Is Avondale, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$415,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135.2K | - | N/A |
2 Bedrooms | $330K | $270K | -18.2% |
3 Bedrooms | $410K | $391.3K | -4.5% |
4 Bedrooms | $441.2K | $429.9K | -2.5% |
5+ Bedrooms | $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 | $425K | $415K | -2.4% |
Goodyear | $500.5K | $479.1K | -4.3% |
Tolleson | $425K | $402.2K | -5.3% |
Litchfield Park | $544.6K | $489.9K | -10.0% |
Housing Supply in Avondale, AZ
How many homes are available in Avondale, AZ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
363 | 353 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 149 | 148 | -0.7% |
4 Bedrooms | 177 | 175 | -1.1% |
5+ Bedrooms | 33 | 27 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
69 | 66 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
82 Days | 68 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
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.