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Avondale, AZ 85392

Single-Family Homes

Here is your weekly Market Update!



Avondale, AZ 85392

Mon Dec 02 2024
This week the median list price for Avondale, AZ 85392 is $445,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has increased to 105. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Avondale, AZ 85392

Mon Dec 02 2024
This week the median list price for Avondale, AZ 85392 is $445,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has increased to 105. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Avondale market.
Median List Price $445,000
Median Price of New Listings $450,000
Per Square Foot $230
Average Days on Market 62
Median Days on Market 49
Price Decreased 46%
Price Increased 10%
Relisted 6%
Inventory 105
Median Rent
Market Action 37
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
$625,615 2,621 8,000 - 10,000 sqft 4 3 18 4 0 52
$478,075 2,216 6,500 - 8,000 sqft 4 2 23 4 3 56
$416,400 1,841 4,500 - 6,500 sqft 3 2 23 4 3 66
$385,000 1,549 4,500 - 6,500 sqft 3 2 25 3 0 28