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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Avondale is a neutral's market

Buyer's
Market

Difference Since January 2022

At the same time last year, Avondale was a Seller's Market.

Key Takeaway

Avondale is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Avondale, AZ cost?

Median Sold Price

$429,999

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$54,999(+14.7%)

Key Takeaway

Homes in Avondale have sold for 14.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $87.5K$135.2K
+54.5%
2 $229.9K$321.7K
+40.0%
3 $360K$411K
+14.2%
4 $391.2K$450K
+15.0%
5+ $445K$497K
+11.7%

Median Sold Price Compared To Nearby Cities

Tolleson
+19.0%
Goodyear
+17.4%
Avondale
+14.7%
Litchfield Park
+11.9%
Saint Johns
+7.4%

How many homes are available in Avondale, AZ?

Number of Homes For Sale

Dec 2022Jan 2023%
286298+4.2%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 55
0.0%
3 132141
+6.8%
4 117125
+6.8%
5+ 3227
-15.6%

Number of Homes Sold

Dec 2022Jan 2023%
5743-24.6%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

10 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. 46.5% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
28 Days86 Days+202.3%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Avondale are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About Avondale, AZ

Homes for sale in Avondale, AZ have reached 298. In January 2023 in Avondale, AZ there were 4.2% more homes for sale than in December 2022. While the average time on the market in January 2023 was 86 days, the median list price was $429,999. This housing market listing prices have changed between December 2022 and January 2023: prices of 1 bedroom properties increased by 54.5%, prices of 2 bedrooms properties went up by 40%, 3 bedrooms properties prices increased by 14.2%, the cost of 4 bedrooms properties went up by 15%, prices of 5 bedrooms properties increased by 11.7%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes remained the same, the quantity of 3 bedrooms homes went up by 6.8%, 4 bedrooms homes became 6.8% more available, 5 bedrooms homes inventory decreased by 15.6%. Avondale, AZ housing market in January 2023 saw over 10 listings sold above listed price, more than 13 sold at listed price and over 20 sold below.

Related Housing Market Reports