First American Title Market Report

El Mirage, AZ

Single-Family Homes



El Mirage, AZ

Wed Oct 09 2024
This week the median list price for El Mirage, AZ is $375,000 with the market action index hovering around 44. This is less than last month's market action index of 46. Inventory has decreased to 47. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

El Mirage, AZ

Wed Oct 09 2024
This week the median list price for El Mirage, AZ is $375,000 with the market action index hovering around 44. This is less than last month's market action index of 46. Inventory has decreased to 47. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 El Mirage market.
Median List Price $375,000
Median Price of New Listings $347,450
Per Square Foot $254
Average Days on Market 59
Median Days on Market 35
Price Decreased 53%
Price Increased 0%
Relisted 2%
Inventory 47
Median Rent
Market Action 44
Slight Seller's Advantage

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
$418,500 2,191 4,500 - 6,500 sqft 4 3 21 0 1 42
$383,950 1,532 4,500 - 6,500 sqft 4 2 22 1 1 38
$367,450 1,407 4,500 - 6,500 sqft 3 2 22 1 5 42
$332,200 1,215 4,500 - 6,500 sqft 3 2 23 4 3 21