Old Republic Title Market Report

Avondale, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Avondale, AZ

Wed Oct 23 2019
This week the median list price for Avondale, AZ is $283,900 with the market action index hovering around 67. This is an increase over last month's market action index of 64. Inventory has held steady at or around 101. 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

Wed Oct 23 2019
This week the median list price for Avondale, AZ is $283,900 with the market action index hovering around 67. This is an increase over last month's market action index of 64. Inventory has held steady at or around 101. 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 $283,900
Per Square Foot $137
Days on Market 45
Price Decreased 46%
Price Increased 4%
Relisted 4%
Inventory 101
Median House Rent $1,510
Most Expensive $479,900
Least Expensive $85,000
Market Action Index
Strong Seller's Market
67

The market seems to have paused around its high point. 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
$345,000 3,150 8,000 - 10,000 sqft 4 3 19 6 2 37
$299,000 2,370 8,000 - 10,000 sqft 4 3 18 4 3 73
$265,000 1,897 0 - 4,500 sqft 4 2 17 9 7 39
$227,000 1,444 0 - 4,500 sqft 3 2 18 12 10 31