First Integrity Title Market Report

Carefree, AZ

Single-Family Homes

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Carefree, AZ

Sat Jul 20 2024
This week the median list price for Carefree, AZ is $1,687,500 with the market action index hovering around 33. This is less than last month's market action index of 36. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Sat Jul 20 2024
This week the median list price for Carefree, AZ is $1,687,500 with the market action index hovering around 33. This is less than last month's market action index of 36. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $1,687,500
Median Price of New Listings $1,266,000
Per Square Foot $464
Average Days on Market 152
Median Days on Market 116
Price Decreased 43%
Price Increased 11%
Relisted 7%
Inventory 28
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
$5,275,000 6,285 1 - 2.5 acres 4 5 33 0 0 196
$1,975,000 4,019 1 - 2.5 acres 5 5 22 0 0 91
$1,549,999 3,052 0.5 - 1 acre 3 3 41 1 1 77
$949,775 2,282 0.25 - 0.5 acre 2 2 40 0 2 119