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Carefree, AZ

Single-Family Homes

Here is your weekly Market Update!



Carefree, AZ

Fri May 09 2025
This week the median list price for Carefree, AZ is $1,940,000 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has decreased to 58. 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 Buyer's Advantage

Market Narrative

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Carefree, AZ

Fri May 09 2025
This week the median list price for Carefree, AZ is $1,940,000 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has decreased to 58. 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 Buyer's Advantage

Market Narrative

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Carefree market.
Median List Price $1,940,000
Median Price of New Listings $1,347,500
Per Square Foot $491
Average Days on Market 149
Median Days on Market 95
Price Decreased 59%
Price Increased 2%
Relisted 7%
Inventory 58
Median Rent
Market Action 29
Slight Buyer'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
$4,545,000 6,186 1 - 2.5 acres 4 5.8 24 0 1 157
$2,624,500 4,381 1 - 2.5 acres 4 4 33 0 2 73
$1,650,000 3,524 0.5 - 1 acre 4 3 29 1 0 84
$1,175,000 2,908 0.25 - 0.5 acre 3 3 29 1 3 119