First Arizona Title's Market Report

Mesa, AZ

Single-Family Homes

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



Mesa, AZ

Tue Sep 27 2022
This week the median list price for Mesa, AZ is $499,000 with the market action index hovering around 42. This is less than last month's market action index of 46. Inventory has held steady at or around 1,094. 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

Tue Sep 27 2022
This week the median list price for Mesa, AZ is $499,000 with the market action index hovering around 42. This is less than last month's market action index of 46. Inventory has held steady at or around 1,094. 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 $499,000
Median Price of New Listings $474,900
Per Square Foot $275
Average Days on Market 53
Median Days on Market 42
Price Decreased 67%
Price Increased 2%
Relisted 4%
Inventory 1,094
Median Rent
Market Action 42
Slight Seller's Advantage

The market is 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
$774,900 2,901 0.25 - 0.5 acre 4 3 19 32 34 42
$549,900 2,055 6,500 - 8,000 sqft 4 2 23 35 27 49
$467,500 1,679 6,500 - 8,000 sqft 3 2 32 44 30 42
$391,000 1,355 6,500 - 8,000 sqft 3 2 44 50 42 42