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 neutral's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

Fountain Hills 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 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

+$60,119(+9.5%)

Key Takeaway

Homes in Fountain Hills have sold for 9.5% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $260K$245K
-5.8%
2 $385K$405.5K
+5.3%
3 $650K$697.2K
+7.3%
4 $965K$1.0M
+5.4%
5+ $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
+9.5%
Scottsdale
-1.3%

Housing Supply in Fountain Hills, AZ

How many homes are available in Fountain Hills, AZ?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
299312+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

# BEDSFeb 2024Mar 2024CHANGE
1 42
-50.0%
2 7785
+10.4%
3 129131
+1.6%
4 6773
+9.0%
5+ 2221
-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 2024Mar 2024CHANGE
5948-18.6%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fountain Hills, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
78 Days67 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 11 Days Ago

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