First Arizona Title's Market Report

Mesa, AZ

Single-Family Homes

First Arizona Title Agency | (480) 385-6500 | www.FirstAZTitle.com



Mesa, AZ

Thu Jan 28 2021
This week the median list price for Mesa, AZ is $438,100 with the market action index hovering around 87. This is an increase over last month's market action index of 86. Inventory has held steady at or around 212. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Mesa, AZ

Thu Jan 28 2021
This week the median list price for Mesa, AZ is $438,100 with the market action index hovering around 87. This is an increase over last month's market action index of 86. Inventory has held steady at or around 212. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $438,100
Per Square Foot $213
Days on Market 68
Price Decreased 30%
Price Increased 10%
Relisted 4%
Inventory 212
Median Rent $1,900
Most Expensive $9,400,000
Least Expensive $159,900
Market Action 87
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change 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
$1,200,000 4,762 0.5 - 1 acre 5 4 15 11 7 160
$569,000 2,623 8,000 - 10,000 sqft 4 3 18 16 18 52
$395,000 1,890 8,000 - 10,000 sqft 3 2 33 33 25 23
$299,900 1,560 6,500 - 8,000 sqft 3 2 45 26 28 37