Your Localized Market Report

Apache Junction, AZ 85119

Single-Family Homes

Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com



Apache Junction, AZ 85119

Fri Mar 29 2024
This week the median list price for Apache Junction, AZ 85119 is $479,990 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has increased to 47. 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 85119

Fri Mar 29 2024
This week the median list price for Apache Junction, AZ 85119 is $479,990 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has increased to 47. 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 $479,990
Median Price of New Listings $415,540
Per Square Foot $297
Average Days on Market 70
Median Days on Market 28
Price Decreased 43%
Price Increased 11%
Relisted 9%
Inventory 47
Median Rent
Market Action 49
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,195,000 2,720 1 - 2.5 acres 4 4 1 0 0 77
$824,950 2,374 1 - 2.5 acres 3 2 4 5 1 45
$431,110 1,789 4,500 - 6,500 sqft 3 2.5 0 1 0 21
$377,450 1,324 4,500 - 6,500 sqft 3 2 23 5 3 10