Navi Title Agency

Avondale, AZ 85392

Single-Family Homes

Here is your weekly Market Update!



Avondale, AZ 85392

Wed Feb 21 2024
This week the median list price for Avondale, AZ 85392 is $449,999 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has increased to 64. 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.

Slight Seller's Advantage

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 85392

Wed Feb 21 2024
This week the median list price for Avondale, AZ 85392 is $449,999 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has increased to 64. 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.

Slight Seller's Advantage

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 $449,999
Median Price of New Listings $434,000
Per Square Foot $230
Average Days on Market 57
Median Days on Market 35
Price Decreased 45%
Price Increased 8%
Relisted 8%
Inventory 64
Median Rent
Market Action 43
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$554,207 2,618 6,500 - 8,000 sqft 4 3 20 1 1 42
$475,000 2,221 6,500 - 8,000 sqft 4 2 23 2 3 42
$429,879 1,860 4,500 - 6,500 sqft 3 3 23 5 3 28
$395,000 1,618 4,500 - 6,500 sqft 3 2 25 3 3 31