Lawyers Title Market Report

Avondale, AZ

Single-Family Homes

Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600



Avondale, AZ

Fri Aug 23 2019
This week the median list price for Avondale, AZ is $279,900 with the market action index hovering around 56. This is an increase over last month's market action index of 53. Inventory has held steady at or around 124. Click here to stay informed with the Avondale market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Avondale, AZ

Fri Aug 23 2019
This week the median list price for Avondale, AZ is $279,900 with the market action index hovering around 56. This is an increase over last month's market action index of 53. Inventory has held steady at or around 124. Click here to stay informed with the Avondale market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Avondale market.
Median List Price $279,900
Per Square Foot $133
Days on Market 53
Price Decreased 40%
Price Increased 5%
Relisted 3%
Inventory 124
Median House Rent $1,500
Most Expensive $499,900
Least Expensive $119,900
Market Action Index
Strong Seller's Market
56

Prices appear to be hovering around their high point. Look for a persistent down-shift 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
$328,000 2,743 8,000 - 10,000 sqft 4 2 20 5 2 53
$295,900 2,398 6,500 - 8,000 sqft 4 2 18 6 6 66
$261,000 1,961 4,500 - 6,500 sqft 3 2 18 9 8 55
$230,000 1,532 4,500 - 6,500 sqft 3 2 18 7 10 38