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Avondale, AZ

Single-Family Homes

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Avondale, AZ

Thu Jan 20 2022
This week the median list price for Avondale, AZ is $448,000 with the market action index hovering around 88. This is about the same as last month's market action index of 88. Inventory has decreased to 38. 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

Thu Jan 20 2022
This week the median list price for Avondale, AZ is $448,000 with the market action index hovering around 88. This is about the same as last month's market action index of 88. Inventory has decreased to 38. 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 $448,000
Median Price of New Listings $399,450
Per Square Foot $240
Average Days on Market 31
Median Days on Market 21
Price Decreased 16%
Price Increased 8%
Relisted 3%
Inventory 38
Median Rent $2,095
Market Action 88
Strong Seller's Market

The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.

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
$619,062 2,650 6,500 - 8,000 sqft 4 3 16 1 4 56
$479,990 2,319 6,500 - 8,000 sqft 4 2.5 16 4 2 21
$409,950 1,697 6,500 - 8,000 sqft 3 2 17 7 7 10
$349,500 1,256 4,500 - 6,500 sqft 3 2 38 6 5 0