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

Housing Market Conditions



Gauge showing El Mirage is a seller'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



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

# BEDSNov 2022Nov 2023CHANGE
1 --
2 $320K$312.5K
3 $370.7K$342.5K
4 $415K$370K
5+ $440K$410K

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%.

Median Sold Price Compared To Nearby Cities

El Mirage

Housing Supply in El Mirage, AZ

How many homes are available in El Mirage, AZ?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

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

# BEDSOct 2023Nov 2023CHANGE
1 00
2 43
3 3939
4 2023
5+ 46

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 2023Nov 2023CHANGE

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 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. 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 2022Nov 2023CHANGE
52 Days51 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

Breakdown of Home Sale Times

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.

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

Report Updated 3 Days Ago

Newest Listings in El Mirage, AZ

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