Old Republic Title Market Report

Avondale, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Avondale, AZ

Tue May 18 2021
This week the median list price for Avondale, AZ is $339,500 with the market action index hovering around 100. This is about the same as last month's market action index of 100. Inventory has increased to 27. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Avondale, AZ

Tue May 18 2021
This week the median list price for Avondale, AZ is $339,500 with the market action index hovering around 100. This is about the same as last month's market action index of 100. Inventory has increased to 27. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Avondale market.
Median List Price $339,500
Median Price of New Listings $329,995
Per Square Foot $188
Average Days on Market 5
Median Days on Market 0
Price Decreased 0%
Price Increased 4%
Relisted 4%
Inventory 27
Median Rent $1,850
Market Action 100
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
$422,500 2,410 4,500 - 6,500 sqft 3 2 18 3 3 3
$350,000 2,232 6,500 - 8,000 sqft 4 2 18 6 3 0
$310,000 1,644 4,500 - 6,500 sqft 3 2 20 6 5 0
$289,000 1,380 4,500 - 6,500 sqft 3 2 67 6 5 0