Lawyers Title Market Report

Mesa, AZ 85215

Single-Family Homes

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Mesa, AZ 85215

Mon Jun 17 2019
This week the median list price for Mesa, AZ 85215 is $359,450 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has held steady at or around 68. 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

Mon Jun 17 2019
This week the median list price for Mesa, AZ 85215 is $359,450 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has held steady at or around 68. 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 $359,450
Per Square Foot $179
Days on Market 86
Price Decreased 50%
Price Increased 6%
Relisted 4%
Inventory 68
Median House Rent $1,398
Most Expensive $1,699,000
Least Expensive $198,000
Market Action Index
Slight Seller's Advantage
42

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
$899,000 4,431 0.5 - 1 acre 5 4 16 2 0 116
$384,200 2,349 8,000 - 10,000 sqft 4 2 25 3 3 67
$339,000 1,966 6,500 - 8,000 sqft 3 2 24 3 1 68
$254,000 1,479 0 - 4,500 sqft 3 2 27 3 4 94