Old Republic Title Market Report

Avondale, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Avondale, AZ

Thu Jan 23 2020
This week the median list price for Avondale, AZ is $284,950 with the market action index hovering around 67. This is about the same as last month's market action index of 67. Inventory has held steady at or around 94. 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 started cooling and prices have been flat for several weeks. Since 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

Thu Jan 23 2020
This week the median list price for Avondale, AZ is $284,950 with the market action index hovering around 67. This is about the same as last month's market action index of 67. Inventory has held steady at or around 94. 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 started cooling and prices have been flat for several weeks. Since 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 $284,950
Per Square Foot $143
Days on Market 49
Price Decreased 31%
Price Increased 3%
Relisted 6%
Inventory 94
Median Rent $1,495
Most Expensive $679,000
Least Expensive $85,000
Market Action 67
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
$339,000 3,056 0 - 4,500 sqft 4 3 19 6 4 59
$299,000 2,223 0 - 4,500 sqft 4 2 17 6 7 62
$269,900 1,813 0 - 4,500 sqft 3 2 19 8 11 36
$232,950 1,401 0 - 4,500 sqft 3 2 21 12 14 39