Navi Title Agency

Mesa, AZ 85202

Single-Family Homes

Here is your weekly Market Update!


Mesa, AZ 85202

Mon Dec 11 2023
This week the median list price for Mesa, AZ 85202 is $505,995 with the market action index hovering around 58. This is about the same as last month's market action index of 58. Inventory has decreased to 20. 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 cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Mon Dec 11 2023
This week the median list price for Mesa, AZ 85202 is $505,995 with the market action index hovering around 58. This is about the same as last month's market action index of 58. Inventory has decreased to 20. 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 cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $505,995
Median Price of New Listings $462,888
Per Square Foot $313
Average Days on Market 30
Median Days on Market 28
Price Decreased 55%
Price Increased 0%
Relisted 5%
Inventory 20
Median Rent
Market Action 58
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
$679,000 2,459 8,000 - 10,000 sqft 4 3 44 0 2 28
$549,900 1,826 6,500 - 8,000 sqft 3 2 44 2 1 14
$489,999 1,597 6,500 - 8,000 sqft 3 2 46 0 2 49
$415,000 1,348 6,500 - 8,000 sqft 3 2 49 2 0 7