Navi Title Agency

Mesa, AZ 85203

Single-Family Homes

Here is your weekly Market Update!



Mesa, AZ 85203

Wed Feb 21 2024
This week the median list price for Mesa, AZ 85203 is $514,995 with the market action index hovering around 63. This is an increase over last month's market action index of 58. Inventory has decreased to 15. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Mesa, AZ 85203

Wed Feb 21 2024
This week the median list price for Mesa, AZ 85203 is $514,995 with the market action index hovering around 63. This is an increase over last month's market action index of 58. Inventory has decreased to 15. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $514,995
Median Price of New Listings $549,990
Per Square Foot $294
Average Days on Market 54
Median Days on Market 21
Price Decreased 47%
Price Increased 0%
Relisted 0%
Inventory 15
Median Rent
Market Action 63
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,200,000 4,409 0.25 - 0.5 acre 5 4 27 2 1 0
$557,495 2,165 8,000 - 10,000 sqft 4 2 48 1 2 17
$469,900 1,524 8,000 - 10,000 sqft 3 2 43 1 1 126
$367,500 1,179 4,500 - 6,500 sqft 2 1 72 1 3 35