Old Republic Title Market Report

Avondale, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Avondale, AZ

Wed Nov 25 2020
This week the median list price for Avondale, AZ is $328,500 with the market action index hovering around 94. This is less than last month's market action index of 95. Inventory has held steady at or around 58. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Avondale, AZ

Wed Nov 25 2020
This week the median list price for Avondale, AZ is $328,500 with the market action index hovering around 94. This is less than last month's market action index of 95. Inventory has held steady at or around 58. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Avondale market.
Median List Price $328,500
Per Square Foot $169
Days on Market 27
Price Decreased 21%
Price Increased 9%
Relisted 2%
Inventory 58
Median Rent $1,705
Most Expensive $899,000
Least Expensive $85,000
Market Action 94
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
$462,773 2,578 8,000 - 10,000 sqft 4 3 13 7 2 12
$361,990 2,127 6,500 - 8,000 sqft 3 2 18 9 4 29
$315,000 2,068 4,500 - 6,500 sqft 4 2 19 7 6 28
$249,999 1,233 4,500 - 6,500 sqft 3 2 45 6 4 39