Living in Phoenix Arizona Team

Mesa, AZ

Single-Family Homes

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Mesa, AZ

Wed May 22 2024
This week the median list price for Mesa, AZ is $569,945 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has increased to 726. 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

Wed May 22 2024
This week the median list price for Mesa, AZ is $569,945 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has increased to 726. 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 $569,945
Median Price of New Listings $499,900
Per Square Foot $276
Average Days on Market 53
Median Days on Market 35
Price Decreased 52%
Price Increased 5%
Relisted 6%
Inventory 726
Median Rent
Market Action 51
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$909,000 3,392 0.25 - 0.5 acre 4 4 10 15 18 42
$644,932 2,341 6,500 - 8,000 sqft 4 3 16 22 24 35
$499,900 1,793 6,500 - 8,000 sqft 3 2 28 43 28 21
$374,950 1,380 6,500 - 8,000 sqft 3 2 44 29 31 35