Lawyers Title Market Report

Avondale, AZ 85392

Single-Family Homes

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Avondale, AZ 85392

Mon Jun 21 2021
This week the median list price for Avondale, AZ 85392 is $411,716 with the market action index hovering around 99. This is less than last month's market action index of 100. Inventory has increased to 16. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Avondale, AZ 85392

Mon Jun 21 2021
This week the median list price for Avondale, AZ 85392 is $411,716 with the market action index hovering around 99. This is less than last month's market action index of 100. Inventory has increased to 16. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Avondale market.
Median List Price $411,716
Median Price of New Listings $424,000
Per Square Foot $193
Average Days on Market 9
Median Days on Market 4
Price Decreased 13%
Price Increased 6%
Relisted 6%
Inventory 16
Median Rent $1,910
Market Action 99
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift 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
$500,000 3,216 8,000 - 10,000 sqft 5 3 25 3 1 0
$425,000 2,231 6,500 - 8,000 sqft 3 2 21 2 1 24
$389,500 1,985 8,000 - 10,000 sqft 3 2 21 1 2 7
$346,250 1,515 6,500 - 8,000 sqft 3 2 19 3 3 0