Clear Title Agency of Arizona

Mesa, AZ 85203

Single-Family Homes

Where Quality Finds a Home |cleartitleaz.com | 480.278.8484



Mesa, AZ 85203

Thu Jan 20 2022
This week the median list price for Mesa, AZ 85203 is $452,500 with the market action index hovering around 80. This is less than last month's market action index of 85. Inventory has decreased 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

The market has started cooling and prices have been flat for several weeks. Since 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 85203

Thu Jan 20 2022
This week the median list price for Mesa, AZ 85203 is $452,500 with the market action index hovering around 80. This is less than last month's market action index of 85. Inventory has decreased 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

The market has started cooling and prices have been flat for several weeks. Since 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 $452,500
Median Price of New Listings $375,000
Per Square Foot $266
Average Days on Market 39
Median Days on Market 35
Price Decreased 27%
Price Increased 5%
Relisted 5%
Inventory 22
Median Rent $2,430
Market Action 80
Strong Seller's Market

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices 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
$670,000 2,068 8,000 - 10,000 sqft 3 2.5 37 0 1 49
$470,000 1,822 0.25 - 0.5 acre 4 2 54 1 2 42
$448,000 1,586 8,000 - 10,000 sqft 4 2 55 0 1 35
$371,500 1,492 6,500 - 8,000 sqft 3 2 57 4 5 21