First Integrity Title Market Report

Carefree, AZ

Single-Family Homes

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Carefree, AZ

Mon Dec 02 2024
This week the median list price for Carefree, AZ is $1,900,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has decreased to 35. 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

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.

Carefree, AZ

Mon Dec 02 2024
This week the median list price for Carefree, AZ is $1,900,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has decreased to 35. 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

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 Carefree market.
Median List Price $1,900,000
Median Price of New Listings $3,500,000
Per Square Foot $509
Average Days on Market 123
Median Days on Market 49
Price Decreased 31%
Price Increased 0%
Relisted 0%
Inventory 35
Median Rent
Market Action 32
Slight Seller's Advantage

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$5,224,500 6,701 2.5 - 5 acres 4 5.3 21 0 0 105
$2,550,000 4,680 1 - 2.5 acres 4 4.5 41 1 0 42
$1,695,000 3,329 1 - 2.5 acres 3 3.5 26 0 0 49
$1,199,000 2,945 0.5 - 1 acre 3 2.5 39 0 3 49