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Featured local agent — Carefree, AZ
Sarah Mitchell
Compass Real Estate · Carefree, AZ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Carefree, AZ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.43Mmedian sale price
How is the Carefree, AZ housing market right now?
The median home sale price in Carefree, AZ is $1.43M, down 9.5% year-over-year. Homes sell in an average of 86 days with 73 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Carefree a buyer's or seller's market?
Carefree, AZ is currently a buyer's market, based on 8.1 months of supply and homes selling in about 86 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
86
Average pace
Active listings
73
8.1 months supply
Sale-to-list
94.8%
Below asking
What does the Carefree housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.43M |
| Median list price | $1.11M |
| Year-over-year price change | -9.5% |
| Average days on market | 86 days |
| Active inventory | 73 listings |
| Months of supply | 8.1 months |
| Sale-to-list price ratio | 94.8% |
| Median price per sq ft | $413/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 18 |
| Listings with a price cut | 21.9% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Carefree by property type?
How the Carefree, AZ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.43M | $413/sq ft | 9 | 86 days |
| Condo / Co-op | $640,000 | $347/sq ft | 3 | 331 days |
| Townhouse | $550,000 | $373/sq ft | 3 | 178 days |
Source: Redfin · Updated monthly
The Carefree housing market is currently classified as a buyer's market with a median sale price of $1.43M. Prices have fallen 9.5% compared to last year, with homes spending an average of 86 days on market, indicating 8.1 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 9.1x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Carefree
There are currently 73 homes listed for sale in Carefree, Arizona. The median listing price is $1.1M.
Active listings
73
Homes on market
Median list price
$1.1M
Avg. days on market
86
Days until sale
New this week
18
Newly listed
Who lives in Carefree?
Population
3,672
Median income
$141,331/yr
Median age
64.5 years
Owner-occupied
91.1%
College grads
61.6%
Avg commute
32.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Carefree?
Zillow home value
$1.29M
Price-to-income
9.1x
Source: Zillow Research
What is it like to live in Carefree?
Carefree is a community of approximately 4K residents with a median age of 64.5 years.The median household income is $141,331, which reflects a relatively affluent area with strong earning potential. 61.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 91.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.1 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Carefree offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Carefree, AZ?
Want a head-to-head view? Compare Carefree side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Carefree?
The median home sale price in Carefree is $1.43M, down 9.5% from last year.
How long do homes stay on market in Carefree?
Homes typically spend 86 days on market before going under contract.
What is the median income in Carefree?
The median household income is $141,331 per year.
Is Carefree a buyer's or seller's market?
With 8.1 months of supply, Carefree is currently a buyer's market.
What is the Zillow home value estimate for Carefree?
The Zillow Home Value Index (ZHVI) for Carefree is $1.29M, representing the typical home value in the area.
What is the median condo price in Carefree?
The median condo/co-op sale price in Carefree, AZ is $640,000, compared to $1.43M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Carefree?
The median single-family home price in Carefree, AZ is $1.43M (about $413 per square foot).
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