First Arizona Title's Market Report

Mesa, AZ

Single-Family Homes

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



Mesa, AZ

Sat Nov 27 2021
This week the median list price for Mesa, AZ is $499,900 with the market action index hovering around 82. This is an increase over last month's market action index of 80. Inventory has decreased to 387. 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

Sat Nov 27 2021
This week the median list price for Mesa, AZ is $499,900 with the market action index hovering around 82. This is an increase over last month's market action index of 80. Inventory has decreased to 387. 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 $499,900
Median Price of New Listings $489,500
Per Square Foot $260
Average Days on Market 32
Median Days on Market 14
Price Decreased 34%
Price Increased 4%
Relisted 2%
Inventory 387
Median Rent $2,258
Market Action 82
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
$778,450 3,064 0.25 - 0.5 acre 4 3 16 22 26 28
$557,540 2,162 8,000 - 10,000 sqft 4 2 21 30 26 21
$459,900 1,769 6,500 - 8,000 sqft 3 2 27 34 32 7
$375,000 1,445 6,500 - 8,000 sqft 2 2 43 36 39 14