Lawyers Title Market Report

Avondale, AZ

Single-Family Homes

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Avondale, AZ

Wed Nov 13 2019
This week the median list price for Avondale, AZ is $282,500 with the market action index hovering around 66. This is less than last month's market action index of 67. Inventory has held steady at or around 103. 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

Wed Nov 13 2019
This week the median list price for Avondale, AZ is $282,500 with the market action index hovering around 66. This is less than last month's market action index of 67. Inventory has held steady at or around 103. 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 $282,500
Per Square Foot $139
Days on Market 42
Price Decreased 52%
Price Increased 1%
Relisted 4%
Inventory 103
Median House Rent $1,508
Most Expensive $479,900
Least Expensive $85,000
Market Action Index
Strong Seller's Market
66

The market seems to have paused around this plateau. 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
$339,900 3,150 8,000 - 10,000 sqft 4 3 16 5 5 46
$296,000 2,205 8,000 - 10,000 sqft 4 2 20 6 3 64
$265,000 1,757 0 - 4,500 sqft 3 2 18 6 6 29
$228,450 1,519 0 - 4,500 sqft 3 2 18 8 6 27