First Integrity Title Market Report

Carefree, AZ

Single-Family Homes

www.FirstIntegrityTitle.com | 888-636-0372



Carefree, AZ

Fri Jun 21 2024
This week the median list price for Carefree, AZ is $1,675,000 with the market action index hovering around 36. This is less than last month's market action index of 39. Inventory has decreased to 32. 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

Fri Jun 21 2024
This week the median list price for Carefree, AZ is $1,675,000 with the market action index hovering around 36. This is less than last month's market action index of 39. Inventory has decreased to 32. 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 $1,675,000
Median Price of New Listings $1,299,000
Per Square Foot $468
Average Days on Market 116
Median Days on Market 81
Price Decreased 44%
Price Increased 6%
Relisted 13%
Inventory 32
Median Rent
Market Action 36
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
$4,597,000 5,974 1 - 2.5 acres 4 5 35 0 1 147
$1,924,500 3,990 1 - 2.5 acres 5 4.5 23 1 0 59
$1,549,500 3,110 0.5 - 1 acre 3 3 34 1 0 66
$894,500 2,383 0.25 - 0.5 acre 2 2.5 38 1 2 84