Is Avondale, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$422,500
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Avondale was $422,500 in April 2024, up 0.6% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $330K | $206.5K | -37.4% |
3 Bedrooms | $400K | $398K | -0.5% |
4 Bedrooms | $429.9K | $435.6K | +1.3% |
5+ Bedrooms | $500K | $513.8K | +2.8% |
Summary: Avondale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 37.4%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
Avondale | $419.8K | $422.5K | +0.6% |
Tolleson | $410.5K | $405K | -1.3% |
Goodyear | $495.5K | $480.2K | -3.1% |
Litchfield Park | $524.9K | $504.3K | -3.9% |
Housing Supply in Avondale, AZ
How many homes are available in Avondale, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
400 | 388 | -3.0% |
Summary: The Avondale real estate market had 388 homes for sale in April 2024, a 3.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 170 | 164 | -3.5% |
4 Bedrooms | 184 | 176 | -4.3% |
5+ Bedrooms | 43 | 45 | +4.7% |
Summary: The Avondale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 4.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 100 | +23.5% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 100 homes were sold or pending in Avondale in April 2024, up by 23.5% month-over-month. Of the 100 sold homes, 41% were sold under asking, 32% were sold at asking, and 27% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
64 Days | 50 Days | -20.8% |
Summary: Homes in Avondale had an average of 50 days on market in Apr 2024, down by 20.8% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
44 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 100 homes were sold in Avondale; 41% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.