Is El Mirage, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, El Mirage has remained a Seller's Market.
Housing Prices in El Mirage, AZ
How much do homes in El Mirage, AZ cost?
Median Sold Price
$358,950
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in El Mirage was $358,950 in April 2024, down 4.3% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $312.5K | $315K | +0.8% |
3 Bedrooms | $355K | $350K | -1.4% |
4 Bedrooms | $400K | $370K | -7.5% |
5+ Bedrooms | $440K | $439.9K | 0% |
Summary: El Mirage housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.8%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes did not change.
Housing Supply in El Mirage, AZ
How many homes are available in El Mirage, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
80 | 76 | -5.0% |
Summary: The El Mirage real estate market had 76 homes for sale in April 2024, a 5.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 5 | +400.0% |
3 Bedrooms | 53 | 46 | -13.2% |
4 Bedrooms | 23 | 23 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The El Mirage housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 400%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 15 | -48.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in El Mirage in April 2024, down by 48.3% month-over-month. Of the 15 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for El Mirage, AZ
How long does it take to sell a home in El Mirage, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 62 Days | +11.7% |
Summary: Homes in El Mirage had an average of 62 days on market in Apr 2024, up by 11.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in El Mirage; 47% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.