Navi Title Agency

Mesa, AZ

Single-Family Homes

Here is your weekly Market Update!



Mesa, AZ

Fri Jun 02 2023
This week the median list price for Mesa, AZ is $575,000 with the market action index hovering around 59. This is an increase over last month's market action index of 58. Inventory has decreased to 394. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Mesa, AZ

Fri Jun 02 2023
This week the median list price for Mesa, AZ is $575,000 with the market action index hovering around 59. This is an increase over last month's market action index of 58. Inventory has decreased to 394. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $575,000
Median Price of New Listings $549,500
Per Square Foot $266
Average Days on Market 71
Median Days on Market 42
Price Decreased 46%
Price Increased 3%
Relisted 6%
Inventory 394
Median Rent
Market Action 59
Strong Seller's Market

Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.

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
$959,950 3,548 0.25 - 0.5 acre 5 3.5 18 16 17 35
$647,450 2,309 8,000 - 10,000 sqft 4 2.5 18 18 18 35
$524,999 2,001 6,500 - 8,000 sqft 3 2 25 25 22 42
$395,000 1,524 6,500 - 8,000 sqft 3 2 44 20 36 42