The First American Title Market Report

El Mirage, AZ

Single-Family Homes

Arizona Direct Operations



El Mirage, AZ

Tue Oct 20 2020
This week the median list price for El Mirage, AZ is $254,950 with the market action index hovering around 91. This is less than last month's market action index of 94. Inventory has held steady at or around 18. 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

The market has started cooling and prices have recently plateaued. Since 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

Tue Oct 20 2020
This week the median list price for El Mirage, AZ is $254,950 with the market action index hovering around 91. This is less than last month's market action index of 94. Inventory has held steady at or around 18. 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

The market has started cooling and prices have recently plateaued. Since 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 $254,950
Per Square Foot $174
Days on Market 25
Price Decreased 6%
Price Increased 0%
Relisted 0%
Inventory 18
Median Rent $1,425
Most Expensive $450,000
Least Expensive $219,900
Market Action 91
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
$329,500 1,870 0.25 - 0.5 acre 4 2 20 3 2 3
$264,500 1,637 0 - 4,500 sqft 4 2 19 3 4 7
$250,000 1,308 0 - 4,500 sqft 3 2 16 3 1 16
$223,000 1,068 0 - 4,500 sqft 3 2 18 1 1 64