Lawyers Title Market Report

Avondale, AZ

Single-Family Homes

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Avondale, AZ

Tue May 26 2020
This week the median list price for Avondale, AZ is $285,000 with the market action index hovering around 70. This is less than last month's market action index of 75. Inventory has held steady at or around 89. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Avondale, AZ

Tue May 26 2020
This week the median list price for Avondale, AZ is $285,000 with the market action index hovering around 70. This is less than last month's market action index of 75. Inventory has held steady at or around 89. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Avondale market.
Median List Price $285,000
Per Square Foot $145
Days on Market 47
Price Decreased 28%
Price Increased 3%
Relisted 2%
Inventory 89
Median Rent $1,500
Most Expensive $605,000
Least Expensive $94,900
Market Action 70
Strong Seller's Market

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
$366,950 2,776 8,000 - 10,000 sqft 4 3 22 4 4 62
$298,729 2,094 0 - 4,500 sqft 3 2 16 4 6 48
$269,900 1,954 0 - 4,500 sqft 4 2 17 7 8 38
$235,000 1,514 0 - 4,500 sqft 3 2 22 9 7 38