Pango Group

El Mirage, AZ

Single-Family Homes

www.pangogroup.com



El Mirage, AZ

Sun Mar 03 2024
This week the median list price for El Mirage, AZ is $374,500 with the market action index hovering around 50. This is less than last month's market action index of 51. Inventory has decreased to 32. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

El Mirage, AZ

Sun Mar 03 2024
This week the median list price for El Mirage, AZ is $374,500 with the market action index hovering around 50. This is less than last month's market action index of 51. Inventory has decreased to 32. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the El Mirage market.
Median List Price $374,500
Median Price of New Listings $445,900
Per Square Foot $253
Average Days on Market 63
Median Days on Market 28
Price Decreased 38%
Price Increased 3%
Relisted 3%
Inventory 32
Median Rent
Market Action 50
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
$459,000 2,127 6,500 - 8,000 sqft 3 3 22 4 1 28
$394,950 1,832 4,500 - 6,500 sqft 3 2 22 1 1 10
$364,800 1,363 4,500 - 6,500 sqft 3 2 24 0 1 31
$349,950 1,238 4,500 - 6,500 sqft 3 2 23 2 3 24