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 2021

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

$390,000

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$70,275(+22.0%)

Key Takeaway

Homes in El Mirage have sold for 22% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $250K$320K
+28.0%
3 $306K$370.1K
+21.0%
4 $340K$415K
+22.1%
5+ $380.5K$440K
+15.6%

Median Sold Price Compared To Nearby Cities

El Mirage
+22.0%
Glendale
+19.7%
Surprise
+18.8%
Youngtown
+17.0%

How many homes are available in El Mirage, AZ?

Number of Homes For Sale

Oct 2022Nov 2022%
113107-5.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 56
+20.0%
3 5655
-1.8%
4 4440
-9.1%
5+ 86
-25.0%

Number of Homes Sold

Oct 2022Nov 2022%
2023+15.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in El Mirage, you may be able to get a good deal. 34.8% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
16 Days52 Days+223.6%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in El Mirage has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About El Mirage, AZ

El Mirage, AZ has 107 homes on the market. Between October 2022 and November 2022, El Mirage, AZ real estate market has seen decrease in the number of listings by 5.3%. In November 2022 median list price was $390,000 and the average listing age was 52 days. This housing market listing prices have changed between October 2022 and November 2022: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 28%, prices of 3 bedrooms properties went up by 21%, 4 bedrooms properties became 22.1% more expensive, prices of 5 bedrooms properties went up by 15.6%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went up by 20%, the quantity of 3 bedrooms homes went down by 1.8%, 4 bedrooms homes became 9.1% less available, 5 bedrooms homes became 25% less available. Over 8 listings were sold over their listed price in November 2022 in El Mirage, AZ. In the same period over 8 listings were sold below the listed price and 7 listings were sold for the listed price.

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