Lawyers Title Market Report

Apache Junction, AZ

Single-Family Homes

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Apache Junction, AZ

Mon Jun 21 2021
This week the median list price for Apache Junction, AZ is $387,450 with the market action index hovering around 88. This is an increase over last month's market action index of 87. Inventory has increased to 34. Click here to stay informed with the Apache Junction market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Apache Junction, AZ

Mon Jun 21 2021
This week the median list price for Apache Junction, AZ is $387,450 with the market action index hovering around 88. This is an increase over last month's market action index of 87. Inventory has increased to 34. Click here to stay informed with the Apache Junction market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Apache Junction market.
Median List Price $387,450
Median Price of New Listings $369,450
Per Square Foot $237
Average Days on Market 42
Median Days on Market 25
Price Decreased 41%
Price Increased 6%
Relisted 3%
Inventory 34
Median Rent $2,050
Market Action 88
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

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
$811,500 2,865 1 - 2.5 acres 3 3 9 0 1 73
$419,450 2,077 1 - 2.5 acres 3 2 37 3 3 24
$369,000 1,474 6,500 - 8,000 sqft 3 2 22 5 3 0
$255,000 1,130 0.5 - 1 acre 2 2 48 2 2 35