Lawyers Title Market Report
Avondale, AZ 85323
Single-Family Homes
Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600
Avondale, AZ 85323
Mon Jun 21 2021
This week the median list price for Avondale, AZ 85323 is $390,000 with the market action index hovering around 99. This is less than last month's market action index of 100. Inventory has increased to 17.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $390,000 | |
| Median Price of New Listings | $362,500 | |
| Per Square Foot | $187 | |
| Average Days on Market | 12 | |
| Median Days on Market | 0 | |
| Price Decreased | 12% | |
| Price Increased | 6% | |
| Relisted | 0% | |
| Inventory | 17 | |
| Median Rent | $1,900 | |
| Market Action | 99 | |
| Strong Seller's Market | ||
You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. 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 |
|---|---|---|---|---|---|---|---|---|
| $472,900 | 2,712 | 6,500 - 8,000 sqft | 4 | 3 | 17 | 2 | 0 | 7 |
| $412,000 | 2,109 | 6,500 - 8,000 sqft | 4 | 2 | 18 | 1 | 2 | 7 |
| $374,949 | 1,776 | 6,500 - 8,000 sqft | 4 | 2 | 18 | 3 | 1 | 0 |
| $349,900 | 1,925 | 4,500 - 6,500 sqft | 4 | 2 | 16 | 5 | 3 | 0 |