Is Fountain Hills, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Fountain Hills has remained a Seller's Market.
Housing Prices in Fountain Hills, AZ
How much do homes in Fountain Hills, AZ cost?
Median Sold Price
$695,825
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Fountain Hills was $695,825 in June 2024, up 10.5% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $257.5K | +7.3% |
2 Bedrooms | $365K | $450K | +23.3% |
3 Bedrooms | $649.7K | $699.4K | +7.6% |
4 Bedrooms | $965K | $1.0M | +6.2% |
5+ Bedrooms | $1.4M | $1.4M | 0.0% |
Summary: Fountain Hills housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 23.3%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Fountain Hills | $629.7K | $695.8K | +10.5% |
Scottsdale | $800.1K | $829.1K | +3.6% |
Housing Supply in Fountain Hills, AZ
How many homes are available in Fountain Hills, AZ?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
280 | 253 | -9.6% |
Summary: The Fountain Hills real estate market had 253 homes for sale in June 2024, a 9.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 66 | 62 | -6.1% |
3 Bedrooms | 119 | 101 | -15.1% |
4 Bedrooms | 71 | 65 | -8.5% |
5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The Fountain Hills housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 15.1%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
62 | 60 | -3.2% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in Fountain Hills in June 2024, down by 3.2% month-over-month. Of the 60 sold homes, 78% were sold under asking, 13% were sold at asking, and 8% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
82 Days | 88 Days | +7.6% |
Summary: Homes in Fountain Hills had an average of 88 days on market in Jun 2024, up by 7.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During June 2024, 60 homes were sold in Fountain Hills; 17% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.