Jason Penrose
Mesa, AZ
Single-Family Homes
Associate Broker
Mesa, AZ
Sun Aug 23 2026
This week the median list price for Mesa, AZ is $518,495 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 1,044.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $518,495 | |
| Median Price of New Listings | $489,900 | |
| Per Square Foot | $272 | |
| Average Days on Market | 82 | |
| Median Days on Market | 56 | |
| Price Decreased | 52% | |
| Price Increased | 2% | |
| Relisted | 6% | |
| Inventory | 1,044 | |
| Median Rent | ||
| Market Action | 39 | |
| Slight Seller's Advantage | ||
The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.
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 |
|---|---|---|---|---|---|---|---|---|
| $855,000 | 3,218 | 0.25 - 0.5 acre | 4 | 3.5 | 19 | 19 | 24 | 70 |
| $585,000 | 2,196 | 6,500 - 8,000 sqft | 4 | 2.5 | 24 | 30 | 27 | 49 |
| $465,000 | 1,712 | 6,500 - 8,000 sqft | 3 | 2 | 31 | 31 | 33 | 56 |
| $369,000 | 1,310 | 4,500 - 6,500 sqft | 3 | 2 | 43 | 31 | 39 | 56 |