Is El Mirage, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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.
Housing Prices in El Mirage, AZ
How much do homes in El Mirage, AZ cost?
Median Sold Price
$350,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in El Mirage have sold for 10.3% less than they did a year ago.
Summary: The median home sold price in El Mirage was $350,000 in November 2023, down 10.3% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320K | $312.5K | -2.3% |
| 3 Bedrooms | $370.7K | $342.5K | -7.6% |
| 4 Bedrooms | $415K | $370K | -10.8% |
| 5+ Bedrooms | $440K | $410K | -6.8% |
Summary: El Mirage housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 6.8%.
Housing Supply in El Mirage, AZ
How many homes are available in El Mirage, AZ?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 67 | 71 | +6.0% |
Summary: The El Mirage real estate market had 71 homes for sale in November 2023, a 6.0% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 39 | 39 | 0.0% |
| 4 Bedrooms | 20 | 23 | +15.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The El Mirage housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in El Mirage, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in El Mirage in November 2023, down by 10.5% month-over-month. Of the 17 sold homes, 41% were sold under asking, 24% were sold at asking, and 35% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 52 Days | 51 Days | -3.0% |
Summary: Homes in El Mirage had an average of 51 days on market in Nov 2023, down by 3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in El Mirage are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 17 homes were sold in El Mirage; 41% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2023 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.