Old Republic Title Market Report

Avondale, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Avondale, AZ

Sat Jul 31 2021
This week the median list price for Avondale, AZ is $392,500 with the market action index hovering around 98. This is less than last month's market action index of 100. Inventory has increased to 50. 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 achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Avondale, AZ

Sat Jul 31 2021
This week the median list price for Avondale, AZ is $392,500 with the market action index hovering around 98. This is less than last month's market action index of 100. Inventory has increased to 50. 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 achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Real-Time Market Profile

Never miss important changes in the Avondale market.
Median List Price $392,500
Median Price of New Listings $398,900
Per Square Foot $206
Average Days on Market 13
Median Days on Market 7
Price Decreased 18%
Price Increased 4%
Relisted 0%
Inventory 50
Median Rent $1,999
Market Action 98
Strong Seller's Market

While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$489,000 2,738 8,000 - 10,000 sqft 4 2 17 5 3 7
$422,450 2,153 6,500 - 8,000 sqft 4 2 20 8 2 7
$385,000 1,896 6,500 - 8,000 sqft 3 2 17 5 5 7
$295,000 1,256 4,500 - 6,500 sqft 3 2 49 7 5 0