First Integrity Title Market Report

El Mirage, AZ

Single-Family Homes

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El Mirage, AZ

Tue May 28 2024
This week the median list price for El Mirage, AZ is $390,000 with the market action index hovering around 56. This is less than last month's market action index of 59. Inventory has decreased to 35. Click here to stay informed with the El Mirage market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

El Mirage, AZ

Tue May 28 2024
This week the median list price for El Mirage, AZ is $390,000 with the market action index hovering around 56. This is less than last month's market action index of 59. Inventory has decreased to 35. Click here to stay informed with the El Mirage market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the El Mirage market.
Median List Price $390,000
Median Price of New Listings $390,000
Per Square Foot $236
Average Days on Market 32
Median Days on Market 28
Price Decreased 46%
Price Increased 0%
Relisted 0%
Inventory 35
Median Rent
Market Action 56
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$442,500 2,178 6,500 - 8,000 sqft 4 3 22 0 1 42
$399,900 1,832 4,500 - 6,500 sqft 3 2 23 2 0 35
$380,000 1,524 4,500 - 6,500 sqft 4 2 23 3 1 14
$335,000 1,188 4,500 - 6,500 sqft 3 2 25 0 3 35