Clear Title Agency of Arizona
Apache Junction, AZ
Single-Family Homes
Where Quality Finds a Home |cleartitleaz.com | 480.278.8484
Apache Junction, AZ
Thu Jan 20 2022
This week the median list price for Apache Junction, AZ is $411,500 with the market action index hovering around 73. This is less than last month's market action index of 74. Inventory has increased to 30.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
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.
Real-Time Market Profile
| Median List Price | $411,500 | |
| Median Price of New Listings | $369,900 | |
| Per Square Foot | $273 | |
| Average Days on Market | 48 | |
| Median Days on Market | 21 | |
| Price Decreased | 37% | |
| Price Increased | 3% | |
| Relisted | 0% | |
| Inventory | 30 | |
| Median Rent | $1,900 | |
| Market Action | 73 | |
| Strong Seller's Market | ||
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $740,000 | 2,329 | 1 - 2.5 acres | 3 | 3 | 21 | 2 | 0 | 35 |
| $450,000 | 1,579 | 0.5 - 1 acre | 3 | 2 | 36 | 2 | 1 | 21 |
| $392,500 | 1,528 | 8,000 - 10,000 sqft | 3 | 2 | 34 | 1 | 2 | 42 |
| $306,500 | 1,174 | 4,500 - 6,500 sqft | 2 | 2 | 43 | 4 | 1 | 10 |