First Arizona Title's Market Report

Goodyear, AZ

Single-Family Homes

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



Goodyear, AZ

Sun Aug 01 2021
This week the median list price for Goodyear, AZ is $497,450 with the market action index hovering around 93. This is less than last month's market action index of 97. Inventory has increased to 108. 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 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.

Goodyear, AZ

Sun Aug 01 2021
This week the median list price for Goodyear, AZ is $497,450 with the market action index hovering around 93. This is less than last month's market action index of 97. Inventory has increased to 108. 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 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

Never miss important changes in the Goodyear market.
Median List Price $497,450
Median Price of New Listings $450,000
Per Square Foot $215
Average Days on Market 22
Median Days on Market 14
Price Decreased 27%
Price Increased 6%
Relisted 3%
Inventory 108
Median Rent $2,195
Market Action 93
Strong Seller's Market

The market seems to have paused around this plateau. 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
$696,000 3,423 0.25 - 0.5 acre 4 3 15 6 4 21
$549,900 2,630 8,000 - 10,000 sqft 4 2 14 7 9 14
$455,000 2,111 6,500 - 8,000 sqft 4 2 14 8 8 14
$399,000 1,803 4,500 - 6,500 sqft 3 2 17 13 16 7