Old Republic Title Market Report

Goodyear, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Goodyear, AZ

Tue Sep 28 2021
This week the median list price for Goodyear, AZ is $508,950 with the market action index hovering around 79. This is less than last month's market action index of 86. Inventory has increased to 152. Click here to stay informed with the Goodyear 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.

Goodyear, AZ

Tue Sep 28 2021
This week the median list price for Goodyear, AZ is $508,950 with the market action index hovering around 79. This is less than last month's market action index of 86. Inventory has increased to 152. Click here to stay informed with the Goodyear 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 Goodyear market.
Median List Price $508,950
Median Price of New Listings $465,000
Per Square Foot $220
Average Days on Market 30
Median Days on Market 14
Price Decreased 40%
Price Increased 6%
Relisted 5%
Inventory 152
Median Rent $2,200
Market Action 79
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
$692,450 3,134 0.25 - 0.5 acre 4 3 12 8 5 21
$557,500 2,557 8,000 - 10,000 sqft 4 3 14 10 6 24
$462,000 2,156 6,500 - 8,000 sqft 3 2 14 5 11 14
$406,230 1,677 6,500 - 8,000 sqft 3 2 19 20 18 3