Old Republic Title's Market Report

Avondale, AZ

Single-Family Homes



Avondale, AZ

Wed Oct 04 2023
This week the median list price for Avondale, AZ is $465,000 with the market action index hovering around 61. This is an increase over last month's market action index of 60. Inventory has increased to 130. 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. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Avondale, AZ

Wed Oct 04 2023
This week the median list price for Avondale, AZ is $465,000 with the market action index hovering around 61. This is an increase over last month's market action index of 60. Inventory has increased to 130. 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. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Avondale market.
Median List Price $465,000
Median Price of New Listings $440,000
Per Square Foot $229
Average Days on Market 52
Median Days on Market 35
Price Decreased 54%
Price Increased 12%
Relisted 2%
Inventory 130
Median Rent
Market Action 61
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
$599,950 2,938 6,500 - 8,000 sqft 5 3 11 5 5 38
$487,500 2,119 6,500 - 8,000 sqft 4 3 1 3 2 56
$449,000 1,957 4,500 - 6,500 sqft 3 3 19 6 3 28
$400,000 1,632 4,500 - 6,500 sqft 3 2 21 9 3 28