Navi Title Agency
Goodyear, AZ 85395
Single-Family Homes
Here is your weekly Market Update!
Goodyear, AZ 85395
Thu Sep 21 2023
This week the median list price for Goodyear, AZ 85395 is $634,276 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has increased to 106.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $634,276 | |
| Median Price of New Listings | $649,000 | |
| Per Square Foot | $254 | |
| Average Days on Market | 62 | |
| Median Days on Market | 42 | |
| Price Decreased | 54% | |
| Price Increased | 3% | |
| Relisted | 4% | |
| Inventory | 106 | |
| Median Rent | ||
| Market Action | 41 | |
| Slight Seller's Advantage | ||
While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $876,639 | 2,611 | 8,000 - 10,000 sqft | 3 | 3 | 3 | 3 | 6 | 49 |
| $717,450 | 2,984 | 8,000 - 10,000 sqft | 4 | 3 | 16 | 5 | 3 | 21 |
| $575,000 | 2,201 | 6,500 - 8,000 sqft | 3 | 3 | 12 | 4 | 0 | 28 |
| $449,700 | 1,686 | 4,500 - 6,500 sqft | 3 | 2 | 23 | 3 | 7 | 42 |