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

Sun Apr 14 2024
This week the median list price for Gila Bend, AZ is $275,000 with the market action index hovering around 58. This is an increase over last month's market action index of 52. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Gila Bend, AZ

Sun Apr 14 2024
This week the median list price for Gila Bend, AZ is $275,000 with the market action index hovering around 58. This is an increase over last month's market action index of 52. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Gila Bend market.
Median List Price $275,000
Median Price of New Listings $360,000
Per Square Foot $186
Average Days on Market 124
Median Days on Market 84
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 3
Median Rent
Market Action 58
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$445,000 2,700 1 - 2.5 acres 6 4 108 1 0 273
$275,000 1,474 0.25 - 0.5 acre 3 2 26 1 0 84
$135,000 550 6,500 - 8,000 sqft 1 1 20 0 0 14