Old Republic Title Market Report

Avondale, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Avondale, AZ

Sat Sep 19 2020
This week the median list price for Avondale, AZ is $288,995 with the market action index hovering around 95. This is less than last month's market action index of 96. Inventory has held steady at or around 40. 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

Sat Sep 19 2020
This week the median list price for Avondale, AZ is $288,995 with the market action index hovering around 95. This is less than last month's market action index of 96. Inventory has held steady at or around 40. 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 $288,995
Per Square Foot $154
Days on Market 26
Price Decreased 20%
Price Increased 8%
Relisted 3%
Inventory 40
Median Rent $1,695
Most Expensive $495,000
Least Expensive $85,000
Market Action 95
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
$387,449 2,735 8,000 - 10,000 sqft 4 3 26 1 3 22
$318,500 2,212 0 - 4,500 sqft 3 2 24 7 8 18
$272,500 1,569 0 - 4,500 sqft 3 2 16 7 9 11
$222,500 1,267 0 - 4,500 sqft 3 2 57 5 7 51