Is Apache Junction, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Apache Junction is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Apache Junction has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Apache Junction, AZ

How much do homes in Apache Junction, AZ cost?

Median Sold Price

$388,103

$265/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$1,396(-0.4%)

Key Takeaway

The sold price of homes in Apache Junction has remained the same since last year.

Summary: The median home sold price in Apache Junction was $388,103 in March 2024, down 0.4% from last year, and the median price per square foot was $265.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $161.5K$152.9K
-5.3%
2 $320K$311.5K
-2.7%
3 $395.5K$392.9K
-0.6%
4 $460K$465K
+1.1%
5+ $607K$492.7K
-18.8%

Summary: Apache Junction housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.3%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 18.8%.

Median Sold Price Compared To Nearby Cities

Mesa
0.1%
Apache Junction
-0.4%
North Pinal
-5.7%

Housing Supply in Apache Junction, AZ

How many homes are available in Apache Junction, AZ?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
183187+2.2%

Summary: The Apache Junction real estate market had 187 homes for sale in March 2024, a 2.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 109
-10.0%
2 3433
-2.9%
3 9294
+2.2%
4 3638
+5.6%
5+ 1113
+18.2%

Summary: The Apache Junction housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 18.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3848+26.3%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Apache Junction, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in Apache Junction in March 2024, up by 26.3% month-over-month. Of the 48 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.

Days on Market for Apache Junction, AZ

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

Average Sale Time

Mar 2023Mar 2024CHANGE
66 Days52 Days-21.2%

Summary: Homes in Apache Junction had an average of 52 days on market in Mar 2024, down by 21.2% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Apache Junction has remained consistent over time.

Summary: During March 2024, 48 homes were sold in Apache Junction; 29% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 15% 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 24 Days Ago

Newest Listings in Apache Junction, AZ

Nearby Markets to Apache Junction, AZ

What housing markets are near Apache Junction, AZ?