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Mesa, AZ 85208

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Mesa, AZ 85208

Fri Jan 21 2022
This week the median list price for Mesa, AZ 85208 is $397,450 with the market action index hovering around 72. This is less than last month's market action index of 77. Inventory has increased to 24. Click here to stay informed with the Mesa market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Mesa, AZ 85208

Fri Jan 21 2022
This week the median list price for Mesa, AZ 85208 is $397,450 with the market action index hovering around 72. This is less than last month's market action index of 77. Inventory has increased to 24. Click here to stay informed with the Mesa market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $397,450
Median Price of New Listings $395,000
Per Square Foot $251
Average Days on Market 35
Median Days on Market 18
Price Decreased 29%
Price Increased 4%
Relisted 4%
Inventory 24
Median Rent $2,000
Market Action 72
Strong Seller's Market

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$480,500 1,922 6,500 - 8,000 sqft 3 2 29 2 3 52
$425,450 1,550 6,500 - 8,000 sqft 3 2 46 1 2 28
$395,000 1,584 6,500 - 8,000 sqft 3 2 39 4 2 0
$371,950 1,552 8,000 - 10,000 sqft 2 2 51 3 5 17