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Mesa, AZ 85203

Single-Family Homes

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Mesa, AZ 85203

Sat Dec 03 2022
This week the median list price for Mesa, AZ 85203 is $492,450 with the market action index hovering around 43. This is less than last month's market action index of 49. Inventory has decreased to 44. 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 85203

Sat Dec 03 2022
This week the median list price for Mesa, AZ 85203 is $492,450 with the market action index hovering around 43. This is less than last month's market action index of 49. Inventory has decreased to 44. 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 $492,450
Median Price of New Listings $457,450
Per Square Foot $253
Average Days on Market 59
Median Days on Market 46
Price Decreased 66%
Price Increased 0%
Relisted 7%
Inventory 44
Median Rent
Market Action 43
Slight Seller's Advantage

Prices in this zip code seem to have settled around a 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
$1,050,000 3,800 0.5 - 1 acre 4 3 35 1 1 35
$524,900 2,166 8,000 - 10,000 sqft 3 2 43 0 2 63
$460,000 1,896 8,000 - 10,000 sqft 3 2 48 2 1 70
$389,000 1,584 8,000 - 10,000 sqft 3 2 61 1 1 49