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Mesa, AZ 85204

Single-Family Homes

Here is your weekly Market Update!


Mesa, AZ 85204

Mon Dec 04 2023
This week the median list price for Mesa, AZ 85204 is $444,500 with the market action index hovering around 48. This is less than last month's market action index of 60. Inventory has increased to 39. 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 plateaued for a while. Despite the consistent decrease in MAI, 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 85204

Mon Dec 04 2023
This week the median list price for Mesa, AZ 85204 is $444,500 with the market action index hovering around 48. This is less than last month's market action index of 60. Inventory has increased to 39. 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 plateaued for a while. Despite the consistent decrease in MAI, 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 $444,500
Median Price of New Listings $465,000
Per Square Foot $295
Average Days on Market 44
Median Days on Market 35
Price Decreased 62%
Price Increased 3%
Relisted 5%
Inventory 39
Median Rent
Market Action 48
Strong Seller's Market

We continue to see prices in this zip code at a plateau even though prices dipped this week. Look for a persistent change in the Market Action Index (up or down) before we see prices significantly 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
$524,999 1,995 8,000 - 10,000 sqft 3 2 44 0 0 28
$465,000 1,658 6,500 - 8,000 sqft 3 2 44 2 0 31
$436,250 1,337 6,500 - 8,000 sqft 3 2 49 1 2 38
$388,500 1,333 6,500 - 8,000 sqft 2 2 42 0 3 38