Is Avondale, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Avondale has remained a Seller's Market.
Housing Prices in Avondale, AZ
How much do homes in Avondale, AZ cost?
Median Sold Price
$423,239
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Avondale was $423,239 in May 2024, up 2% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $300K | $256.5K | -14.5% |
3 Bedrooms | $399.2K | $399K | -0.1% |
4 Bedrooms | $425K | $434.9K | +2.3% |
5+ Bedrooms | $506K | $510K | +0.8% |
Summary: Avondale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.5%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
Avondale | $415K | $423.2K | +2.0% |
Litchfield Park | $509.2K | $516.6K | +1.4% |
Tolleson | $406.3K | $406.2K | 0% |
Goodyear | $489.6K | $482.6K | -1.4% |
Housing Supply in Avondale, AZ
How many homes are available in Avondale, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
402 | 396 | -1.5% |
Summary: The Avondale real estate market had 396 homes for sale in May 2024, a 1.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 173 | 172 | -0.6% |
4 Bedrooms | 186 | 182 | -2.2% |
5+ Bedrooms | 39 | 35 | -10.3% |
Summary: The Avondale housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 10.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
97 | 105 | +8.2% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 105 homes were sold or pending in Avondale in May 2024, up by 8.2% month-over-month. Of the 105 sold homes, 44% were sold under asking, 31% were sold at asking, and 25% were sold over asking.
Days on Market for Avondale, AZ
How long does it take to sell a home in Avondale, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
67 Days | 53 Days | -20.4% |
Summary: Homes in Avondale had an average of 53 days on market in May 2024, down by 20.4% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During May 2024, 105 homes were sold in Avondale; 35% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.