First Integrity Title Market Report

Fountain Hills, AZ

Single-Family Homes

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Fountain Hills, AZ

Thu Nov 21 2024
This week the median list price for Fountain Hills, AZ is $1,077,450 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has increased to 128. Click here to stay informed with the Fountain Hills market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Fountain Hills, AZ

Thu Nov 21 2024
This week the median list price for Fountain Hills, AZ is $1,077,450 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has increased to 128. Click here to stay informed with the Fountain Hills market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Fountain Hills market.
Median List Price $1,077,450
Median Price of New Listings $1,275,000
Per Square Foot $391
Average Days on Market 120
Median Days on Market 70
Price Decreased 45%
Price Increased 2%
Relisted 6%
Inventory 128
Median Rent
Market Action 34
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
$2,650,000 4,483 0.5 - 1 acre 4 5 11 1 1 147
$1,277,500 3,232 0.25 - 0.5 acre 4 4 27 5 1 59
$899,000 2,555 0.25 - 0.5 acre 3 3 33 2 2 70
$647,450 1,721 0.25 - 0.5 acre 3 2 37 1 1 70