Home Values

Avondale Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$170,600

  • 5.4% 1-year change
  • 3.4% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Very Hot

Buyers' Market
Sellers' Market

The median home value in Avondale is $170,600. Avondale home values have gone up 5.4% over the past year and Zillow predicts they will rise 3.4% within the next year. The median list price per square foot in Avondale is $93, which is lower than the Phoenix Metro average of $129. The median price of homes currently listed in Avondale is $179,900 while the median price of homes that sold is $173,625. The median rent price in Avondale is $1,095, which is lower than the Phoenix Metro median of $1,209.

Foreclosures will be a factor impacting home values in the next several years. In Avondale 3.3 homes are foreclosed (per 10,000). This is lower than the Phoenix Metro value of 3.4 and also lower than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Avondale is 3.5%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Avondale homeowners underwater on their mortgage is 25.8%, which is higher than Phoenix Metro at 20.6%.

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Relative ZHVI
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Avondale Market Overview

Data through Feb 28, 2015
  • $170,600 ZHVI
  • 3.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $179,900 Median listing price
  • $173,625 Median sale price
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Avondale Market Health

Data through Feb 28, 2015
  • 3.1/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 25.8% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 3.5% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

3.3 homes Avondale
3.4 homes Phoenix Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Goodyear $214,600
Litchfield Park $211,800
Surprise $185,800
Name Median ZHVI
Sun City West $175,900
Glendale $164,900
El Mirage $125,100
Name Median ZHVI
Sun City $116,100
Tolleson $89,500
Youngtown $81,700

Listings & Sales

Data through Feb 28, 2015
  • $93 Median list price / sq ft
  • $91 Median sale price / sq ft
  • 14.3% Listings with price cut
20.6%
Sold below listing
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Avondale Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,102 Avondale
    $1,228 Phoenix Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,095 Rent list price
  • $0.62 Rent list price / sq ft
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