First Integrity Title Market Report

Carefree, AZ

Single-Family Homes

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Carefree, AZ

Mon Jun 05 2023
This week the median list price for Carefree, AZ is $1,607,500 with the market action index hovering around 34. This is an increase over last month's market action index of 32. Inventory has decreased to 28. 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

In the last few weeks, 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. Watch for an up-shift in the MAI before price stability is achieved.

Carefree, AZ

Mon Jun 05 2023
This week the median list price for Carefree, AZ is $1,607,500 with the market action index hovering around 34. This is an increase over last month's market action index of 32. Inventory has decreased to 28. 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

In the last few weeks, 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. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Carefree market.
Median List Price $1,607,500
Median Price of New Listings $1,250,000
Per Square Foot $450
Average Days on Market 129
Median Days on Market 102
Price Decreased 54%
Price Increased 0%
Relisted 11%
Inventory 28
Median Rent
Market Action 34
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$3,385,000 4,555 1 - 2.5 acres 3 4 22 0 0 210
$1,999,950 4,292 1 - 2.5 acres 4 4 38 0 1 154
$1,399,999 3,725 1 - 2.5 acres 4 4 44 2 3 42
$779,000 2,335 1 - 2.5 acres 2 2.5 39 0 2 77