Navi Title Agency

Mesa, AZ 85215

Single-Family Homes

Here is your weekly Market Update!


Mesa, AZ 85215

Fri Jul 26 2024
This week the median list price for Mesa, AZ 85215 is $627,500 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has decreased to 52. 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 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 85215

Fri Jul 26 2024
This week the median list price for Mesa, AZ 85215 is $627,500 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has decreased to 52. 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 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 $627,500
Median Price of New Listings $484,500
Per Square Foot $307
Average Days on Market 60
Median Days on Market 46
Price Decreased 50%
Price Increased 2%
Relisted 4%
Inventory 52
Median Rent
Market Action 41
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$1,150,000 3,485 0.25 - 0.5 acre 4 4 22 0 1 56
$689,900 2,350 8,000 - 10,000 sqft 4 3 23 1 2 28
$579,900 1,868 6,500 - 8,000 sqft 3 2 29 0 3 42
$475,000 1,595 4,500 - 6,500 sqft 3 2 29 3 2 35