Lawyers Title Market Report

Avondale, AZ

Single-Family Homes

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Avondale, AZ

Mon Jun 21 2021
This week the median list price for Avondale, AZ is $399,000 with the market action index hovering around 100. This is about the same as last month's market action index of 100. Inventory has increased to 33. 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 achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Avondale, AZ

Mon Jun 21 2021
This week the median list price for Avondale, AZ is $399,000 with the market action index hovering around 100. This is about the same as last month's market action index of 100. Inventory has increased to 33. 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 achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Real-Time Market Profile

Never miss important changes in the Avondale market.
Median List Price $399,000
Median Price of New Listings $369,937
Per Square Foot $187
Average Days on Market 10
Median Days on Market 0
Price Decreased 12%
Price Increased 6%
Relisted 3%
Inventory 33
Median Rent $1,900
Market Action 100
Strong Seller's Market

Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$492,950 2,958 8,000 - 10,000 sqft 4 3 23 4 1 7
$424,500 2,123 6,500 - 8,000 sqft 4 2 19 3 3 17
$379,999 1,839 6,500 - 8,000 sqft 3 2 19 5 4 0
$349,900 1,723 4,500 - 6,500 sqft 4 2 19 8 5 0