Pango Group

El Mirage, AZ

Single-Family Homes

www.pangogroup.com



El Mirage, AZ

Sun Jul 14 2024
This week the median list price for El Mirage, AZ is $384,500 with the market action index hovering around 51. This is an increase over last month's market action index of 50. Inventory has decreased to 40. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

El Mirage, AZ

Sun Jul 14 2024
This week the median list price for El Mirage, AZ is $384,500 with the market action index hovering around 51. This is an increase over last month's market action index of 50. Inventory has decreased to 40. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the El Mirage market.
Median List Price $384,500
Median Price of New Listings $364,900
Per Square Foot $242
Average Days on Market 50
Median Days on Market 46
Price Decreased 53%
Price Increased 5%
Relisted 3%
Inventory 40
Median Rent
Market Action 51
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
$434,500 2,244 4,500 - 6,500 sqft 4 3 22 1 1 56
$399,375 1,756 4,500 - 6,500 sqft 3 2 22 1 1 49
$377,000 1,520 4,500 - 6,500 sqft 3 2 22 1 1 52
$332,450 1,213 4,500 - 6,500 sqft 2 2 24 4 0 17