Lawyers Title Market Report

Avondale, AZ

Single-Family Homes

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Avondale, AZ

Fri Apr 19 2019
This week the median list price for Avondale, AZ is $257,000 with the market action index hovering around 45. This is an increase over last month's market action index of 43. Inventory has held steady at or around 200. 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 Apr 19 2019
This week the median list price for Avondale, AZ is $257,000 with the market action index hovering around 45. This is an increase over last month's market action index of 43. Inventory has held steady at or around 200. 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 $257,000
Per Square Foot $128
Days on Market 48
Price Decreased 40%
Price Increased 4%
Relisted 3%
Inventory 200
Median House Rent $1,510
Most Expensive $469,000
Least Expensive $109,900
Market Action Index
Strong Seller's Market
45

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
$324,995 2,770 8,000 - 10,000 sqft 4 2 18 6 6 63
$279,900 2,244 0 - 4,500 sqft 4 2 18 8 8 47
$239,900 1,777 0 - 4,500 sqft 4 2 17 11 12 35
$217,275 1,616 0 - 4,500 sqft 3 2 17 12 11 49