Is Ajo, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ajo is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Ajo has remained a Seller's Market.

Key Takeaway

Ajo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ajo, AZ

How much do homes in Ajo, AZ cost?

Median Sold Price

$120,000

$133/sqft

Based on all homes sold in January 2024.

Difference Since Last Month

+$11,000(+10.1%)

Key Takeaway

Homes in Ajo have sold for 10.1% more than they did a month ago.

Summary: The median home sold price in Ajo was $120,000 in January 2024, up 10.1% from last month, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 --
N/A
2 $98K$98.5K
0.5%
3 $120K$158K
+31.7%
4 --
N/A
5+ --
N/A

Summary: Ajo housing prices by bedroom type for January 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 31.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Ajo, AZ

How many homes are available in Ajo, AZ?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
1012+20.0%

Summary: The Ajo real estate market had 12 homes for sale in January 2024, a 20.0% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 36
+100.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Ajo housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ajo, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Ajo in January 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Ajo, AZ

How long does it take to sell a home in Ajo, AZ?

Average Sale Time

Dec 2023Jan 2024CHANGE
37 Days91 Days+145.9%

Summary: Homes in Ajo had an average of 91 days on market in Jan 2024, up by 145.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Ajo are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2024, 3 homes were sold in Ajo; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

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