Navi Title Agency

Avondale, AZ 85323

Single-Family Homes

Here is your weekly Market Update!



Avondale, AZ 85323

Thu Feb 29 2024
This week the median list price for Avondale, AZ 85323 is $454,947 with the market action index hovering around 53. This is less than last month's market action index of 56. Inventory has increased to 112. 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 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.

Avondale, AZ 85323

Thu Feb 29 2024
This week the median list price for Avondale, AZ 85323 is $454,947 with the market action index hovering around 53. This is less than last month's market action index of 56. Inventory has increased to 112. 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 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 Avondale market.
Median List Price $454,947
Median Price of New Listings $452,450
Per Square Foot $231
Average Days on Market 81
Median Days on Market 49
Price Decreased 57%
Price Increased 15%
Relisted 13%
Inventory 112
Median Rent
Market Action 53
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift 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
$571,204 2,349 6,500 - 8,000 sqft 3 3 2 3 3 112
$472,129 2,090 4,500 - 6,500 sqft 4 3 1 3 2 52
$442,495 1,926 6,500 - 8,000 sqft 4 2 1 3 6 21
$387,500 1,581 4,500 - 6,500 sqft 3 2 21 5 6 49