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Wednesday, November 6, 2024

El Mirage home prices rise in the fourth quarter of 2017

Realestate1

The median sale price of a home sold in the fourth quarter of 2017 in El Mirage rose by $15,100 while total sales increased by 20.5%, according to BlockShopper.com.

From October through December of 2017, there were 212 homes sold, with a median sale price of $180,000 - a 9.2% increase over the $164,900 median sale price for the same period of the previous year. There were 176 homes sold in El Mirage in the fourth quarter of 2016.

The median sales tax in El Mirage for 2017 was $893. In 2016, the median sales tax was $869. This marks an increase of 2.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.5%.

The following table compares El Mirage to other Maricopa County cities with similar median sales prices in the fourth quarter of 2017:

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Glendale9579431.5%$210,000$194,5008%
Wickenburg (unincorporated) 880%$205,000$234,375-12.5%
Buckeye60144435.4%$199,990$189,9505.3%
Glendale (unincorporated) 16160%$197,000$157,00025.5%
Surprise (unincorporated) 181520%$187,450$273,000-31.3%
El Mirage21217620.5%$180,000$164,9009.2%
Mesa (unincorporated) 20917122.2%$180,000$162,00011.1%
Sun City (unincorporated) 647662-2.3%$165,000$145,00013.8%
Uninc-85207/Apache Junction40-$165,000$0-
Tolleson68-25%$164,250$148,00011%
Uninc-85249/Chandler South Central27-71.4%$162,500$549,000-70.4%

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