First Integrity Title Market Report

El Mirage, AZ

Single-Family Homes

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El Mirage, AZ

Wed Dec 04 2024
This week the median list price for El Mirage, AZ is $374,900 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has increased to 49. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Wed Dec 04 2024
This week the median list price for El Mirage, AZ is $374,900 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has increased to 49. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $374,900
Median Price of New Listings $355,000
Per Square Foot $246
Average Days on Market 66
Median Days on Market 49
Price Decreased 51%
Price Increased 0%
Relisted 4%
Inventory 49
Median Rent
Market Action 43
Slight Seller's Advantage

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
$432,500 2,040 4,500 - 6,500 sqft 4 3 21 2 0 59
$382,500 1,529 4,500 - 6,500 sqft 3 2 23 0 1 94
$369,949 1,527 4,500 - 6,500 sqft 4 2 22 0 0 35
$339,500 1,229 4,500 - 6,500 sqft 3 2 23 3 3 49