Wed Mar 03 2021
This week the median list price for Fountain Hills, AZ is $942,250 with the market action index hovering around 58. This is an increase over last month's market action index of 55. Inventory has held steady at or around 46.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$942,250|
|Per Square Foot||$316|
|Days on Market||35|
|Strong Seller's Market|
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,250,000||6,215||1 - 2.5 acres||5||5||15||0||3||70|
|$1,350,000||4,202||1 - 2.5 acres||4||4||16||2||0||112|
|$862,499||3,227||0.25 - 0.5 acre||3||3||24||3||4||24|
|$637,500||2,241||0.25 - 0.5 acre||3||2||25||4||3||10|