First Integrity Title Market Report
Goodyear, AZ
Condos/Townhomes
www.FirstIntegrityTitle.com | 888-636-0372
Goodyear, AZ
Mon Dec 02 2024
This week the median list price for Goodyear, AZ is $445,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has decreased to 19.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.
Real-Time Market Profile
| Median List Price | $445,000 | |
| Median Price of New Listings | $549,000 | |
| Per Square Foot | $286 | |
| Average Days on Market | 106 | |
| Median Days on Market | 84 | |
| Price Decreased | 47% | |
| Price Increased | 0% | |
| Relisted | 5% | |
| Inventory | 19 | |
| Median Rent | ||
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. The Market Action Index is a good leading indicator for the durability of this trend.
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 |
|---|---|---|---|---|---|---|---|---|
| $620,700 | 1,842 | 0 - 4,500 sqft | 2 | 3 | 4 | 0 | 0 | 38 |
| $525,000 | 1,820 | 0 - 4,500 sqft | 2 | 3 | 4 | 1 | 0 | 49 |
| $419,000 | 1,499 | 0 - 4,500 sqft | 2 | 2 | 7 | 0 | 1 | 133 |
| $315,000 | 1,329 | 0 - 4,500 sqft | 2 | 2 | 4 | 0 | 0 | 84 |