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Mesa, AZ 85208

Single-Family Homes

Here is your weekly Market Update!



Mesa, AZ 85208

Tue Jul 16 2024
This week the median list price for Mesa, AZ 85208 is $431,000 with the market action index hovering around 58. This is less than last month's market action index of 59. Inventory has increased to 44. 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 been flat for several weeks. 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 85208

Tue Jul 16 2024
This week the median list price for Mesa, AZ 85208 is $431,000 with the market action index hovering around 58. This is less than last month's market action index of 59. Inventory has increased to 44. 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 been flat for several weeks. 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 $431,000
Median Price of New Listings $399,000
Per Square Foot $269
Average Days on Market 70
Median Days on Market 21
Price Decreased 34%
Price Increased 2%
Relisted 2%
Inventory 44
Median Rent
Market Action 58
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
$499,000 1,911 6,500 - 8,000 sqft 4 2 25 1 0 21
$450,000 1,717 6,500 - 8,000 sqft 3 2 25 2 1 21
$418,999 1,596 6,500 - 8,000 sqft 3 2 36 0 1 35
$385,000 1,294 6,500 - 8,000 sqft 3 2 37 4 6 14