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

Housing Market Conditions



Gauge showing Carefree is a neutral'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



Based on all homes sold in the last 12 months.

Difference Since February 2023


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
2 $600K$610K
3 $1.1M$1.2M
4 $1.6M$1.6M
5+ $1.8M$1.9M

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
Deer Valley
Cave Creek

Housing Supply in Carefree, AZ

How many homes are available in Carefree, AZ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE

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
2 2124
3 3541
4 2126
5+ 66

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

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

Newest Listings in Carefree, AZ

Nearby Markets to Carefree, AZ

What housing markets are near Carefree, AZ?