Is Avondale, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Avondale is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, Avondale has remained a Seller's Market.

Key Takeaway

Avondale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Avondale, AZ cost?

Median Sold Price

$368,096

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$90,439(+32.6%)

Key Takeaway

Homes in Avondale have sold for 32.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 -$87.5K
N/A
2 $194K$227.2K
+17.1%
3 $263.6K$350K
+32.8%
4 $288.5K$385K
+33.4%
5+ $340K$437.5K
+28.7%

Median Sold Price Compared To Nearby Cities

Avondale
+32.6%
Tolleson
+30.3%
Goodyear
+29.9%
Litchfield Park
+16.1%

How many homes are available in Avondale, AZ?

Number of Homes For Sale

Nov 2021Dec 2021%
288251-12.8%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 107
-30.0%
3 144129
-10.4%
4 11396
-15.0%
5+ 2119
-9.5%

Number of Homes Sold

Nov 2021Dec 2021%
115100-13.0%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

58 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Avondale, you could pay more than the asking price. 58% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
20 Days25 Days+28.8%

Breakdown of Home Sale Times

57 Homes Were Sold
Under 30 Days

43 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Avondale are selling fast, if you're buying plan to act quickly.

About Avondale, AZ

Number of homes for sale in Avondale, AZ real estate market have reached 251. The number of homes for sale in Avondale, AZ decreased by 12.8% between November 2021 and December 2021. In December 2021, listings were on the market for 25 days. During the same period, the median list price in this real estate market was $368,096. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 17.1%, prices of 3 bedrooms properties went up by 32.8%, the cost of 4 bedrooms properties went up by 33.4%, prices of 5 bedrooms properties went up by 28.7%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, number of 2 bedrooms homes decreased by 30%, volume of 3 bedrooms homes went down by 10.4%, 4 bedrooms homes inventory decreased by 15%, the quantity of 5 bedrooms homes went down by 9.5%. In December 2021, from all listings sold in Avondale, AZ there were more than 58 sold above asking price, over 19 sold below and more than 23 were sold right at the asked price.

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