The First American Title Market Report

Avondale, AZ

Single-Family Homes

Arizona Direct Operations



Avondale, AZ

Mon Oct 19 2020
This week the median list price for Avondale, AZ is $325,000 with the market action index hovering around 93. This is about the same as last month's market action index of 93. Inventory has held steady at or around 45. 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 started cooling and prices have been flat for several weeks. Since 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

Mon Oct 19 2020
This week the median list price for Avondale, AZ is $325,000 with the market action index hovering around 93. This is about the same as last month's market action index of 93. Inventory has held steady at or around 45. 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 started cooling and prices have been flat for several weeks. Since 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 $325,000
Per Square Foot $162
Days on Market 20
Price Decreased 16%
Price Increased 7%
Relisted 0%
Inventory 45
Median Rent $1,650
Most Expensive $750,000
Least Expensive $85,000
Market Action 93
Strong Seller's Market

The market appears to be hovering around these current levels. 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
$469,900 2,524 0.5 - 1 acre 4 3 20 5 3 20
$339,000 2,172 0 - 4,500 sqft 4 2 20 6 7 11
$295,990 2,068 0 - 4,500 sqft 4 2 19 4 9 12
$254,500 1,377 0 - 4,500 sqft 3 2 22 8 8 35