Old Republic Title Market Report
Goodyear, AZ
Single-Family Homes
www.ortc.com | 602-631-3755
Goodyear, AZ
Wed Oct 23 2019
This week the median list price for Goodyear, AZ is $347,048 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has held steady at or around 425.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $347,048 | |
| Per Square Foot | $154 | |
| Days on Market | 68 | |
| Price Decreased | 43% | |
| Price Increased | 5% | |
| Relisted | 5% | |
| Inventory | 425 | |
| Median House Rent | $1,650 | |
| Most Expensive | $975,000 | |
| Least Expensive | $205,000 | |
| Market Action Index Slight Seller's Advantage | 41 |
Prices appear to be hovering around their high point. 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 |
|---|---|---|---|---|---|---|---|---|
| $508,997 | 2,966 | 0.25 - 0.5 acre | 4 | 3 | 11 | 9 | 6 | 88 |
| $384,875 | 2,492 | 8,000 - 10,000 sqft | 3 | 2 | 13 | 9 | 7 | 69 |
| $315,000 | 2,224 | 0 - 4,500 sqft | 3 | 2 | 9 | 19 | 11 | 64 |
| $260,000 | 1,716 | 0 - 4,500 sqft | 3 | 2 | 15 | 25 | 13 | 52 |