Old Republic Title Market Report

Avondale, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Avondale, AZ

Sun Apr 05 2020
This week the median list price for Avondale, AZ is $282,000 with the market action index hovering around 84. This is an increase over last month's market action index of 81. Inventory has held steady at or around 87. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Avondale, AZ

Sun Apr 05 2020
This week the median list price for Avondale, AZ is $282,000 with the market action index hovering around 84. This is an increase over last month's market action index of 81. Inventory has held steady at or around 87. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Avondale market.
Median List Price $282,000
Per Square Foot $147
Days on Market 40
Price Decreased 25%
Price Increased 6%
Relisted 2%
Inventory 87
Median Rent $1,595
Most Expensive $479,900
Least Expensive $134,900
Market Action 84
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
$345,938 2,434 8,000 - 10,000 sqft 4 2 21 7 4 58
$290,500 2,038 0 - 4,500 sqft 3 2 14 12 7 35
$266,000 1,801 0 - 4,500 sqft 3 2 19 6 3 25
$235,000 1,422 0 - 4,500 sqft 3 2 21 11 7 40