Is Fountain Hills, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fountain Hills is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Fountain Hills has remained a Seller's Market.

Key Takeaway

Fountain Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fountain Hills, AZ

How much do homes in Fountain Hills, AZ cost?

Median Sold Price

$680,000

$331/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$49,347(+7.8%)

Key Takeaway

Homes in Fountain Hills have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Fountain Hills was $680,000 in February 2024, up 7.8% from last year, and the median price per square foot was $331.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $260K$245K
-5.8%
2 $389K$402.5K
+3.5%
3 $655K$683.3K
+4.3%
4 $957.5K$975K
+1.8%
5+ $1.5M$1.8M
+21.6%

Summary: Fountain Hills housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 21.6%.

Median Sold Price Compared To Nearby Cities

Fountain Hills
+7.8%
Scottsdale
-2.3%

Housing Supply in Fountain Hills, AZ

How many homes are available in Fountain Hills, AZ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
265286+7.9%

Summary: The Fountain Hills real estate market had 286 homes for sale in February 2024, a 7.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 34
+33.3%
2 6572
+10.8%
3 112120
+7.1%
4 6466
+3.1%
5+ 2124
+14.3%

Summary: The Fountain Hills housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
4555+22.2%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fountain Hills, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 55 homes were sold or pending in Fountain Hills in February 2024, up by 22.2% month-over-month. Of the 55 sold homes, 64% were sold under asking, 25% were sold at asking, and 11% were sold over asking.

Days on Market for Fountain Hills, AZ

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

Average Sale Time

Feb 2023Feb 2024CHANGE
68 Days64 Days-5.5%

Summary: Homes in Fountain Hills had an average of 64 days on market in Feb 2024, down by 5.5% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Fountain Hills has remained consistent over time.

Summary: During February 2024, 55 homes were sold in Fountain Hills; 31% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 31% 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 18 Days Ago

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