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Mesa, AZ 85215

Single-Family Homes

Here is your weekly Market Update!



Mesa, AZ 85215

Mon Jun 17 2024
This week the median list price for Mesa, AZ 85215 is $627,497 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has increased to 56. 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.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Mesa, AZ 85215

Mon Jun 17 2024
This week the median list price for Mesa, AZ 85215 is $627,497 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has increased to 56. 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.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $627,497
Median Price of New Listings $597,450
Per Square Foot $307
Average Days on Market 54
Median Days on Market 42
Price Decreased 55%
Price Increased 4%
Relisted 4%
Inventory 56
Median Rent
Market Action 44
Slight Seller's Advantage

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
$1,246,500 3,711 0.25 - 0.5 acre 4 4.8 19 2 0 31
$724,475 2,489 6,500 - 8,000 sqft 4 3 20 1 1 49
$597,450 2,110 8,000 - 10,000 sqft 3 2 30 4 2 31
$490,000 1,602 4,500 - 6,500 sqft 3 2 29 5 2 52