Lawyers Title Market Report

Mesa, AZ 85215

Single-Family Homes

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Mesa, AZ 85215

Sun May 26 2019
This week the median list price for Mesa, AZ 85215 is $369,995 with the market action index hovering around 40. This is an increase over last month's market action index of 35. Inventory has held steady at or around 74. Click here to stay informed with the Mesa market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Mesa, AZ 85215

Sun May 26 2019
This week the median list price for Mesa, AZ 85215 is $369,995 with the market action index hovering around 40. This is an increase over last month's market action index of 35. Inventory has held steady at or around 74. Click here to stay informed with the Mesa market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $369,995
Per Square Foot $182
Days on Market 107
Price Decreased 50%
Price Increased 4%
Relisted 1%
Inventory 74
Median House Rent $1,538
Most Expensive $2,200,000
Least Expensive $199,000
Market Action Index
Slight Seller's Advantage
40

Prices in this zip code seem to have settled around a 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
$1,050,000 5,480 0.5 - 1 acre 5 4 16 1 2 187
$407,200 2,458 8,000 - 10,000 sqft 4 2 25 1 3 59
$350,000 2,088 0 - 4,500 sqft 3 2 24 3 4 106
$275,000 1,500 0 - 4,500 sqft 2 2 27 5 3 78