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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Apache Wells is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Apache Wells is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Apache Wells, AZ

How much do homes in Apache Wells, AZ cost?

Median Sold Price

$400,000

$286/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2023.

Key Takeaway

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

Summary: The median home sold price in Apache Wells was $400,000 in November 2024, the same as last year, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$190K
N/A
2 $354K$379.9K
+7.3%
3 $522K$552.5K
+5.8%
4 $625K$799.6K
+27.9%
5+ $799.3K$864.9K
+8.2%

Summary: Apache Wells 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 7.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 27.9%, and 5+ bedroom homes increased by 8.2%.

Housing Supply in Apache Wells, AZ

How many homes are available in Apache Wells, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2827-3.6%

Summary: The Apache Wells real estate market had 27 homes for sale in November 2024, a 3.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 1917
-10.5%
3 79
+28.6%
4 00
0.0%
5+ 00
0.0%

Summary: The Apache Wells housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Apache Wells, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Apache Wells in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for Apache Wells, AZ

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

Average Sale Time

Nov 2023Nov 2024CHANGE
55 Days86 Days+56.6%

Summary: Homes in Apache Wells had an average of 86 days on market in Nov 2024, up by 56.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Apache Wells; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 21 Days Ago

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