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Mesa, AZ 85202

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Mesa, AZ 85202

Thu Jan 20 2022
This week the median list price for Mesa, AZ 85202 is $474,950 with the market action index hovering around 81. This is less than last month's market action index of 82. Inventory has increased to 16. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Mesa, AZ 85202

Thu Jan 20 2022
This week the median list price for Mesa, AZ 85202 is $474,950 with the market action index hovering around 81. This is less than last month's market action index of 82. Inventory has increased to 16. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $474,950
Median Price of New Listings $497,450
Per Square Foot $272
Average Days on Market 31
Median Days on Market 18
Price Decreased 19%
Price Increased 0%
Relisted 6%
Inventory 16
Median Rent $2,478
Market Action 81
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this 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
$529,000 1,990 6,500 - 8,000 sqft 4 2 49 2 2 17
$495,000 1,849 8,000 - 10,000 sqft 3 2 47 2 3 31
$457,000 1,507 6,500 - 8,000 sqft 3 2 48 1 1 17
$419,450 1,479 6,500 - 8,000 sqft 3 2 48 1 0 14