Is Carefree, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carefree is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Carefree was a Seller's Market.

Key Takeaway

Carefree is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Carefree, AZ cost?

Median Sold Price

$1,300,000

$400/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$350,000(+36.8%)

Key Takeaway

Homes in Carefree have sold for 36.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $160K$252.4K
+57.8%
2 $470K$560.5K
+19.3%
3 $932.5K$1.1M
+23.3%
4 $1.3M$1.9M
+44.5%
5+ $1.9M$2.4M
+28.7%

Median Sold Price Compared To Nearby Cities

Carefree
+36.8%
Cave Creek
+24.5%
Scottsdale
+18.0%
Deer Valley
+17.7%
Tonto National Forest
+17.1%

How many homes are available in Carefree, AZ?

Number of Homes For Sale

Oct 2022Nov 2022%
5957-3.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 10
-100.0%
2 1515
0.0%
3 2422
-8.3%
4 1617
+6.3%
5+ 33
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
65-16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carefree, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
54 Days35 Days-36.3%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Carefree are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Carefree, AZ

Carefree, AZ has 57 homes on the market. The number of listings in Carefree, AZ decreased by 3.4% between October 2022 and November 2022. The median list price of listings available in November 2022 was $1,300,000, while the average time on the real estate market was 35 days. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties prices increased by 57.8%, 2 bedrooms properties became 19.3% more expensive, the cost of 3 bedrooms properties went up by 23.3%, 4 bedrooms properties became 44.5% more expensive, the cost of 5 bedrooms properties went up by 28.7%. Volume of homes for sale changed: 1 bedroom homes became 100% less available, 2 bedrooms homes inventory did not change, 3 bedrooms homes became 8.3% less available, volume of 4 bedrooms homes went up by 6.3%, 5 bedrooms homes inventory did not change. While more than 1 listings in Carefree, AZ in November 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 4 were sold below.

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