Is Avondale, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$420,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Avondale was $420,000 in March 2024, down 1% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135.2K | - | N/A |
2 Bedrooms | $330K | $226.5K | -31.4% |
3 Bedrooms | $404.6K | $395.1K | -2.4% |
4 Bedrooms | $435.3K | $433.9K | -0.3% |
5+ Bedrooms | $493.2K | $517.9K | +5.0% |
Summary: Avondale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 31.4%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
Avondale | $424.1K | $420K | -1.0% |
Tolleson | $419.7K | $404.9K | -3.5% |
Goodyear | $499.9K | $478.9K | -4.2% |
Litchfield Park | $535.5K | $497.7K | -7.1% |
Housing Supply in Avondale, AZ
How many homes are available in Avondale, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
369 | 378 | +2.4% |
Summary: The Avondale real estate market had 378 homes for sale in March 2024, a 2.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 160 | 156 | -2.5% |
4 Bedrooms | 179 | 178 | -0.6% |
5+ Bedrooms | 27 | 42 | +55.6% |
Summary: The Avondale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
71 | 85 | +19.7% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 85 homes were sold or pending in Avondale in March 2024, up by 19.7% month-over-month. Of the 85 sold homes, 46% were sold under asking, 33% were sold at asking, and 21% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 68 Days | +7.5% |
Summary: Homes in Avondale had an average of 68 days on market in Mar 2024, up by 7.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During March 2024, 85 homes were sold in Avondale; 26% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.