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

Thu May 09 2024
This week the median list price for Gila Bend, AZ is $270,000 with the market action index hovering around 53. This is less than last month's market action index of 58. Inventory has increased 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Gila Bend, AZ

Thu May 09 2024
This week the median list price for Gila Bend, AZ is $270,000 with the market action index hovering around 53. This is less than last month's market action index of 58. Inventory has increased 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Gila Bend market.
Median List Price $270,000
Median Price of New Listings $375,000
Per Square Foot $245
Average Days on Market 177
Median Days on Market 105
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 3
Median Rent
Market Action 53
Strong Seller's Market

This week prices bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a change in the market.

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
$375,000 1,124 N/A 1 2 25 1 0 392
$270,000 1,474 0.25 - 0.5 acre 3 2 26 0 0 105
$135,000 550 6,500 - 8,000 sqft 1 1 20 0 0 35