The luxury home market in Carefree, Arizona, continues to show strength with steady buyer demand, healthy inventory, and competitive pricing compared to nearby Scottsdale, Cave Creek, and Paradise Valley. Whether you’re considering buying or selling in 85377, understanding the latest numbers helps set clear expectations. Here’s a look at where the market stands.
Inventory and Supply
- 32 active listings in 85377 as of this month
- 24 active listings at this time last year
- 39 active listings just last month
Carefree currently sits at 4 months of supply, reflecting a more balanced environment. While last year’s market leaned tighter, today’s conditions offer buyers more negotiating room without shifting completely away from sellers.
Sales Activity
- 8 single-family homes closed in the last 30 days
- 19 closings last quarter
- 5 homes currently under contract
- 4 closings in August 2024 vs. 2 in August 2023
- 78 sales year-to-date in 2025 vs. 85 this time last year
Overall, Carefree has seen slightly fewer sales compared to 2024, but activity remains steady, especially in the luxury segment.
Pricing Trends
- Median sales price (2025 YTD): $1,510,000
- Average price per square foot: $485.14
- List-to-sales price ratio: 95%
Market Comparisons
- Scottsdale: $1,252,000 median | $502.77/sqft
- Cave Creek: $886,000 median | $386.15/sqft
- Paradise Valley: $3,950,000 median | $866.91/sqft
👉 Carefree continues to hold its place as a premier luxury market, positioned between Scottsdale and Paradise Valley. Larger lots and distinctive architecture make Carefree an attractive value for buyers who want space, privacy, and a custom-home feel at a lower price per square foot than Paradise Valley or Silverleaf in North Scottsdale.
Days on Market
- Average DOM: 83 days (compared to 85 this time last year)
- Median DOM: 48 days
This tells us that many homes are still moving in under two months, while higher-end or uniquely priced properties may take longer to secure the right buyer.
Luxury Segment Insights
- 44 homes sold above $1M this year in Carefree
- Highest sale: 37801 N Stirrup Cir
- Financing Type: 21 cash purchases, 13 conventional loans, and 8 categorized as “other financing,” which included 1031 exchanges and seller carrybacks.
The high percentage of cash purchases highlights the strength of luxury demand and the confidence buyers have in Carefree’s market.
What This Means for Buyers and Sellers
For sellers, proper pricing is key. Homes that reflect market value and highlight Carefree’s lifestyle advantages, such as larger lots and unique custom designs, are still commanding strong attention.
For buyers, the current 4 months of supply offers more opportunity than in past years, with room for negotiation in many cases. Well-priced properties, especially under $2M, are still moving quickly, so preparation is important.
Final Thoughts
Carefree remains one of the Valley’s most unique luxury enclaves, offering a blend of privacy, natural beauty, and architectural character. With steady demand and balanced conditions, both buyers and sellers have opportunities in today’s market.
One of the best values currently available in Carefree is listed at 6432 E El Sendero Rd. This modern retreat sits on the south side of Black Mountain and offers panoramic views, a beautifully remodeled interior with custom finishes, a detached guest house, solar panels, EV chargers, and a resort-style saltwater pool. At $3.9M, this property offers exceptional value at $650K less than the owner’s investment, offering one of the strongest opportunities for a buyer seeking a fully updated luxury home with breathtaking views.
If you’re considering buying or selling in Carefree, Erica is happy to provide a personalized market analysis and help you explore the right opportunities.
📱 Contact Erica directly to discuss your real estate plans in Carefree and the surrounding luxury markets.
