Pango Group

Gila Bend, AZ

Single-Family Homes

www.pangogroup.com


Current active inventory in Gila Bend, AZ is very low. Keep this in mind when looking at this report.

Gila Bend, AZ

Fri Jul 26 2024
This week the median list price for Gila Bend, AZ is $224,900 with the market action index hovering around 47. This is less than last month's market action index of 53. Inventory has decreased to 3. Click here to stay informed with the Gila Bend market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Gila Bend, AZ

Fri Jul 26 2024
This week the median list price for Gila Bend, AZ is $224,900 with the market action index hovering around 47. This is less than last month's market action index of 53. Inventory has decreased to 3. Click here to stay informed with the Gila Bend market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Gila Bend market.
Median List Price $224,900
Median Price of New Listings $0
Per Square Foot $176
Average Days on Market 107
Median Days on Market 112
Price Decreased 67%
Price Increased 0%
Relisted 0%
Inventory 3
Median Rent
Market Action 47
Strong Seller's Market

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$260,000 1,474 0.25 - 0.5 acre 3 2 26 0 0 182
$224,900 1,304 4,500 - 6,500 sqft 3 2 66 0 0 28
$135,000 550 6,500 - 8,000 sqft 1 1 20 0 0 112