Navi Title Agency
Fountain Hills, AZ 85268
Single-Family Homes
Here is your weekly Market Update!
Fountain Hills, AZ 85268
Wed May 08 2024
This week the median list price for Fountain Hills, AZ 85268 is $1,075,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has decreased to 115.
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 settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Real-Time Market Profile
| Median List Price | $1,075,000 | |
| Median Price of New Listings | $732,450 | |
| Per Square Foot | $420 | |
| Average Days on Market | 96 | |
| Median Days on Market | 56 | |
| Price Decreased | 55% | |
| Price Increased | 3% | |
| Relisted | 10% | |
| Inventory | 115 | |
| Median Rent | ||
| Market Action | 38 | |
| Slight Seller's Advantage | ||
In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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 |
|---|---|---|---|---|---|---|---|---|
| $2,900,000 | 4,538 | 0.5 - 1 acre | 4 | 5 | 15 | 1 | 1 | 108 |
| $1,606,995 | 3,215 | 0.5 - 1 acre | 4 | 4 | 23 | 1 | 1 | 84 |
| $898,000 | 2,627 | 0.25 - 0.5 acre | 3 | 3 | 29 | 5 | 3 | 42 |
| $629,900 | 1,838 | 0.25 - 0.5 acre | 3 | 2 | 37 | 7 | 1 | 49 |