Lawyers Title Market Report

Mesa, AZ 85203

Single-Family Homes

Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600



Mesa, AZ 85203

Mon Jun 21 2021
This week the median list price for Mesa, AZ 85203 is $422,495 with the market action index hovering around 94. This is less than last month's market action index of 96. 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

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 85203

Mon Jun 21 2021
This week the median list price for Mesa, AZ 85203 is $422,495 with the market action index hovering around 94. This is less than last month's market action index of 96. 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

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 $422,495
Median Price of New Listings $429,990
Per Square Foot $221
Average Days on Market 18
Median Days on Market 7
Price Decreased 6%
Price Increased 6%
Relisted 0%
Inventory 16
Median Rent $1,772
Market Action 94
Strong Seller's Market

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
$812,500 4,203 0.5 - 1 acre 4 3 39 2 0 42
$499,900 2,053 0.25 - 0.5 acre 3 2 55 3 2 0
$402,500 1,946 8,000 - 10,000 sqft 4 2 57 1 0 7
$335,000 1,419 4,500 - 6,500 sqft 3 2 60 3 2 14