%
Price Increased 4%
Relisted 4%
Inventory 114
Median Rent
Market Action 33
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
$2,560,000 4,259 0.5 - 1 acre 4 5 9 0 3 108
$1,185,000 2,989 0.25 - 0.5 acre 4 3 31 2 1 59
$875,000 2,383 0.25 - 0.5 acre 3 3 36 4 3 49
$626,000 1,680 6,500 - 8,000 sqft 3 2 38 0 1 56