Is El Mirage, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$360,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in El Mirage was $360,000 in May 2024, down 2.7% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $308.5K | $318K | +3.1% |
3 Bedrooms | $352K | $352K | 0.0% |
4 Bedrooms | $395K | $370K | -6.3% |
5+ Bedrooms | $432.5K | $439.9K | +1.7% |
Summary: El Mirage housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 1.7%.
Housing Supply in El Mirage, AZ
How many homes are available in El Mirage, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
78 | 89 | +14.1% |
Summary: The El Mirage real estate market had 89 homes for sale in May 2024, a 14.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 48 | 50 | +4.2% |
4 Bedrooms | 23 | 30 | +30.4% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The El Mirage housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 27 | +58.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in El Mirage in May 2024, up by 58.8% month-over-month. Of the 27 sold homes, 33% were sold under asking, 30% were sold at asking, and 37% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
64 Days | 64 Days | -0.9% |
Summary: Homes in El Mirage had an average of 64 days on market in May 2024, down by 0.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 27 homes were sold in El Mirage; 26% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.