Is Fountain Hills, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Fountain Hills was a Seller's Market.
Housing Prices in Fountain Hills, AZ
How much do homes in Fountain Hills, AZ cost?
Median Sold Price
$691,000
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fountain Hills was $691,000 in March 2024, up 9.5% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $245K | -5.8% |
2 Bedrooms | $385K | $405.5K | +5.3% |
3 Bedrooms | $650K | $697.2K | +7.3% |
4 Bedrooms | $965K | $1.0M | +5.4% |
5+ Bedrooms | $1.4M | $1.7M | +21.9% |
Summary: Fountain Hills housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 21.9%.
Median Sold Price Compared To Nearby Cities
Fountain Hills | $630.8K | $691K | +9.5% |
Scottsdale | $821.3K | $810.4K | -1.3% |
Housing Supply in Fountain Hills, AZ
How many homes are available in Fountain Hills, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
299 | 312 | +4.3% |
Summary: The Fountain Hills real estate market had 312 homes for sale in March 2024, a 4.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 77 | 85 | +10.4% |
3 Bedrooms | 129 | 131 | +1.6% |
4 Bedrooms | 67 | 73 | +9.0% |
5+ Bedrooms | 22 | 21 | -4.5% |
Summary: The Fountain Hills housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 4.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 48 | -18.6% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Fountain Hills in March 2024, down by 18.6% month-over-month. Of the 48 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
78 Days | 67 Days | -14.6% |
Summary: Homes in Fountain Hills had an average of 67 days on market in Mar 2024, down by 14.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 48 homes were sold in Fountain Hills; 35% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.