Lawyers Title Market Report

Mesa, AZ 85215

Single-Family Homes

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Mesa, AZ 85215

Sat Sep 21 2019
This week the median list price for Mesa, AZ 85215 is $369,000 with the market action index hovering around 53. This is an increase over last month's market action index of 52. Inventory has held steady at or around 43. 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 so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Mesa, AZ 85215

Sat Sep 21 2019
This week the median list price for Mesa, AZ 85215 is $369,000 with the market action index hovering around 53. This is an increase over last month's market action index of 52. Inventory has held steady at or around 43. 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 so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $369,000
Per Square Foot $180
Days on Market 109
Price Decreased 42%
Price Increased 5%
Relisted 2%
Inventory 43
Median House Rent $1,650
Most Expensive $1,699,000
Least Expensive $219,000
Market Action Index
Strong Seller's Market
53

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
$929,870 5,347 0.5 - 1 acre 4 4 13 2 1 184
$645,000 3,081 0.25 - 0.5 acre 4 3 24 1 0 77
$355,000 2,068 6,500 - 8,000 sqft 3 2 23 1 0 77
$260,000 1,479 0 - 4,500 sqft 2 2 25 2 1 103