Old Republic Title Market Report

Avondale, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Avondale, AZ

Sat Jul 11 2020
This week the median list price for Avondale, AZ is $295,000 with the market action index hovering around 78. This is an increase over last month's market action index of 71. Inventory has held steady at or around 31. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Avondale, AZ

Sat Jul 11 2020
This week the median list price for Avondale, AZ is $295,000 with the market action index hovering around 78. This is an increase over last month's market action index of 71. Inventory has held steady at or around 31. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Avondale market.
Median List Price $295,000
Per Square Foot $146
Days on Market 40
Price Decreased 23%
Price Increased 6%
Relisted 3%
Inventory 31
Median Rent $1,550
Most Expensive $599,000
Least Expensive $69,000
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
$399,999 2,778 8,000 - 10,000 sqft 4 3 29 2 4 56
$322,500 2,613 0 - 4,500 sqft 4 2 20 4 8 9
$282,450 1,885 0 - 4,500 sqft 3 2 17 4 8 62
$227,500 1,569 0 - 4,500 sqft 3 2 42 5 8 34