Lawyers Title Market Report

Mesa, AZ 85212

Single-Family Homes

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Mesa, AZ 85212

Mon Jun 21 2021
This week the median list price for Mesa, AZ 85212 is $567,500 with the market action index hovering around 98. This is about the same as last month's market action index of 98. Inventory has increased to 22. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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 85212

Mon Jun 21 2021
This week the median list price for Mesa, AZ 85212 is $567,500 with the market action index hovering around 98. This is about the same as last month's market action index of 98. Inventory has increased to 22. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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 $567,500
Median Price of New Listings $450,000
Per Square Foot $232
Average Days on Market 13
Median Days on Market 7
Price Decreased 23%
Price Increased 14%
Relisted 5%
Inventory 22
Median Rent $2,325
Market Action 98
Strong Seller's Market

Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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
$849,900 3,649 0.25 - 0.5 acre 4 3 5 2 1 28
$599,900 2,649 0.25 - 0.5 acre 4 2 11 1 1 7
$537,500 2,212 0 - 4,500 sqft 4 2 7 2 4 10
$418,000 1,951 4,500 - 6,500 sqft 3 2 18 6 6 0