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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carefree is a neutral's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

Carefree is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Carefree, AZ

How much do homes in Carefree, AZ cost?

Median Sold Price

$1,070,000

$394/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$170,000(-13.7%)

Key Takeaway

Homes in Carefree have sold for 13.7% less than they did a year ago.

Summary: The median home sold price in Carefree was $1,070,000 in February 2024, down 13.7% from last year, and the median price per square foot was $394.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $252.4K$262K
+3.8%
2 $600K$610K
+1.7%
3 $1.1M$1.2M
+7.4%
4 $1.6M$1.6M
-2.2%
5+ $1.8M$1.9M
+9.2%

Summary: Carefree housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 9.2%.

Median Sold Price Compared To Nearby Cities

Tonto National Forest
+14.0%
Deer Valley
-0.3%
Cave Creek
-1.3%
Scottsdale
-2.3%
Carefree
-13.7%

Housing Supply in Carefree, AZ

How many homes are available in Carefree, AZ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
8498+16.7%

Summary: The Carefree real estate market had 98 homes for sale in February 2024, a 16.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 2124
+14.3%
3 3541
+17.1%
4 2126
+23.8%
5+ 66
0.0%

Summary: The Carefree housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
415+275.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Carefree in February 2024, up by 275.0% month-over-month. Of the 15 sold homes, 67% were sold under asking, 20% were sold at asking, and 13% were sold over asking.

Days on Market for Carefree, AZ

How long does it take to sell a home in Carefree, AZ?

Average Sale Time

Feb 2023Feb 2024CHANGE
98 Days66 Days-32.4%

Summary: Homes in Carefree had an average of 66 days on market in Feb 2024, down by 32.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Carefree has remained consistent over time.

Summary: During February 2024, 15 homes were sold in Carefree; 33% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

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

Report Updated 1 Day Ago

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