Your Localized Market Report
Fountain Hills, AZ
Single-Family Homes
Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com
Fountain Hills, AZ
Fri Apr 19 2024
This week the median list price for Fountain Hills, AZ is $1,224,950 with the market action index hovering around 38. This is an increase over last month's market action index of 36. Inventory has decreased to 112.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Real-Time Market Profile
| Median List Price | $1,224,950 | |
| Median Price of New Listings | $1,200,000 | |
| Per Square Foot | $427 | |
| Average Days on Market | 90 | |
| Median Days on Market | 49 | |
| Price Decreased | 46% | |
| Price Increased | 3% | |
| Relisted | 8% | |
| Inventory | 112 | |
| Median Rent | ||
| Market Action | 38 | |
| Slight Seller's Advantage | ||
While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,772,500 | 4,506 | 0.5 - 1 acre | 4 | 5 | 15 | 2 | 1 | 91 |
| $1,725,000 | 3,824 | 0.5 - 1 acre | 4 | 4 | 21 | 2 | 5 | 70 |
| $949,495 | 2,711 | 0.25 - 0.5 acre | 3 | 3 | 29 | 3 | 5 | 38 |
| $612,000 | 1,772 | 0.25 - 0.5 acre | 3 | 2 | 33 | 2 | 5 | 35 |