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Mesa, AZ 85205

Single-Family Homes

Here is your weekly Market Update!



Mesa, AZ 85205

Fri Jun 02 2023
This week the median list price for Mesa, AZ 85205 is $465,000 with the market action index hovering around 67. This is less than last month's market action index of 68. Inventory has decreased to 37. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Mesa, AZ 85205

Fri Jun 02 2023
This week the median list price for Mesa, AZ 85205 is $465,000 with the market action index hovering around 67. This is less than last month's market action index of 68. Inventory has decreased to 37. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $465,000
Median Price of New Listings $549,500
Per Square Foot $271
Average Days on Market 75
Median Days on Market 28
Price Decreased 41%
Price Increased 8%
Relisted 8%
Inventory 37
Median Rent
Market Action 67
Strong Seller's Market

The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.

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
$1,399,000 4,446 0.5 - 1 acre 5 3.5 19 2 1 28
$579,000 2,397 6,500 - 8,000 sqft 4 2.5 28 4 0 28
$409,999 1,524 6,500 - 8,000 sqft 3 2 52 2 3 35
$289,750 1,109 6,500 - 8,000 sqft 2 1.8 53 1 2 28