Lawyers Title Market Report

Mesa, AZ 85215

Single-Family Homes

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Mesa, AZ 85215

Mon Jun 21 2021
This week the median list price for Mesa, AZ 85215 is $500,000 with the market action index hovering around 87. This is less than last month's market action index of 89. Inventory has decreased to 12. 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

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 21 2021
This week the median list price for Mesa, AZ 85215 is $500,000 with the market action index hovering around 87. This is less than last month's market action index of 89. Inventory has decreased to 12. 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

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 $500,000
Median Price of New Listings $744,500
Per Square Foot $231
Average Days on Market 27
Median Days on Market 25
Price Decreased 17%
Price Increased 25%
Relisted 8%
Inventory 12
Median Rent $2,000
Market Action 87
Strong Seller's Market

Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move 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
$1,049,000 4,796 0.5 - 1 acre 4 4 25 2 2 0
$567,900 2,691 0.25 - 0.5 acre 4 2 24 0 1 28
$474,000 2,445 6,500 - 8,000 sqft 3 2 29 1 0 7
$358,000 1,878 6,500 - 8,000 sqft 3 2 29 1 1 28