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Mesa, AZ 85204
Single-Family Homes
Here is your weekly Market Update!
Mesa, AZ 85204
Thu Oct 24 2024
This week the median list price for Mesa, AZ 85204 is $450,000 with the market action index hovering around 53. This is an increase over last month's market action index of 49. Inventory has decreased to 45.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $450,000 | |
| Median Price of New Listings | $449,000 | |
| Per Square Foot | $275 | |
| Average Days on Market | 49 | |
| Median Days on Market | 28 | |
| Price Decreased | 44% | |
| Price Increased | 2% | |
| Relisted | 4% | |
| Inventory | 45 | |
| Median Rent | ||
| Market Action | 53 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $509,000 | 1,908 | 6,500 - 8,000 sqft | 4 | 3 | 44 | 2 | 1 | 63 |
| $470,000 | 1,500 | 6,500 - 8,000 sqft | 4 | 2 | 49 | 4 | 2 | 21 |
| $439,000 | 1,600 | 6,500 - 8,000 sqft | 3 | 2 | 47 | 3 | 3 | 28 |
| $357,000 | 1,283 | 4,500 - 6,500 sqft | 2 | 2 | 50 | 4 | 1 | 21 |