Lawyers Title Market Report

Mesa, AZ 85215

Single-Family Homes

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Mesa, AZ 85215

Fri Dec 13 2019
This week the median list price for Mesa, AZ 85215 is $400,000 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has held steady at or around 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 85215

Fri Dec 13 2019
This week the median list price for Mesa, AZ 85215 is $400,000 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has held steady at or around 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $400,000
Per Square Foot $178
Days on Market 122
Price Decreased 35%
Price Increased 8%
Relisted 3%
Inventory 37
Median Rent $1,790
Most Expensive $1,299,500
Least Expensive $225,000
Market Action 54
Strong Seller's Market

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
$865,000 4,455 0.5 - 1 acre 4 4 16 0 1 199
$679,000 3,234 0.25 - 0.5 acre 4 3 25 0 0 69
$379,900 2,175 0 - 4,500 sqft 3 2 23 3 2 83
$281,250 1,545 0 - 4,500 sqft 2 2 26 1 2 136