Navi Title Agency
Apache Junction, AZ 85120
Single-Family Homes
Here is your weekly Market Update!
Apache Junction, AZ 85120
Wed Oct 04 2023
This week the median list price for Apache Junction, AZ 85120 is $432,500 with the market action index hovering around 63. This is an increase over last month's market action index of 60. Inventory has increased to 32.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $432,500 | |
| Median Price of New Listings | $410,000 | |
| Per Square Foot | $279 | |
| Average Days on Market | 38 | |
| Median Days on Market | 14 | |
| Price Decreased | 19% | |
| Price Increased | 0% | |
| Relisted | 3% | |
| Inventory | 32 | |
| Median Rent | ||
| Market Action | 63 | |
| Strong Seller's Market | ||
We continue to see prices in this zip bounce around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $604,500 | 2,037 | 1 - 2.5 acres | 3 | 2 | 16 | 0 | 1 | 56 |
| $458,595 | 1,727 | 4,500 - 6,500 sqft | 4 | 2 | 0 | 2 | 1 | 17 |
| $403,220 | 1,292 | 6,500 - 8,000 sqft | 3 | 2 | 24 | 4 | 4 | 3 |
| $332,500 | 1,164 | 6,500 - 8,000 sqft | 2 | 2 | 41 | 1 | 3 | 17 |