Pango Group

Avondale, AZ

Single-Family Homes

www.pangogroup.com



Avondale, AZ

Sun Mar 03 2024
This week the median list price for Avondale, AZ is $454,995 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has increased to 182. 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

Sun Mar 03 2024
This week the median list price for Avondale, AZ is $454,995 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has increased to 182. 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 $454,995
Median Price of New Listings $464,900
Per Square Foot $231
Average Days on Market 69
Median Days on Market 42
Price Decreased 50%
Price Increased 12%
Relisted 10%
Inventory 182
Median Rent
Market Action 51
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
$572,409 2,390 6,500 - 8,000 sqft 4 3 2 6 4 63
$475,000 2,189 4,500 - 6,500 sqft 4 3 3 8 3 35
$439,000 1,940 6,500 - 8,000 sqft 4 3 5 4 7 24
$395,000 1,618 4,500 - 6,500 sqft 3 2 22 10 12 45