Is Fountain of the Sun, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Fountain of the Sun has remained a Seller's Market.
Housing Prices in Fountain of the Sun, AZ
How much do homes in Fountain of the Sun, AZ cost?
Median Sold Price
$327,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fountain of the Sun was $327,000 in March 2024, down 3.8% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $216K | $195K | -9.7% |
2 Bedrooms | $340.5K | $316.7K | -7.0% |
3 Bedrooms | $375K | $380K | +1.3% |
4 Bedrooms | - | $1.2M | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Fountain of the Sun housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.7%, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 1.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Fountain of the Sun, AZ
How many homes are available in Fountain of the Sun, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
56 | 58 | +3.6% |
Summary: The Fountain of the Sun real estate market had 58 homes for sale in March 2024, a 3.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 47 | 47 | 0.0% |
3 Bedrooms | 6 | 9 | +50.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fountain of the Sun housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Fountain of the Sun in March 2024, up by 9.1% month-over-month. Of the 12 sold homes, 83% were sold under asking, 8% were sold at asking, and 8% were sold over asking.
Days on Market for Fountain of the Sun, AZ
How long does it take to sell a home in Fountain of the Sun, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 80 Days | +47.6% |
Summary: Homes in Fountain of the Sun had an average of 80 days on market in Mar 2024, up by 47.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Fountain of the Sun; 33% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.