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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ajo is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Ajo was a Seller's Market.

Key Takeaway

Ajo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Ajo, AZ

How much do homes in Ajo, AZ cost?

Median Sold Price

$130,000

$123/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$5,000(-3.7%)

Key Takeaway

Homes in Ajo have sold for 3.7% less than they did a year ago.

Summary: The median home sold price in Ajo was $130,000 in November 2024, down 3.7% from last year, and the median price per square foot was $123.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $135K-
N/A
2 $85.7K$99.6K
+16.2%
3 $138.5K$140K
+1.1%
4 $299K$225K
-24.7%
5+ --
N/A

Summary: Ajo housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 24.7%, 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

Oct 2024Nov 2024CHANGE
2328+21.7%

Summary: The Ajo real estate market had 28 homes for sale in November 2024, a 21.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1416
+14.3%
3 710
+42.9%
4 11
0.0%
5+ 00
0.0%

Summary: The Ajo housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was 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 1 homes were sold or pending in Ajo in November 2024, the same as the previous month. Of the 1 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

Nov 2023Nov 2024CHANGE
17 Days63 Days+256.6%

Summary: Homes in Ajo had an average of 63 days on market in Nov 2024, up by 256.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Ajo has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Ajo; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Ajo, AZ

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