First Arizona Title's Market Report

Avondale, AZ

Single-Family Homes

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



Avondale, AZ

Fri May 27 2022
This week the median list price for Avondale, 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 70. 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.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since 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.

Avondale, AZ

Fri May 27 2022
This week the median list price for Avondale, 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 70. 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.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since 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 Avondale market.
Median List Price $497,450
Median Price of New Listings $475,000
Per Square Foot $255
Average Days on Market 13
Median Days on Market 7
Price Decreased 27%
Price Increased 4%
Relisted 3%
Inventory 70
Median Rent
Market Action 93
Strong Seller's Market

The market appears to be 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
$585,000 2,276 6,500 - 8,000 sqft 4 3 17 6 3 14
$524,990 2,124 6,500 - 8,000 sqft 4 2 20 3 1 14
$475,000 1,885 4,500 - 6,500 sqft 4 2.5 20 11 5 0
$400,000 1,491 4,500 - 6,500 sqft 3 2 22 10 6 0