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 February 2023

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.

Housing Prices in Avondale, AZ

How much do homes in Avondale, AZ cost?

Median Sold Price

$415,000

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$10,000(-2.4%)

Key Takeaway

Homes in Avondale have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in Avondale was $415,000 in February 2024, down 2.4% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $135.2K-
N/A
2 $330K$270K
-18.2%
3 $410K$391.3K
-4.5%
4 $441.2K$429.9K
-2.5%
5+ $490K$522.9K
+6.7%

Summary: Avondale housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 6.7%.

Median Sold Price Compared To Nearby Cities

Avondale
-2.4%
Goodyear
-4.3%
Tolleson
-5.3%
Litchfield Park
-10.0%

Housing Supply in Avondale, AZ

How many homes are available in Avondale, AZ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
363353-2.8%

Summary: The Avondale real estate market had 353 homes for sale in February 2024, a 2.8% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 149148
-0.7%
4 177175
-1.1%
5+ 3327
-18.2%

Summary: The Avondale housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
6966-4.3%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Avondale, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 66 homes were sold or pending in Avondale in February 2024, down by 4.3% month-over-month. Of the 66 sold homes, 55% were sold under asking, 35% were sold at asking, and 11% 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

Feb 2023Feb 2024CHANGE
82 Days68 Days-16.3%

Summary: Homes in Avondale had an average of 68 days on market in Feb 2024, down by 16.3% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

32 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Avondale has remained consistent over time.

Summary: During February 2024, 66 homes were sold in Avondale; 27% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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