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Mesa, AZ 85201

Single-Family Homes

Here is your weekly Market Update!



Mesa, AZ 85201

Tue Jul 16 2024
This week the median list price for Mesa, AZ 85201 is $438,575 with the market action index hovering around 57. This is about the same as last month's market action index of 57. Inventory has increased to 34. 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 been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Mesa, AZ 85201

Tue Jul 16 2024
This week the median list price for Mesa, AZ 85201 is $438,575 with the market action index hovering around 57. This is about the same as last month's market action index of 57. Inventory has increased to 34. 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 been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $438,575
Median Price of New Listings $411,450
Per Square Foot $322
Average Days on Market 37
Median Days on Market 28
Price Decreased 47%
Price Increased 0%
Relisted 9%
Inventory 34
Median Rent
Market Action 57
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$499,925 1,638 8,000 - 10,000 sqft 3 2.5 74 1 0 38
$452,500 1,415 6,500 - 8,000 sqft 3 2 50 1 1 31
$425,000 1,461 6,500 - 8,000 sqft 4 2 55 2 0 28
$389,900 1,145 4,500 - 6,500 sqft 3 2 60 2 2 7