Is Fountain Hills, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$694,000
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fountain Hills was $694,000 in May 2024, up 9.1% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $242.5K | $245K | +1.0% |
2 Bedrooms | $365K | $449K | +23.0% |
3 Bedrooms | $649.7K | $699.7K | +7.7% |
4 Bedrooms | $960K | $1.0M | +10.2% |
5+ Bedrooms | $1.4M | $1.4M | 0.0% |
Summary: Fountain Hills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 23%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Fountain Hills | $636K | $694K | +9.1% |
Scottsdale | $804.9K | $825.7K | +2.6% |
Housing Supply in Fountain Hills, AZ
How many homes are available in Fountain Hills, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
313 | 286 | -8.6% |
Summary: The Fountain Hills real estate market had 286 homes for sale in May 2024, a 8.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 83 | 66 | -20.5% |
3 Bedrooms | 131 | 125 | -4.6% |
4 Bedrooms | 74 | 71 | -4.1% |
5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The Fountain Hills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 20.5%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
83 | 64 | -22.9% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 64 homes were sold or pending in Fountain Hills in May 2024, down by 22.9% month-over-month. Of the 64 sold homes, 64% were sold under asking, 28% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
58 Days | 64 Days | +10.3% |
Summary: Homes in Fountain Hills had an average of 64 days on market in May 2024, up by 10.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During May 2024, 64 homes were sold in Fountain Hills; 30% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.