First Integrity Title Market Report

Carefree, AZ

Single-Family Homes

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Carefree, AZ

Sat Sep 30 2023
This week the median list price for Carefree, AZ is $1,800,000 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has held steady at or around 21. 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 been flat for several weeks. 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

Sat Sep 30 2023
This week the median list price for Carefree, AZ is $1,800,000 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has held steady at or around 21. 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 been flat for several weeks. 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 $1,800,000
Median Price of New Listings $1,600,000
Per Square Foot $521
Average Days on Market 119
Median Days on Market 77
Price Decreased 43%
Price Increased 5%
Relisted 5%
Inventory 21
Median Rent
Market Action 42
Slight Seller's Advantage

The market appears to be hovering around these current levels, though prices movved up a bit this week. 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
$5,294,900 6,059 1 - 2.5 acres 4 5 32 0 0 105
$2,900,000 4,400 1 - 2.5 acres 4 4 9 1 1 28
$1,430,000 4,275 1 - 2.5 acres 4 4 28 2 0 91
$1,047,000 2,169 0.25 - 0.5 acre 3 2.5 41 0 1 91