First Integrity Title Market Report

Avondale, AZ

Single-Family Homes

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Avondale, AZ

Mon Jun 24 2024
This week the median list price for Avondale, AZ is $451,247 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has decreased to 164. Click here to stay informed with the Avondale market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Avondale, AZ

Mon Jun 24 2024
This week the median list price for Avondale, AZ is $451,247 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has decreased to 164. Click here to stay informed with the Avondale market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Avondale market.
Median List Price $451,247
Median Price of New Listings $425,000
Per Square Foot $232
Average Days on Market 69
Median Days on Market 42
Price Decreased 50%
Price Increased 13%
Relisted 2%
Inventory 164
Median Rent
Market Action 43
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$610,000 2,587 8,000 - 10,000 sqft 4 3 3 0 1 56
$494,990 2,207 4,500 - 6,500 sqft 4 3 7 3 3 49
$435,000 1,883 4,500 - 6,500 sqft 3 2 8 8 9 28
$389,900 1,566 4,500 - 6,500 sqft 3 2 23 6 8 21