Is Fountain Hills, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$680,000
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $245K | -5.8% |
2 Bedrooms | $389K | $402.5K | +3.5% |
3 Bedrooms | $655K | $683.3K | +4.3% |
4 Bedrooms | $957.5K | $975K | +1.8% |
5+ Bedrooms | $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 | $630.6K | $680K | +7.8% |
Scottsdale | $822.6K | $804.1K | -2.3% |
Housing Supply in Fountain Hills, AZ
How many homes are available in Fountain Hills, AZ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
265 | 286 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 65 | 72 | +10.8% |
3 Bedrooms | 112 | 120 | +7.1% |
4 Bedrooms | 64 | 66 | +3.1% |
5+ Bedrooms | 21 | 24 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
45 | 55 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
68 Days | 64 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
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.