Is El Mirage, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing El Mirage is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, El Mirage has remained a Seller's Market.

Key Takeaway

El Mirage is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in El Mirage, AZ cost?

Median Sold Price

$319,816

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$79,816(+33.3%)

Key Takeaway

Homes in El Mirage have sold for 33.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $158.5K-
N/A
2 $206.4K$250K
+21.1%
3 $230.8K$306K
+32.6%
4 $252K$340K
+34.9%
5+ $299.9K$380.5K
+26.9%

Median Sold Price Compared To Nearby Cities

El Mirage
+33.3%
Surprise
+28.4%
Glendale
+26.9%
Youngtown
+20.5%

How many homes are available in El Mirage, AZ?

Number of Homes For Sale

Oct 2021Nov 2021%
129113-12.4%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 96
-33.3%
3 6357
-9.5%
4 4939
-20.4%
5+ 811
+37.5%

Number of Homes Sold

Oct 2021Nov 2021%
5444-18.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in El Mirage, you could pay more than the asking price. 65.9% of homes here sold above asking price last month.

Average Sale Time

Nov 2020Nov 2021%
16 Days16 Days+2.5%

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in El Mirage are selling fast, if you're buying plan to act quickly.

About El Mirage, AZ

There are 113 homes are for sale in El Mirage, AZ real estate market. Between October 2021 and November 2021, El Mirage, AZ real estate market has seen decrease in the number of listings by 12.4%. In November 2021 median list price was $319,816 and the average listing age was 16 days. Between October 2021 and November 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 21.1% more expensive, the cost of 3 bedrooms properties went up by 32.6%, the cost of 4 bedrooms properties went up by 34.9%, prices of 5 bedrooms properties went up by 26.9%. Volume of homes for sale changed: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 33.3%, 3 bedrooms homes became 9.5% less available, the quantity of 4 bedrooms homes went down by 20.4%, 5 bedrooms homes inventory increased by 37.5%. Over 29 listings were sold over their listed price in November 2021 in El Mirage, AZ. In the same period over 6 listings were sold below the listed price and 9 listings were sold for the listed price.

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