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Mesa, AZ 85208

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Mesa, AZ 85208

Sat Dec 03 2022
This week the median list price for Mesa, AZ 85208 is $400,000 with the market action index hovering around 39. This is an increase over last month's market action index of 37. Inventory has decreased to 79. 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.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Mesa, AZ 85208

Sat Dec 03 2022
This week the median list price for Mesa, AZ 85208 is $400,000 with the market action index hovering around 39. This is an increase over last month's market action index of 37. Inventory has decreased to 79. 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.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $400,000
Median Price of New Listings $399,000
Per Square Foot $267
Average Days on Market 72
Median Days on Market 63
Price Decreased 77%
Price Increased 4%
Relisted 6%
Inventory 79
Median Rent
Market Action 39
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$485,000 2,136 6,500 - 8,000 sqft 4 2 24 0 1 49
$419,495 1,558 4,500 - 6,500 sqft 3 2 23 1 1 66
$392,450 1,457 4,500 - 6,500 sqft 3 2 26 2 3 66
$350,000 1,252 8,000 - 10,000 sqft 2 2 39 0 4 66