First Arizona Title's Market Report

Goodyear, AZ

Single-Family Homes

First Arizona Title Agency | (480) 385-6500 | www.FirstAZTitle.com



Goodyear, AZ

Sat Nov 27 2021
This week the median list price for Goodyear, AZ is $525,450 with the market action index hovering around 78. This is about the same as last month's market action index of 78. Inventory has increased to 152. Click here to stay informed with the Goodyear market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Goodyear, AZ

Sat Nov 27 2021
This week the median list price for Goodyear, AZ is $525,450 with the market action index hovering around 78. This is about the same as last month's market action index of 78. Inventory has increased to 152. Click here to stay informed with the Goodyear market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Never miss important changes in the Goodyear market.
Median List Price $525,450
Median Price of New Listings $499,900
Per Square Foot $225
Average Days on Market 36
Median Days on Market 21
Price Decreased 29%
Price Increased 13%
Relisted 5%
Inventory 152
Median Rent $2,200
Market Action 78
Strong Seller's Market

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
$699,450 3,104 0.25 - 0.5 acre 4 3.3 14 4 6 21
$567,995 2,607 6,500 - 8,000 sqft 4 2.5 15 12 7 17
$480,500 2,255 6,500 - 8,000 sqft 4 2.5 14 10 13 21
$419,000 1,860 6,500 - 8,000 sqft 3 2 14 11 12 21