Lawyers Title Market Report

Mesa, AZ 85202

Single-Family Homes

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Mesa, AZ 85202

Mon Jun 21 2021
This week the median list price for Mesa, AZ 85202 is $525,000 with the market action index hovering around 96. This is about the same as last month's market action index of 96. Inventory has decreased to 7. 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 achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Mesa, AZ 85202

Mon Jun 21 2021
This week the median list price for Mesa, AZ 85202 is $525,000 with the market action index hovering around 96. This is about the same as last month's market action index of 96. Inventory has decreased to 7. 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 achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $525,000
Median Price of New Listings $525,000
Per Square Foot $226
Average Days on Market 14
Median Days on Market 7
Price Decreased 14%
Price Increased 0%
Relisted 0%
Inventory 7
Median Rent $2,049
Market Action 96
Strong Seller's Market

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$600,000 2,826 - 3 2 42 0 0 28
$581,000 2,413 8,000 - 10,000 sqft 4 2 44 1 1 17
$487,500 2,272 8,000 - 10,000 sqft 4 2 46 1 1 3
$397,500 1,589 8,000 - 10,000 sqft 3 2 44 1 2 14