Your Localized Market Report

Avondale, AZ

Single-Family Homes

Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com



Avondale, AZ

Fri Jun 21 2024
This week the median list price for Avondale, AZ is $455,920 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has decreased to 168. 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

Fri Jun 21 2024
This week the median list price for Avondale, AZ is $455,920 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has decreased to 168. 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 $455,920
Median Price of New Listings $435,000
Per Square Foot $229
Average Days on Market 67
Median Days on Market 42
Price Decreased 48%
Price Increased 14%
Relisted 2%
Inventory 168
Median Rent
Market Action 44
Slight Seller's Advantage

The market is 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
$609,500 2,577 8,000 - 10,000 sqft 4 3 5 4 5 49
$495,000 2,238 4,500 - 6,500 sqft 4 2.8 5 6 4 42
$431,688 1,926 4,500 - 6,500 sqft 4 2.8 12 6 9 35
$389,700 1,573 4,500 - 6,500 sqft 3 2 23 7 8 28